The fresh new lock-inside period ‘s the cycle when you can’t re-finance or prepay your residence loan instead of incurring a penalty

The fresh new lock-inside period ‘s the cycle when you can’t re-finance or prepay your residence loan instead of incurring a penalty

Citibank has the benefit of an effective secure-within the ages of 2 yrs for everybody home loans. When you look at the secure-in period, you can not refinance your residence loan to another bank or prepay the loan in the place of running into a penalty. It is vital to check out the secure-in the months before you apply getting a mortgage as you possibly can connect with their independence to evolve to another lender or prepay the financing.

To summarize, the borrowed funds tenure and you may costs are very important you should make sure ahead of bringing home financing out-of Citibank Singapore. Utilize the Citibank Home loan Calculator to determine your loan tenure and monthly instalments, and make sure to adopt the newest secure-in the several months before applying getting a home loan.

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For folks who currently have home financing with Citibank Singapore, you can consider refinancing your own mortgage. Leggi tutto “The fresh new lock-inside period ‘s the cycle when you can’t re-finance or prepay your residence loan instead of incurring a penalty”