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DBS launches Singapore's first SORA-pegged business property loan

Felicia Tan
Felicia Tan9/3/2020 08:54 AM GMT+08  • 2 min read
DBS launches Singapore's first SORA-pegged business property loan
The loan, which will be available from September 3, allows SME business property owners to borrow up to 80% of their property value and stretch their repayment tenor to up to 25 years.
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DBS Bank has launched Singapore’s first SORA-pegged business property mortgage loan, which provides business property owners with additional property financing options and covers all property loan types.

The loan marks another milestone in Singapore’s transition towards the adoption of the Singapore Overnight Rate Average (SORA) as its main interest rate benchmark.

The loan is specially tailored for small and medium-sized enterprises looking to finance their commercial and industrial properties.

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