any banks without penalty charges?

[Dennis Ng]

Nailing down that home loan in Singapore Sunday Times 2 July 2006

In the article entitled ?Nailing down that home loan? published in Sunday Times 2 July 2006, Dennis Ng of http://www.HousingLoanSG.com shared many useful information on choosing a Housing Loan in Singapore.

Here?re his comments for your easy refernce:

Banks without Penalty charges?
Banks that do not impose any penalty on redemption are HSBC and Lloyds TSB.

Dennis Ng says the interest rates for no-penalty loans may not be the lowest in town, though.

Still, they are attractive to certain types of customers such as speculators who plan on selling their property within a short period of time.

Others may expect a lump sum coming their way ? such as the sales proceeds from another property or an inheritance ? soon.