DBS Home Loan

DBS has a suite of home loan packages for different housing needs. Unlike other banks, DBS has a Fixed Deposit Home Rate, or FHR. In lieu of SIBOR-linked rates, they introduced this board rate that’s based on their Singapore dollar fixed deposit rate rather than the interest rates offered by other banks. Because of this pioneering move, DBS remains attractive to home buyers in Singapore.

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DBS Private Property Home Loan

DBS offers fixed and floating home loan rates for private property. However, these rates only apply to residential properties in Singapore with a minimum loan amount of $100,000.

DBS Private Property Home Loan Rates

Package NameRate TypeYear 1 Rate
DBS FHR Package (Min. Loan $500,000)Floating2.00%
DBS FHR PackageFloating2.08%
DBS 2 Years Fixed Rate (Min. Loan $500,000)Fixed2.28%
DBS 2 Years Fixed RateFixed2.38%
DBS 3 Years Fixed RateFixed2.88%

DBS Building Under Construction (BUC) Home Loan

If you plan to purchase a residential property under construction, DBS Home Loan offers a floating rate package without lock-in at 2.07%. This is computed based on FHR8 + 1.12% p.a.

You can use our Progressive Payment Calculator to find out how much you need to pay at each stage of construction.

DBS Building Under Construction Home Loan Rates

Package NameRate TypeYear 1 Rate
DBS FHR Package (Min. Loan $800,000)Floating2.07%
DBS FHR Package (Min. Loan $500,000)Floating2.10%
DBS FHR PackageFloating2.35%

DBS HDB Home Loan

The enhanced HDB Home Loan has a 5-year fixed rate package. This means you’ll get to enjoy a fixed interest rate of 2.5% for 5 years. On top of that, you’ll be covered for sudden loss of income or unexpected events through DBS Home Payment Care.

DBS HDB Home Loan Rates

Package NameRate TypeYear 1 Rate
DBS FHR Package (Min. Loan $500,000)Floating2.00%
DBS FHR PackageFloating2.08%
DBS 2 Years Fixed Rate (Min. Loan $500,000)Fixed2.28%
DBS 2 Years Fixed RateFixed2.38%
DBS 5 Years Fixed RateFixed2.50%

Benefits of Applying for DBS Home Loan Through Us

  • Simple, fast, convenient

    Leave your home loan research to us and we’ll break it down for you in simple terms. Our Mortgage Specialist will contact you directly so you can save time for other important things in life.

  • Get better deals

    Feeling so spoilt for choice you can't decide? Settling for the first option is like being forced to marry the first person you come across on a dating app. Don’t feel pressured. We compare across all banks in Singapore to ensure that you get the best deals.

  • It's free!

    Our service to you is free. But, of course we’re not doing this for charity! All banks pay us a standard referral fee for our services and our awesome job done. We don’t take sides or give biased advice.

  • Vouchers

    Get up to S$500 Takashimaya Vouchers when you apply for your Home Loan through us.

Documents Required for DBS Home Loan

  1. DBS application form
  2. NRIC
  3. Option to Purchase
  4. Proof of income
  5. HDB flat info & Financial info value confirmed by HDB

DBS Home Loan Application Process and Fees

  • Step 1

    Submit your documents through us

    Before you get too excited about getting your own home, make sure that your documents are complete and correct. Then leave everything to us and we’ll get the ball rolling.

  • Step 2

    Compare and be informed

    Sit back, relax and compare. We’ll give you a comprehensive list of home loan packages that you can choose from. Our team of Mortgage Specialists will advise you on the next steps upon receiving the Letter of Offer from the bank.

  • Step 3

    Fees and charges

    If you decide to cancel the loan after signing the Letter of Offer, you’ll be required to pay 0.75% of the undisbursed loan amount.

Frequently Asked Questions

  • How do I repay my DBS Home Loan?

    You may use cash, CPF savings, or cash and CPF (if you have insufficient funds to cover the monthly instalments in full). Do note that if you decide to use your CPF, your acting lawyer must seek approval from the CPF Board first.
  • How do I calculate my DBS Home Loan monthly payment?

    All you have to do is fill in your desired loan amount, interest rate and loan tenure in our Mortgage Calculator to find out how much you need to pay.
  • What happens if I pay my loan off early?

    If you intend to pay off your loan early, you must give a 3-month notice. After which, your title deed will be given back to you upon discharge of your mortgage. Although, you may need to pay for penalties depending on the package you signed up for.
  • Can I get DBS Home Loan for an overseas property?

    Yes, DBS offers overseas property financing for properties in London and Australia at competitive interest rates.
  • How to do DBS Home Loan partial repayment?

    To make a partial repayment, you must submit a request 1 month in advance. You have the option to pay in cash or use your CPF savings.
  • Can I refinance my DBS home loan?

    Yes, you may refinance your DBS Home Loan through us. We’ll help you find the most suitable home loan, so you can save on interest rates.