DBS floats SORA-pegged business property loan for SMEs

Uploaded By:  Frances Gagua Submitted By:  Staff Reporter Case Study:  No SME business property owners can borrow up to 80% of their property value. DBS has launched Singapore’s first business property mortgage loan that references the Singapore Overnight Rate Average (SORA), according to a press release. The SORA-pegged Business Property Loan covers all property loan types, DBS said. It is specifically tailored for small and medium enterprises (SMEs) looking to finance their commercial and industrial properties. read more