PropertyGuru has launched PropertyGuru Great Singapore Specials (PGSS) 2015 to help property owners get “bigger savings”. Although home loans in Singapore take up a huge portion of the household income, many home owners are unaware of various refinancing options and tend to opt for a more passive pragmatic wait-and-see approach towards their next property-purchase decisions.
Through the PGSS campaign, Asia’s leading online property portal wants to raise awareness of the saving potential that property owners can achieve through finding a better home loan and refinancing package. The campaign leverages on PropertyGuru’s proprietary Mortgage Marketplace to help property seekers find the best mortgage deals as well as optimise ‘property passives’ secure savings by refinancing existing home loans.
Earlier in March, the Singapore Interbank Offered Rate (SIBOR) rates soared above 0.9% for the first time since 2008 and it has caused unnecessary stress among home owners. In order to better serve home owners, Mortgage Marketplace helps home owners understand how current SIBOR levels are affecting across various bank loans. In addition, it simplifies complex financial considerations: based on the input of loan amount, property value, and loan tenure, Mortgage Marketplace will work out the exact amount that a home owner needs to pay.
“Mortgage Marketplace houses more than 60 home loans from 14 financial institutions and banks. It allows home owners to make the best mortgage comparisons all in one place. This suite of innovative tools will be an indicator to the general market on the right time to finance or refinance their loans. A good mortgage refinance decision today helps our site visitors save thousands of dollars in the long run,” said Mr Steve Melhuish, co-Founder and Chief Executive Officer of PropertyGuru Group.
For those who enquire about home loans through PropertyGuru Mortgage Marketplace, they can also benefit from PropertyGuru’s partnership with Qanvast - a local online renovation portal for home design inspiration. With this collaboration, consumers can get even bigger savings by tapping on promotional offers from more than 24 product merchants and interior designers including Nescafe, My Digital Lock, RICE, Herman Furniture, Magicseal, Project File, Third Avenue Studio and more.