• Home Loan BYTES FROM OUR KITCHEN

    OCBC Launches Online Advisory Service for Singapore Property Buyers

    OCBC Bank launched an online advisory service portal known as the OCBC OneAdvisor Home for people who are looking to purchase a house in Singapore.

    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:

    • Things that go beyond the home ownership journey which include:
    1. Inheritance planning
    2. Reorganising property ownership
    3. Home content insurance and debt
    • Select columns on financing and purchasing a home.
    • Taking the help of a Mortgage Specialist to apply for a loan or for a customised consultation.
    • Important information that you need to know about your policies such as usage of CPF balances, types of bank loans and more.
    • The kind of home that you can pay for such as a list of properties for sale based on your affordability price range.

    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.

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