Best Refinance HDB Loan Promotions In Singapore

Q: Can I refinance my HDB loan?

Yes most definitely. If your home loan is from HDB directly or a bank, you can refinance as many times as you wish to but do note that once you have a bank loan for your HDB, you cannot refinance back to a home loan from HDB directly.

Q: Can I change from HDB loan to bank loan?

Yes, you can change from a HDB loan to a bank loan in Singapore. The process is hassle free and involves no upfront costs as long as your outstanding loan amount is above $250,000. Income documents such as payslips, monthly CPF contributions, your latest IRAS Notice of Assessment and a signed application form will need to be submitted to your preferred bank.

Refinance your HDB loan with a comparison of the best home loan promotions in Singapore. Get cash rewards and enjoy no upfront fees to maximise your interest savings.

Exclusive Rewards

Bank Subsidies

Up to $2,000

DollarBack Cash Reward

Up to $3,300

Compare Rates

BANK	LOAN TYPE	YEAR 1	YEAR 2	YEAR 3	YEAR 4	YEAR 5	YEAR 6
Limited Promo*	2 Year Fixed	3.00% Fixed	3.00% Fixed	4.10% Floating	4.10% Floating	4.10% Floating	4.10% Floating

Limited Promo*	1 Year Fixed	3.05% Fixed	4.10% Floating	4.10% Floating	4.10% Floating	4.10% Floating	4.10% Floating

OCBC	2 Year Fixed	3.20% Fixed	3.20% Fixed	4.10% Floating	4.10% Floating	4.10% Floating	4.10% Floating

OCBC	1 Year Fixed	3.25% Fixed	4.10% Floating	4.10% Floating	4.10% Floating	4.10% Floating	4.10% Floating

DBS	2 Year Fixed	3.30% Fixed	3.30% Fixed	4.10% Floating	4.10% Floating	4.10% Floating	4.10% Floating

DBS	3 Year Fixed	3.35% Fixed	3.35% Fixed	3.35% Fixed	4.10% Floating	4.10% Floating	4.10% Floating

CIMB	2 Year Fixed	3.33% Fixed	3.33% Fixed	4.10% Floating	Floating% Floating	4.10% Floating	4.10% Floating

BANK	LOAN TYPE	YEAR 1	YEAR 2	YEAR 3	YEAR 4	YEAR 5	YEAR 6
Limited Promo*	Board Rate	2.60%	2.60%	2.60%	2.60%	2.60%	2.60%

Limited Promo*	3-month SORA	3.50%	3.50%	3.50%	3.90%	3.90%	3.90%

SCB	3-month SORA	3.65%	3.65%	3.65%	4.05%	4.05%	4.05%

Maybank	3-month SORA	3.70%	3.70%	3.70%	4.40%	4.40%	4.40%

CIMB	3-month SORA	3.65%	3.70%	3.85%	4.25%	4.25%	4.25%

Maybank	3-month SORA	3.75%	3.75%	3.75%	4.40%	4.40%	4.40%

DBS	3-month SORA	3.80%	3.80%	3.80%	4.15%	4.15%	4.15%

OCBC	3-month SORA	3.75%	3.75%	3.95%	4.15%	4.15%	4.15%

HSBC	1-month SORA	4.00%	4.00%	4.00%	4.65%	4.65%	4.65%

Maybank	1-month SORA	4.00%	4.00%	5.15%	5.15%	5.15%	5.15%

Waiver Of Upfront Fees

Enjoy a full offset / waiver of all HDB home loan refinancing costs such as legal and valuation fees by almost all banks in Singapore. Plus, get additional cash rewards through DollarBack Mortgage once your HDB refinancing is confirmed with your desired bank.

Exclusive HDB Refinancing Packages

HDB refinancing packages vary from time to time with special promotions being launched for a limited period. Through our close partnerships with over 18 banks in Singapore, our mortgage consultants provide real time updates for you to lock in the lowest package whenever it is launched.

Professional Guidance

A preliminary analysis will be conducted to check if refinancing gives you the maximum savings. During the application, regular status updates will be provided by us until bank approval is granted. Upon acceptance of a loan offer, our partner law firm will automatically begin the refinancing. This entire process will be managed by our mortgage consultants so that it is stress-free for you. In addition to refinancing HDB loans, our experts can also help you refinance your condo and other private properties in Singapore.

No tricks, no gimmicks. up to $3,300 in cash rewards from us to you!

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COMMONLY ASKED QUESTIONS ABOUT HDB REFINANCING

Can I refinance my HDB loan?

Yes, most definitely. If your home loan is from HDB directly or a bank, you can refinance as many times as you wish to but do note that once you have a bank loan for your HDB, you cannot refinance back to a home loan from HDB directly

Should I refinance my HDB loan?

Our general rule of thumb when deciding to refinance your HDB loan is to confirm if your outstanding loan amount is more than $250,000 and the difference in your existing interest rate and the new refinance package is more than 0.30%. If both those conditions are met, then you should consider refinancing to save on your interest costs.

How often are there HDB refinance promotions?

All banks offer HDB refinance promotions almost on a monthly basis. Our mortgage consultants will also negotiate with the banks to get special approval for the cheapest HDB loan refinance interest rates depending on your loan amount and specific needs.

Why choose DollarBack Mortgage for HDB refinancing instead of going directly to banks?

DollarBack Mortgage has close partnerships with over 21 banks in Singapore and we enjoy more bargaining power due to the amount of business we do with the banks. When deciding on going with a mortgage broker or a bank, think of it as going for a battle — would you stand a higher chance of winning on your own or with an army with you? The answer is pretty simple. DollarBack Mortgage and our consultants ensure you win the battle in securing the best and lowest HDB refinance packages

Can I shorten my HDB loan period?

Yes, you can. All banks allow you to shorten the period for your HDB loan to a minimum of 5 years. In fact, having a shorter tenure allows you to save on paying interest to the bank and you enjoy paying off your loan faster. Just ensure you prepare your finances to support the higher monthly instalments that come with a shorter loan tenure.

Can I take a cash out loan from my fully paid HDB flat?

Cash out / term loans are not allowed for HDB properties. Only private properties including Executive Condos with the 5 year MOP met are eligible for cash out refinancing.

Can I change from a HDB loan to a bank loan?

Yes, you can refinance from a HDB loan to a bank loan in Singapore. The process is hassle free and involves no upfront costs as long as your outstanding loan amount is above $250,000. Income documents such as payslips, monthly CPF contributions, your latest IRAS Notice of Assessment and a signed application form will need to be submitted to your preferred bank.