Refinance your existing home loan from another bank

More on fixed rate packages

Our fixed rate packages maintain the same interest rate over a fixed tenure. Enjoy a lock-in fixed rate for your loan package regardless of market conditions. Once the fixed period lapses, your fixed rate will become a floating rate.

Features

Minimum loan amount of S$100,000.

Choose between 2-5 year fixed DBS interest rate.

Contact us for our current rates, and we’ll get back to you within the next working day.

Switch to another pricing package at the end of your fixed rate period for free.

fixed rate graph info

For full list of associated costs, read our DBS Home Loan Fees and Charges.

More of floating rate packages

Features

Minimum loan amount of S$100,000.

The lock-in 3M SORA or FHR rate will be calculated from the day you take up the bank loan.

Contact us to find out more about 3M SORA or FHR, and we’ll get back to you within the next working day.

Switch to another pricing package at the end of your fixed rate period for free.

Only applicable for 3M SORA packages.

floating rate graph info

For full list of associated costs, read our DBS Home Loan Fees and Charges.

More on Two In-One Home Loan

Can’t decide between our fixed rate and floating rate packages?

Customise your loan package and enjoy the benefits of both packages in one loan, based on your needs.

floating rate graph info

For full list of associated costs, read our DBS Home Loan Fees and Charges.

What are 3M SORA and FHR?
Definitions of pricing terms

3M SORA

The Singapore Overnight Rate Average (SORA) is an interest rate benchmark, and it reflects the actual transactions between banks, made between 8am and 6.15pm in Singapore.

3M SORA refers to 3M compounded SORA rate which is based on a compounding period of 3 months of the historical SORA rate.

SORA fluctuates on a daily basis, so if you re-taking a housing loan with your interest rate pegged to SORA, your loan repayments will change too.

Find out more on the prevailing 3M SORA Rate.

FHR

FHR6 refers to Fixed Deposit Home Rate 6, a reference rate unique to DBS. FHR6 is calculated based on the prevailing 6 months Singapore dollar fixed deposit interest rate of DBS Bank for amounts within S$1,000 to S$9,999.

Find out more on the prevailing FHR.

When should I refinance my home loan?

Generally, it may be a good time to consider refinancing when your lock in and cash rebate claw back periods for your current housing loan has ended and your loan interest rates is significantly higher then the interest rates being offered to you.

Is there any cost to refinancing my home loan to POSB from another bank?

There will be legal and valuation costs. However, we do offer cash rebates of up to $2,800, depending on your loan amount, to help subsidize these costs.

Still need help?

We’re just a message away. Contact us for personalised assistance on your home loan journey.