To keep things simple at the start the bank is offering only one single package based on FDMR as follows: OCBC 36FD MR PACKAGE In a significant move by OCBC this week, it launched its own version of a deposit-based home loan peg called 36 FDMR which stands for 36-Month Fixed Deposit Mortgage Rate, defined as the prevailing rate of OCBC’s SGD 36-month fixed deposit rate for deposits from $5,000 to $20,000.
