#7
Standard Chartered MortgageOne 3M SORA Interest-Offset Loan
From 1.96% p.a.(S$1.96)
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Standard Chartered MortgageOne 3M SORA Interest-Offset Loan from [Standard Chartered Bank Singapore](/entity/standard-chartered-singapore) prices from 1.96% p.a. (3M SORA + Deposit Offset, benchmarked against 3M Compounded SORA (1.31%)) with a 2-year lock-in and Up to S$2,800 Priority Banking refinancing rebate.
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Standard Chartered MortgageOne 3M SORA Interest-Offset Loan from Standard Chartered Bank Singapore prices from 1.96% p.a. (3M SORA + Deposit Offset, benchmarked against 3M Compounded SORA (1.31%)) with a 2-year lock-in and Up to S$2,800 Priority Banking refinancing rebate.
Key Metrics
Specifications
LenderStandard Chartered Bank Singapore
Package Structure: 3M SORA + Deposit Offset
Year 1 Effective Rate1.96% p.a.
Benchmark / SORA3M Compounded SORA (1.31%)
Lock-In Period2 years
Minimum Loan SizeS$500,000
Refinancing SubsidyUp to S$2,800 Priority Banking refinancing rebate
Offset / Account LinkTwo-thirds (67%) of deposits earn matching mortgage rate interest offset
Pros and Cons
Pros
- Flagship MortgageOne offset account matches two-thirds of your deposit balance to your exact home loan interest rate
- ideal for borrowers holding large SGD liquidity buffers
Cons
- Headline SORA spread is 5–15 bps wider than plain non-offset fixed loans if offset account is left unfunded
- Subject to Standard Chartered Bank Singapore Singapore Key Facts Sheet & campaign T&Cs
Eligibility
- Minimum loan quantum S$500,000
- subject to MAS Total Debt Servicing Ratio (TDSR <=55%) and Mortgage Servicing Ratio (MSR <=30% for HDB/EC). Flexible partial capital repayment with cash reserves
Things to Watch Out For
- Headline SORA spread is 5–15 bps wider than plain non-offset fixed loans if offset account is left unfunded
- Subject to Standard Chartered Bank Singapore Singapore Key Facts Sheet & campaign T&Cs
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