Refinance your existing home loan from another bank

At a Glance

Enjoy greater savings on your home loan

With lower interest rates and reduced monthly payments when you refinance.

Get rewarded up to S$2,800 in cash

When you switch to POSB and use your cash rewards to offset your loan fees and charges.

Make the switch and apply conveniently

Plus, you get dedicated specialists to assist you, anytime, anywhere.

Apply now

Why refinance your home loan with POSBRefinancing your home loan with POSB simply means you switch to POSB Home Loan to finance your home. You may incur various charges and fees. Hence, it’s important to consider your options carefully before making a decision.Fret not, because when you refinance with POSB...✔ You enjoy cash rewards to offset these charges and fees.✔ You may potentially enjoy a lower interest rate and a reduced monthly repayment.This allows you to reassess your financial situation and customize your loan term or repayment structure accordingly. Pair your POSB Home Loan with POSB Multiplier Account, enjoy preferential interest rates and a seamless banking experience.Check out the cash rewards below:For Private Property and Executive Condominiums

Loan amount	Cash rewards
S$500,000 to <S$1,000,000	S$2,000
S$1,000,0000 to <S$1,500,000	S$2,500
≥S$1,500,000	S$2,800

For HDB

Loan amount	Cash rewards
≥S$250,000	S$2,000

How much can I save by RefinancingUse our Repayment Calculator to calculate your potential savings and get a quick estimate effortlessly. Compare accurate possibilities for your upgraded home financing journey. And make informed decisions for your budget.

Pricing and feesWith POSB Home Loan, you get to choose your rate package. Evaluate if a fixed rate, floating rate, or a Two-In-One Home Loan suits your financial needs.Enjoy full transparency in your home loan journey. Get a detailed breakdown of our pricing and fees.

Fixed rate package

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.

Floating rate package

Our floating rate packages have interest rates that fluctuate based on Singapore Overnight Rate Average (SORA) and Fixed Deposit Home Rate (FHR).

Understand what 3M SORA and FHR are

Two-In-One Home Loan

Rates are based on your preferred customized combination of both fixed and floating rates.

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.

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.

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.

Refer-a-friend for a POSB Home Loan

Process of switching to POSBNot sure where to start? Every property and the journey to purchasing them is unique, that's why we've crafted a simple, user-friendly checklist to streamline the process, whether you're a first-time buyer or a seasoned homeowner.


Check your current home loan’s expiry date	It is advisable to start looking for options nearing the end of your current loan's lock in period.
Submit your repricing application	Choose a loan package that suits your needs and submit an application in minutes.
Receive letter of offer	Once your loan is approved, you will receive a letter of offer via email. In instances where we require more information, our home advice specialist will reach out to you.
Accept loan offer	Once you’ve accepted the loan offer, a letter of acceptance will be generated and emailed to you. Congratulations on your approved loan!

Download our detailed process guide


HDB Resale	Download PDF checklist
HDB Build-To-Order (BTO)	Download PDF checklist
Private Property Resale	Download PDF checklist
Private Property (Building Under Construction)	Download PDF checklist

Before you applyEnsure that you have:

DBS/POSB savings account for loan disbursement,

POSB digibank access, and

the required documents for your loan application

How to applyGet your home loan easily using digibank.Apply with digibank

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.

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.