DBS, OCBC, UOB aim to stay competitive as foreign players slash mortgage rates
Foreign banks in Singapore have slashed their home loan rates to as low as 2.45%, lower than that offered by the local banks
SINGAPORE’S local banking trio will continue to watch interest rate movements to ensure that their mortgage rates stay competitive.
At their respective third-quarter results briefings, management of DBS, UOB and OCBC said they will look at the market and adjust accordingly, but did not explicitly mention plans to cut rates.
This comes as foreign banks in Singapore have slashed their home loan rates to as low as 2.45 per cent, lower than that offered by the local banks.
