DBS Bank was established in the year 1968 and since that day, the bank has offered great service and innovative products for its customers. The Development Bank of Singapore was mainly set up so that it can take over the activities of industrial financing from Economic Development Board. The Development Bank of Singapore is, presently, the largest bank across South East Asia. With the help of its products and services, the bank has got dominant positions in different sectors of the financial market, like asset management, debt fund raising and equity, consumer banking, markets and treasury, etc.
The Property Financing scheme offered by the Development Bank of Singapore can prove to be extremely beneficial and advantageous for the consumers. An individual can finance up to 80 percent of the price or valuation of the industrial property or commercial property that he would purchase. The rates of interest that are offered by the Development Bank of Singapore with their Property Financing scheme are extremely lucrative and competitive too. The tenures can go up to a period of 25 years, which suggests that you can choose a tenure as per your convenience. You will also have the option to choose between fixed rates of interest and floating rates of interest.
Development Bank of Singapore is one of the largest banks across the globe. The bank offers great solutions that are innovative and customisable. By offering great products and services to the consumers, the Development Bank of Singapore has earned a lot of reputation and goodwill in the market. Hence, it can definitely prove to be a wise call to choose the Property Financing Scheme offered by the Development Bank of Singapore.
Property Financing by DBS Bank comes with a myriad of benefits and features. They are attractive and beneficial for the customers of Development Bank of Singapore. These benefits are listed below.
You can bundle the Property Term Loan, with different facilities like trade facility or the overdraft facility. This means that the bank can actually help you with the management of cash flow while financing the purchase of property.
The Development Bank of Singapore offers both floating rates of interest and fixed rates of interest with their Property Financing Scheme.
An independent appraiser is appointed by the Development Bank of Singapore to understand the present market value of your property. In case, the valuation of the property is lesser than the purchase price of the property, then you will have to give the difference before the bank offers you the loan.
Your instalment payments can go down substantially when you choose DBS Property Refinance. However, there are some costs associated with the process of refinancing. These are legal fees, valuation, etc. You may also be liable to pay a fee for early repayment.