When can I reprice my loan, and am I eligible?

You can reprice your loan up to 4 months before your commitment period ends. To apply online, your loan balance must be at least S$100,000 and your remaining tenure must be more than 5 years. Need help? Contact us .

Can I make a partial repayment when repricing my loan?

Yes. You can make a partial repayment when you apply to reprice your loan. After submitting your application, tell your designated Relationship Officer. Repayments made during the commitment period may incur prepayment charges and/or fee clawbacks.

Can I change my loan tenure when repricing?

Yes. You can indicate this in your repricing application. Tenure changes are subject to approval and regulatory requirements. We’ll review your request and get back to you.

When will my new repriced rates take effect?

Your new repriced rates can take effect either: 1 month from the date of acceptance; or when your commitment period ends. If you prefer the second option, inform your Relationship Officer during your application. The effective date must be a business day (Monday to Friday, excluding public holidays).

How will I know my monthly instalment after repricing?

Once your repriced rates take effect, we’ll send a change in instalment letter to your registered mailing address.

What happens if I do not meet TDSR requirements?

You can still reprice your loan, but you’ll need to repay at least 3% of your outstanding loan amount. You can make this repayment as: a one-time payment before your repricing takes effect; or instalments over 36 months.

Reprice your existing POSB home loan

Apply now

Overview

Benefits

Pricing and fees

Process to reprice your loan

Required documents

FAQ

Reprice your existing POSB home loan

Repricing your POSB Home Loan means switching to a new loan package with us. You may enjoy potential mortgage savings with a new loan package.

Why reprice with POSB?	Market conditions may turn in your favour so you may enjoy a lower interest rate and reduced mortgage repayments when you reprice your POSB Home Loan. This gives you the flexibility to assess your financial goals and customise your home loan package according to your budget and needs.
Option to revise outstanding loan tenure	You have the option to revise your outstanding loan tenure -- subjected to approval and fulfilment of regulatory guidelines.

How much can I save by repricing?

Whether you reprice or refinance your home loan, you may incur some fees while serving a notice period. Read the comparison table below to help you with your decision.

	Reprice with POSB	Refinance with another financial institution
Legal and valuation fees Fees stated are estimated based on HDB flats.	Reprice with POSB -	Refinance with another financial institution S$3,000 and above
Administration fee	Reprice with POSB About S$800	Refinance with another financial institution -
Early redemption fee If you exit your loan during lock-in period.	Reprice with POSB Approximately 1.5% of your outstanding loan amount	Refinance with another financial institution Approximately 1.5% of your outstanding loan amount
Approval process and notice period	Reprice with POSB About 4-5 weeks	Refinance with another financial institution About 9-13 weeks

Understanding your repayment amount and potential savings is a pivotal step. Use our Repayment Calculator to calculate your potential savings and get a quick estimate effortlessly.

Pricing and fees

We have a range of fixed and floating repricing rate packages available based on your outstanding loan amount and remaining loan tenure.

View repricing rate packages	Apply now You may view the available repricing rate packages when you apply for repricing.
Fees and charges	For the full list of associated costs, please refer to POSB Home Loan Fees and Charges.

Process to reprice your loan

Check your home loan commitment expiry dateYou may view your home loan’s commitment period expiry by clicking into your home loan account on digibank. We recommend exploring repricing options with us 3-4 months before your current loan's lock-in period ends.

Submit your repricing application onlineChoose a loan package that suits your needs and submit your application in minutes. If we require more information, our home loan specialist will reach out to you.

Total Debt Servicing Ratio (TDSR) assessmentThis applies to investment properties, properties with mortgage withdrawal loans and commercial properties. Please submit your income documents for assessment.

Receive letter of variationOnce your loan is approved, you will receive a letter of variation via email for your acceptance.

Accept loan offerOnce you accept the loan offer, we will email you the letter of acceptance. Your revised rate package will take effect on the date stated in the letter.

Required documents

Please ensure that you have the following:

DBS/POSB savings account for loan repayments

DBS/POSB digibank access

Additional documents for repricing

View here

Frequently asked questions

Still need help?

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Reprice your existing POSB home loan

Reprice your existing POSB home loan

Why reprice with POSB?

Option to revise outstanding loan tenure

How much can I save by repricing?

Reprice with POSB

Refinance with another financial institution

Pricing and fees

View repricing rate packages

Fees and charges

Process to reprice your loan

Required documents

Frequently asked questions

Still need help?

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