Refinance Your Private Property Home Loan With No Upfront Costs

Maximise your savings by refinancing your private home loan to a lower mortgage rate in Singapore. Get bank subsidies and cash rewards and enjoy no upfront fees.

Exclusive Rewards

Bank Subsidies

Up to $3,500

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%

Get the Lowest Refinancing rates

As we have close working relationships with all major banks in Singapore and have a network of over 50 mortgage bankers, we are constantly updated with special refinance packages. Our mortgage consultants strategise to get you the best refinance package with your desired bank.

save during notice period

Refinancing your private home loan means having to serve a notice period of usually 3 months with your existing bank before your loan is brought over to a new bank. Reduce your interest costs during this period with our cash rewards offered in addition to the rewards provided by the bank you refinancing over to.

access Professional insights

Be informed global and local interest rate movements, and get advice on mortgage interest rate types (fixed or floating) with lowest risk in the long term. Our consultants analyse macro-economic factors and international interest rate trends to provide a logical and rational conclusion to recommend the best refinance package for you.

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

Let's go

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What to know about refinancing your private home loan

Which bank has the best refinancing home loan in Singapore?

The best home loan for a refinancing in Singapore is usually dependent on your loan amount and the amount of deposits or savings that you have with a specific bank. If you have most of your funds with a certain bank, the chances of getting the best home loan refinancing rate is very high. But do note that banks are competitive and are hungry for your business. Therefore, do check with a DollarBack Mortgage consultant on the best bank for the cheapest home loan refinance rates.

When should I refinance my home loan?

The most common tip to refinance your home loan is after the teaser period of your existing home loan (usually 2 to 3 years from your first monthly instalment). Interest rates increase after the teaser period and do take note to start your refinancing process 3 months before your lock in period (if any) ends.

How long does it take for my home loan refinancing to be approved?

Usually within 2 to 3 working days. If a certain bank is facing a very high number of applications due to a very attractive refinance package, approval can take up to 5 working days.

What are the costs for a home loan refinancing?

The usual upfront costs for a home loan refinance are legal fees within the range of $1,800 to $2,300 depending on your loan amount and valuation fees which differ for different banks. You will be informed upfront of all legal and valuation fees together with cash rewards enjoyed by our mortgage consultants.

How soon will I receive my cash rewards?

Cash rewards from DollarBack Mortgage will be made via a bank transfer within 1 month from signing of the home loan letter of offer from a bank. Any rewards from the bank in the form of cash or subsidies will be as per the terms and conditions in the letter of offer which will be informed to you by our mortgage consultants.

Should I refinance or reprice my home loan?

Comparing between a refinancing vs repricing for your home loan depends on 2 key factors, the interest rate package offered and the upfront fees applicable. Usually, banks offer subsidies and cash rewards to fully offset all upfront costs for a refinancing while repricing almost all the time has fees within the range of $800 to $1,000. Also, a repricing takes 1 month to be effective while a refinancing usually is around 3 months. Therefore, you should refinance if there are no upfront fees applicable and the interest savings enjoyed by refinancing exceeds a repricing over a longer period.

Will home loan rates be going down in 2021?

Yes, home loan rates have decreased in 2021 and are expected to remain low atleast for the next 3 to 4 years. Lending rates in Singapore are closely tied to the US Federal Reserve rates and with the US Fed committing to keep their rates at 0% for the longer term, we can expect to enjoy lower home loan rates in 2020 and beyond in Singapore.