Yen Kai's Idea Cast

My previous attempt at reviewing the Samsung Galaxy S/Android ended up being more of commentaries on Android in general. Here’s the follow up real deal, a practical month-old-user review on the Galaxy S.

I have mentioned in my previous post that those of us who have taken up a SOR or SIBOR pegged loan may find ourselves at risk of having to pay a 1.5% penalty when doing a full redemption not on the rate repricing date.

In the past 3 months USD/SGD exchange rates have been quite choppy, with a gap down on April 14 followed by a reversal on May 5 and a decline again on June 17. The charts below illustrate how SOR tracks the exchange rate.

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SOR fell to 0.31%, presumably the all time low. This is probably a result of the revaluation of SGD against USD from 1.39 to below 1.38, which makes it cheaper to repay loans denominated in US dollar.

Time flies and before you know it, the second year of my SOR-pegged loan is drawing to an end. The chart above shows my home loan interest rates over the past 2 years.

As promised, here are the details of the loan packages i have been offered:

Bank A (Refinancing, quoted on 12 Feb)

It's been almost 6 months since i last posted an entry, and during this time more than 10,000km has been added to my car mileage, i have quit my job (without first having found a new job.. for the first time), got married, gone for a two weeks plus self-drive honeymoon across 7 countries in Europe, launched a new e-commerce website, started on my new job, and bought a new property (took up a new SOR-pegged loan for it). Yes, much has happened during this time, but fortunately there hasn't been much action on SOR rates.