There are fixed rate and floating rate. Floating rate is based on SIBOR + n%. (Singapore Interbank Offered Rate)
SIBOR is cheap now. It is at 0.69-0.80%. But SIBOR will surge will recovery economy. It is 9% in 1998! It is updated daily.
https://secure.sgs.gov.sg/apps/msbs/domesticInterestRatesForm.jsp
Here is a website to compare the loans from different banks.
http://www.smartloans.sg/
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