Selling Your Property

We hope you had a good experience with DBS Bank. Please appoint a law firm to handle the sale, and to serve the bank 2 months’ notice to redeem your loan. Do note that all legal fees are to be borne by you.

Buying a new Property

Have you considered getting a new loan for your property? Our Home Advice Specialists will be happy to introduce attractive promotional packages for your new home. Please leave your contact details here and we will be in touch.

Review Your Existing Home Loan

If you wish to review your existing home loan with us, please leave your contact details here and we will be in touch.

Paying Off Your Mortgage

Have you considered harnessing the potential of your liquidity for maximum returns? Instead of paying off your mortgage, you may want to invest your funds in other DBS products that could earn you higher returns. Get in touch with us and our Relationship Manager will reach out to you soon.

Nevertheless, if you would like to proceed to pay off your loan, follow these steps:

Step 1:

Submit your notice online, fully assisted by our digibot. You would need to authenticate yourself via:

  • Digibank User ID and PIN, OR
  • ATM, Debit or Credit Card Number and PIN.

Please note that you will need to serve a 2-months loan redemption notice to the bank. While serving loan redemption notice, your monthly instalment will continue. For repayment using CPF funds, please do so via CPF website using our guide here.

Launch digibot

Your instruction will only be processed upon the Bank’s receipt of this online request, and we will revert to you within 14 days.

Click here for a detailed guide on the application process. To check your application status, click on Launch digibot, complete the authentication process and click on Check existing request.

Step 2:

Appoint a law firm to discharge the mortgage. The title deed will be returned to you.

For more details on fees and charges, please click here.

Refinancing To Another Bank

We are sad to know that you are thinking of switching to another bank. We would like to connect with you to see how we could better serve you. Please touch base with us.

Get In Touch

Review Your Existing Mortgage

Repricing your home loan is easier and faster, compared to refinancing your loan with another bank. If you wish to review your existing home loan with us, please contact us here.

DBS Home Loan Redemption Checklist

Process varies if you are selling or refinancing your property. Please refer to the redemption request above for more information.

Step 1:

Submit redemption request via our digibot or appoint a law firm to serve 2 months’ written notice to the bank to redeem your loan or payment of two (2) months' interest in-lieu of notice.


  • All legal fees shall be borne by you if the law firm you engaged is not from DBS's working panel.
  • Commitment fee and cancellation fee will be applicable if your loan is within the lock-in period. Kindly check your Letter of Offer for any applicable fees/refunds to be made to the Bank.

Step 2:

Receive a letter on projected redemption amount within two weeks after your redemption has been successfully processed.

Re-scheduling of the completion date will be subject to an admin fee of S$200/-.

Step 3:

For usage of CPF funds for redemption, please provide instructions to transfer the funds to the bank via the CPF Website at least 5 working days before completion date. If you have been using your CPF funds to service the monthly instalments, please inform CPF board to cease the arrangement.

Step 4:

Ensure that there are sufficient funds in the debiting account for the bank and check that the CPF funds has been transferred to the bank before the completion date.

We will not be able to process your request if:

  • We do not receive your CPF funds by the completion date
  • There are insufficient funds in your loan servicing account on the completion date

A fresh two (2) months' notice will be required if full settlement is not completed after the expiry of the 1st two months' notice.

Step 5:

Receive Discharge of Mortgage letter to inform you the redemption is completed successfully.

Step 6:

Engage a working partner law firm to execute Total Discharge of mortgage, in order to discharge the bank’s interest of your property.


  • All legal fees in connection with the redemption shall be borne by you.
  • Safekeeping of Title Deed for facility that has been fully repaid will be applicable at S$300/- per year.

Step 7:

Liaise with your Insurance provider to terminate your Mortgage Insurance policy