1.68% Fixed Rate Mortgage: Maybank

Source : TODAY, Tuesday, February 19, 2008

Malayan Banking (Maybank) is offering a 3-year fixed-rate home loan package, with a 1.68 per cent for the first year.

It said the rate is close to the current three-month interbank rate, which was 1.44 per cent as of Feb 15. The rates for the second and third years are 2.68 per cent and 3.38 per cent, respectively.

“Against a backdrop of potential rising interest rates, home loan customers who take up this fixed-rate package will enjoy the prevailing low rates and are protected from future interest rate increases for the next three years,” Maybank Consumer Banking head Helen Neo said. She said that while interbank rates have softened over the past few months, they are expected to rebound with higher inflation forecast.