DBS Bank announced the launch of the POSB HDB loan, a first-of-its-kind HDB home loan in Singapore on Sunday.
The bank said in a press release that the loan is the first floating rate programme in Singapore to provide HDB homebuyers with the security of having interest capped below HDB concessionary rates for 10 years while benefiting from the current low interest rates.
The POSB HDB Loan will form an integral part of DBS' suite of mortgage offerings.
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