Little do most Singaporeans know that it’s possible to do housing loan refinancing. It’s one way to save on mortgage in the long run. With DBS, you can transfer your existing home loan for a lower interest rate package. They offer refinancing for private properties and HDBs.
Get up to $500 worth of Takashimaya vouchers when you refinance your home loan through MoneySmart!
DBS has home loan packages with fixed and floating rates for private property. At the moment, you’ll get cash rebate of $2,000 if your outstanding housing loan is $500,000 and above.
You may refinance your existing home loan with the lowest package offered by DBS. At the moment, the interest rate stands at 2.00% p.a if your outstanding housing loan is $500,000.
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.
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.
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.
Get up to S$500 Takashimaya Vouchers when you apply for your Home Loan through us.
To get started, prepare the necessary documents for refinancing. Start comparing through us when you’re nearing the end of your current loan’s lock-in period, so you can familiarise yourself with the different options available.
After you submit your documents, we’ll dig deeper and find out the best housing loan refinancing package for you. We’ll then advise you and liaise on your behalf once you’ve chosen your new home loan package.
Make sure that you’re switching to a home loan rate with a lower interest rate than your existing loan. Typically, interest rates increase on the 3rd year due to SIBOR or SOR fluctuations, as well as the increasing interest rate structure of home loan packages. That’s why it’s important to put refinancing on your must-dos.