If you happen to be on the hunt for a home loan from a foreign bank, chances are you’re either financially unacquainted or overtly financially acquainted to make this call. While living in the world’s most expensive city and becoming entrapped by the sky-high property rates can certainly turn one to desperate measures, the desperation shouldn’t materialize into a fast-tracked financial apocalypse for you.

This is why it is critical to clearly understand the differences between getting a home loan from a local bank in Singapore and getting one from a foreign bank. For the bold ones willing to take the latter route, here are 5 failsafe commandments to abide by while negotiating a home loan package with a foreign bank:

1. Thou Shall Pay Heed to Interest Rates

The majority of the world’s property home loan market operates as per a floating rate or a fixed rate. Any financial institutions ...