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OCBC Overseas Property Loan

People no longer purchase houses and properties to meet their accommodation needs. These days, many people around the world invest on properties with a hope of earning a lot of money. If you own a property, you can rent it to people and earn a handsome amount of money on a regular basis. If you purchase the property in a location where real estate prices are always on the rise, you can sell off the property after a year or two and earn a substantial amount of money as its selling price will be lot higher than its purchasing price. There are many cities in the world where real estate prices are always on the rise and purchasing properties in these cities can be a very good investment. You can opt for OCBC Property Loan to get the money needed for purchasing properties in overseas locations.

Overview of OCBC Overseas Property Loan

Headquartered in Singapore, OCBC is one of the richest banks in the world and has a presence in over 15 countries. OCBC is one of the few local banks in Singapore and offers all kinds of products, services and solutions to meet the banking related needs of the people living in the island. OCBC Bank offers 4 different types of home loan product in Singapore, which include: Home Loan (new and refinancing), Construction Loan, Renovation Loan and Overseas Property Loan. Regardless of the OCBC home loan product you opt for, you can be assured that the bank will offer you with excellent quality of service. OCBC Overseas Property loan is ideal for those who want to purchase properties in cities around the globe.

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Why Choose OCBC Overseas Property Loan?

Despite the fact that the real estate market has been down for the last few years, property prices in many cities across the globe are on the rise. Thus, buying a property overseas can be the ideal tool of investment you are looking for. With an OCBC Overseas Property Loan, you will get the required money to purchase an overseas property of your choice and you will also enjoy attractive interest rates. The process of applying for the loan is very simple and the application will be processed within a short amount of time. Besides, you will be offered with a transparent loan agreement and will have a fair idea of your cost of borrowing.

Features and Benefits of OCBC Overseas Property Loan

  • You can easily obtain the required amount needed to purchase an overseas property in some of the major cities on the planet.
  • The loan amount offered can be as high as 70 percent of the price of the property that you want to purchase.
  • You will enjoy flexible loan repayment period of up to 30 years and can pay off the loan amount at your convenience.
  • You can avail a minimum loan amount of S$300,000 for purchasing the overseas property of your choice.

Cities or Countries Covered by OCBC Overseas Property Loan

With an Overseas Property Loan from OCBC Bank, you can purchase overseas property in the following locations:

London

Financing offered for London properties

  In Singapore Dollars In Great Britain Pounds
Minimum amount offered as a loan 300,000 200,000
Maximum amount offered as a loan Up to 60 percent Up to 70 percent (up to 75 percent is offered as a loan for certain selected properties)
Status of the property Completed and/ or building under construction
Commencement of interest From the date when the loan is first released

Australia

Financing offered for Australian properties

  In Singapore Dollars In Australian Dollars
Minimum amount offered as a loan 300,000 200,000
Maximum amount offered as a loan Up to 60 percent Up to 70 percent
Status of the property Completed and/ or building under construction
Commencement of interest From the date when the loan is first released

Malaysia

Financing offered for Malaysian properties

  In Singapore Dollars
Minimum amount offered as a loan 200,000
Maximum amount offered as a loan Up to 60 percent
Status of the property Completed and/ or building under construction
Commencement of interest From the date when the loan is first released

Tokyo

Financing offered for Tokyo properties

  In Singapore Dollars In Japanese Yen
Minimum amount offered as a loan 200,000 25 million
Maximum amount offered as a loan Up to 60 percent Up to 70 percent
Status of the property Completed and/ or building under construction
Commencement of interest From the date when the loan is first released

New York

Financing offered for New York properties

  In Singapore Dollars In US Dollars
Minimum amount offered as a loan 300,000 200,000
Maximum amount offered as a loan Up to 70 percent Up to 70 percent
Status of the property Completed and/ or building under construction
Commencement of interest From the date when the loan is first released

Documents Required for OCBC Overseas Property Loan

You will need to submit the following documents when you apply for OCBC Overseas Property Loan:

  • A copy of your NRIC (both front and back)
  • A copy of your employment pass or work permit (if you are a foreigner)
  • Income documents such as:
    • Last 6 months salary slips or pay slips
    • Last 12 months statement of CPF contribution
    • Income Tax Statement of Assessment for the last 2 years (in case you are self-employed)
    • Booking form OR Reservation form OR Contract of Sale OR Lease agreement

How to apply for OCBC Overseas Property Loan?

You can apply for OCBC Overseas Property Loan in the following steps:

  • Step 1 - Contact your mortgage specialist or relationship manager (if you are an OCBC premier customer)
  • Step 2 – Submit the documents required (stated above) to your mortgage specialist or relationship manager.
  • Step 3 – Sign the letter of offer

Explore the Other Overseas Property Loans Offered By Banks:

Explore the Other Loans Offered By OCBC Bank:

Frequently Asked Questions (FAQs)

  1. What are the countries or cities where I can purchase properties with an Overseas Property Loan?
  2. You can purchase properties in the following locations with an Overseas Property Loan:

    • London
    • Australia
    • Malaysia
    • Tokyo
    • New York
  3. What is the minimum loan amount offered for purchasing properties in Tokyo?
  4. For purchasing properties in Tokyo, the minimum loan amount offered is JPY 25 million.

  5. What is the maximum amount that I can avail as a loan with Overseas Property Loan?
  6. You can avail up to 70 percent of the value of the property that you want to purchase as a loan with this home loan product from OCBC Bank.

  7. What is the maximum repayment tenure offered with this OCBC Home Loan product?
  8. The maximum loan repayment tenure offered with this OCBC Home Loan product is 30 years.

  9. In which cities in Australia can I purchase a property with this home loan offered by OCBC Bank?
  10. With this home loan offered by OCBC Bank, you can purchase properties in the following Australian cities:

    • Melbourne
    • Perth
    • Sydney
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