BankBazaar Singapore – January 5, 2018
SINGAPORE: After a long wait, Singaporeans who are looking to purchase a residential property will get advice and information about purchasing a home and ways to finance them on a single platform. Known as the OCBC OneAdvisor Home, this online advisory portal by OCBC Bank has everything that both seasoned investors and first-time home buyers would need, ranging from policy details, property listings and comprehensive affordability advice, to rules and regulations.
A large number of advisory tools today can only come up with the loan amount a purchaser can borrow depending on the debt servicing ratio. In contrast, OCBC OneAdvisor Home portal will be able to calculate the price affordability which the buyer is looking for, that includes stamp duty, down-payment, minimum cash payment, and agent and legal fees. Home loan is one of OCBC’s prime products in Singapore.
The initial phase of this tool will have the following features:
OCBC will soon add more services via API-based partnership with other service providers over the next couple of months. OCBC will also allow home buyers to find out about OCBC’s Mortgage Specialists without meeting them face-to-face. This new feature will let home buyers see the testimonials and ratings.
OCBC OneAdvisor Home portal will let home buyers submit soft copies of all the essential documents on the website for a safe Credit Bureau verification. Additionally, people selling their homes will get a fair value of their properties from a recognised valuer.
In line with OCBC’s target of creating an all-inclusive home purchasing journey for all, services such as applying for a renovation loan will be soon be added.