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Refinance HDB Loan

Best HDB loan REFINANCE promotions in singapore

Refinance your HDB loan with a comparison of the best home loan promotions in 2021. Get cash rewards and no enjoy upfront fees to maximise your interest savings.

BE REWARDED

Legal Subsidies
Up to $2,000
DollarBack Cash Reward
Up to $3,300
Compare Rates
BANKLOAN TYPEYEAR 1YEAR 2YEAR 33 YEAR AVGYEAR 4YEAR 5YEAR 6
Limited Promo*3 Year Fixed1.10%
Fixed
1.10%
Fixed
1.10%
Fixed
1.10%1.75%
Floating
1.75%
Floating
1.75%
Floating
Limited Promo*3 Year Fixed1.12%
Fixed
1.12%
Fixed
1.12%
Fixed
1.12%1.75%
Floating
1.75%
Floating
1.75%
Floating
Limited Promo*2 Year Fixed1.05%
Fixed
1.05%
Fixed
1.30%
Floating
1.13%1.30%
Floating
1.30%
Floating
1.30%
Floating
OCBC3 Year Fixed1.15%
Fixed
1.15%
Fixed
1.15%
Fixed
1.15%1.80%
Board
1.80%
Board
1.80%
Board
DBS3 Year Fixed1.18%
Fixed
1.18%
Fixed
1.18%
Fixed
1.18%1.80%
Fixed Deposit
1.80%
Fixed Deposit
1.80%
Fixed Deposit
BOC2 Year Fixed1.10%
Fixed
1.10%
Fixed
1.41%
3M SORA
1.20%1.41%
3M SORA
1.41%
3M SORA
1.41%
3M SORA
Maybank3 Year Fixed1.25%
Fixed
1.25%
Fixed
1.25%
Fixed
1.25%2.75%
Board
2.75%
Board
2.75%
Board
Citibank3 Year Fixed1.26%
Fixed
1.26%
Fixed
1.26%
Fixed
1.26%1.35%
1M SIBOR
1.35%
1M SIBOR
1.35%
1M SIBOR
OCBC3 Year Fixed1.30%
Fixed
1.30%
Fixed
1.30%
Fixed
1.30%1.80%
Board
1.80%
Board
1.80%
Board
Standard Chartered3 Year Fixed1.30%
Fixed
1.30%
Fixed
1.30%
Fixed Deposit
1.30%1.72%
Fixed Deposit
1.72%
Fixed Deposit
1.72%
Fixed Deposit
Hong Leong2 Year Fixed1.28%
Fixed
1.28%
Fixed
1.50%
Board
1.35%2.20%
Board
2.20%
Board
2.20%
Board
UOB3 Year Fixed1.35%
Fixed
1.35%
Fixed
1.35%
Fixed
1.35%1.80%
Board
1.80%
Board
1.80%
Board
Standard Chartered2 Year Fixed1.18%
Fixed
1.18%
Fixed
1.72%
Fixed Deposit
1.36%1.72%
Fixed Deposit
1.72%
Fixed Deposit
1.72%
Fixed Deposit
DBS5 Year Fixed1.40%
Fixed
1.40%
Fixed
1.40%
Fixed
1.40%1.40%
Fixed
1.40%
Fixed
1.80%
Fixed Deposit
DBS5 Year Fixed1.68%
Fixed
1.68%
Fixed
1.68%
Fixed
1.68%1.68%
Fixed
1.68%
Fixed
1.80%
Fixed Deposit
BANKLOAN TYPEYEAR 1YEAR 2YEAR 33 YEAR AVGYEAR 4YEAR 5YEAR 6
Limited Promo*3-month SORA0.83%
0.83%
0.83%
0.83%1.35%
1.35%
1.35%
Limited Promo*Fixed Deposit1.00%
1.00%
1.00%
1.00%1.72%
1.72%
1.72%
DBS3-month SORA0.96%
0.96%
1.16%
1.03%1.16%
1.16%
1.16%
HSBC1-month SORA0.92%
0.92%
1.35%
1.06%1.35%
1.35%
1.35%
Citibank1-month SORA0.92%
0.92%
1.35%
1.06%1.35%
1.35%
1.35%
Standard Chartered3-month SORA0.92%
0.92%
1.37%
1.07%1.37%
1.37%
1.37%
Standard CharteredFixed Deposit1.10%
1.10%
1.10%
1.10%1.40%
1.40%
1.40%
UOB3-month SIBOR1.25%
1.25%
1.25%
1.25%1.25%
1.25%
1.25%
HSBC1-month SIBOR1.25%
1.25%
1.25%
1.25%1.25%
1.25%
1.25%
Maybank3-month SIBOR1.05%
1.05%
1.90%
1.33%1.90%
1.90%
1.90%
OCBC3-month SORA1.41%
1.41%
1.41%
1.41%1.41%
1.41%
1.41%
DBSFixed Deposit1.50%
1.50%
1.80%
1.60%1.80%
1.80%
1.80%

hOW we get you the best HDB REFINANCE Promotions

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 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.

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

Let's go

Common questions for a 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 ECs with the 5 year MOP met are eligible for a cash out loan.

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.

NEED HELP IN REFINANCING YOUR HDB LOAN?

Talk to us and discover the best HDB refinance package for your needs today.

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