#Save1percent interest when you switch to POSB home loan

Plus, receive a cash gift of S$888 when you share this deal with your friends

HDB Home Loan

Ever since you have your own home, do you find that you’ve been spending more and saving less?
If this is how you are feeling, let us share with you one way to save some money.

  • Save 1% p.a.* on your home loan interest

You currently pay 2.60% p.a. with HDB concessionary loan. By switching to POSB home loan, you could save up to 1% p.a. in interest. With POSB home loan, your interest rate will be:

Computed as
Interest rateSpreadReference rate
1.60% p.a.+1.35% p.a.FHR9
(Currently at 0.25%)

FHR9 stands for Fixed Deposits Home Loan rate. It means that your home loan rate is pegged to our Singapore Dollars 9 months fixed deposit interest rate for amounts within S$1,000 to S$9,999.

Most of you repay your home loan using CPF funds. Do you know that this 1% savings could translate to much more?

Every dollar you save will enjoy the power of compounding at 2.50% p.a. in your CPF Ordinary Account. This is a way for your savings to grow, even faster than you could imagine.

Here’s how much you could save:

 Interest savings you could enjoy
Loan amountYou currently pay:With POSB home loan,
you could be paying:
Over a year1Over 10 years2Over 20 years2


1 Interest savings are estimated based on 1.60% p.a. interest rate for a 25-year loan, compared to HDB concessionary loan rate of 2.60% p.a.

2 Interest savings is compounded at 2.5% p.a. (CPF Ordinary Account rate) in your CPF Ordinary Account)

Click here to calculate your savings when you switch to a POSB Home Loan.

Seamless switch

  • Switch free-of-charge as we will absorb your legal and valuation fee
  • Enjoy flexibility to pay down your loan anytime.
  • If you have been repaying your HDB loan using CPF funds, this arrangement will continue with POSB home loan.

Plus, receive S$888 cash gift when you switch your home loan to us, and share your experience on this #save1percent deal with your friends on Facebook or Instagram

Apply Now

Terms and Conditions

  • Valid for new loan for HDB residential properties applied directly to us.
  • The S$888 cash gift is applicable if you share this deal via social media before signing your loan. It is non-exchangeable, non-transferable and non-replaceable.
  • Rates indicated are subject to change without prior notice.
  • DBS may change these terms or suspend or terminate the promotion without giving any notice.
  • You consent to our collection, use and disclosure of your personal data by/to third parties for the purpose of the promotion. You agree to be bound by the terms of the DBS Privacy Policy, a copy of which can be found on www.dbs.com/privacy.

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