MortgageKLIBOR - Frequently Asked Questions

1. What is KLIBOR?

KLIBOR stands for Kuala Lumpur Inter-Bank Offered Rates.
Its interest rates are derived from the activities of borrowing and lending funds between banks.

2. Will KLIBOR always be lower than BLR?

Historically, KLIBOR has consistently been significantly lower than Base Lending Rates, so you would potentially enjoy greater savings if you took up MortgageKLIBOR.

3. How does Standard Chartered determine its quarterly fixed KLIBOR?



KLIBOR contains published rates that you would be able to find in any major local newspaper. Standard Chartered sets its quarterly rate by adopting the 3-month KLIBOR rate on the last business day of the previous quarter. For example, the KLIBOR 3-month rate on 30 Sept 2010 would be our rate effective from 1 Oct 2010 till 30 Dec 2010. This fixed rate is updated every quarter.

4. Why take up MortgageKLIBOR?

MortgageKLIBOR is the FIRST conventional home loan that is pegged to KLIBOR* so that housebuyers can enjoy lower than the average market financing rates.

5. Are there any fees and charges for MortgageKLIBOR?

By pegging to KLIBOR*, we are essentially revealing our costs and margins. So, no, there are no set-up fees, maintenance fees or processing charges – hidden or otherwise!

What You Can Do Next...

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