singaporesiborwatch

Average 1month Sibor rate in 2011 was 0.28% whereas for 3month Sibor the average was 0.41%. In 2010, average 1month Sibor was 0.38% whereas for 3month Sibor it was 0.56%. Currently, 1month Sibor is 0.32% whereas 3month Sibor is 0.39%. So yes, typically 1month Sibor is lower than 3month Sibor and it would be advantageous to get a floating rate package based on 1month Sibor rather than 3month Sibor.

Hi davidbslee, Yes, wait till your lock-in period is up and give your bank a call to reprice your loan as well as shorten the loan period/make a lump sum repayment. Although interest rates are creeping up slightly, they are expected to remain low in the next few years.