The benchmark interest rate in Singapore was last recorded at 2.30 percent. This page provides the latest reported value for - Singapore Average Overnight Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term
3M Compounded SORAThe 3M Compounded SORA means the 3-Month Compounded Singapore Overnight Rate Average. The 3-Month Compounded Singapore Overnight Rate Average for a given business day is published by 9am on the next business day on the Monetary Authority of Singapore (“MAS”) website or on...
Singapore, 18 August 2020– OCBC Bank has scored another first in launching a new SORA-based home loan referencing the 3-month Compounded Singapore Overnight Rate Average (SORA) published by the Monetary Authority of Singapore (MAS). It is another step by OCBC Bank to contribute to Singapore’...
“Existing SOR loan margin” refers to the spread on top of SOR that is used to compute your total loan interest rate. This would be stated in your Letter of Offer from us. For example, if your current SOR-based property loan is priced at SOR + 0.8%, then the SOR loan margin would...
Compounded Daily SORAmeans, with respect to an Interest Period, the rate of return of a daily compound interest investment during such Interest Period (with the reference rate for the calculation of interest being the daily Singapore Overnight Rate Average) calculated in accordance with the formula...
With an average room rate of just $172, this exquisite hotel provides exceptional value for money. Compared to the average price of a hotel room in Fukuoka, which stands at $131, The358 SORA stands out as a remarkable choice for travelers seeking both comfort and savings. Despite its ...
Your loan is currently on fixed rate and will only be changing to a SIBOR reference rate after the fixed tenure ends.For example, if you have 1-year remaining lock-in period on fixed rate: However, if you decide to switch to a prevailing loan package which comes with a fresh lock-in ...