Singapore Interbank Offered Rate (SIBOR) represents the unsecured funds/rates that banks and financial institutions in Singapore lend to each other.
Singapore Swap Offer Rate (SOR) represents the average cost of funds used by banks in Singapore for commercial lending.
In Singapore, most banks offer floating housing loan packages pegged to either SIBOR or SOR, local housing loan interest rates track movements in the SIBOR or SOR.
SIBOR & SOR rates are updated around 11:30am every weekday.
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