OCBC Commercial Property Loan Board Rates remains the same at 5.75%.
After the lock-in period, customers can choose to either re-price with OCBC or refinance with other bank.
For borrowing under Operating Company (Pte Ltd or Partnership) > 2 years, these are the general documents required for loan application
- OCBC consent form signed by all borrowers (see attached)
- Loan Referral Form (see attached)
- Photocopies of IC of all borrowers
- Latest 2 years’ income tax assessments of all shareholders and directors (Notice of Assessment- NOA)
- Latest 6 months company bank statements (this is not required if OCBC is the main bank)
- Latest 2 years Financial Statements/management accounts
- Option to Purchase Agreement / exercised S&P – if available
For Refinance cases, please provide the following additional documents:
- Redemption Statement showing the amount outstanding & amount pending disbursement, if any
- Original Facility Letter from existing financier
- Full address of the property you intend to refinance with OCBC
- Area of the property (square feet/square metres)
- Remaining lease
These are the general documents required for loan application for TDSR application (individuals/sole-proprietors/investment holding companies):
- OCBC consent form signed by all borrowers (see attached)
- TDSR Declaration form signed by all borrowers on separate forms. (see attached)
- Loan Referral Form (see attached)
- Copy of NRIC of all borrowers
- Latest 2 Years Notice of Assessment
- Latest 1 months pay slip or Latest 12 Months CPF Contribution Statements
- If 1 month payslip, latest 3 months bank statements where the salary is credited to
- Latest month credit card statements for ALL UTILISED credit cards
- Latest month overdraft facility statements – Secured / Unsecured
- Stamped Tenancy Agreement for all Existing Properties
