Important notice: From 7 December 2022, the Fixed Deposit Home Rate (FHR) will be revised. Click here for more details.​

Understanding Your Loan Repayments

Monthly Repayments

Go towards paying down the principal and interest. They are payable from your loan servicing account on:

1ST of every month for private properties 15TH of every month for HDB flats

If the due date falls on a Sunday or gazetted public holiday, the instalment debiting will be made on the next working day.

Using your CPF for Loan Repayments

You can revise your CPF monthly repayment amount via the CPF website with your Singpass. Steps to do so are available here.

  • Private Property
    By 20th of the month for deduction in the following month
  • HDB
    7 working days prior to the deduction on 10th - 13th of the month.

Do note that any difference between the monthly repayment amount and the CPF received would be debited from your loan servicing account.

 

Reprice Your Loan

Explore repricing your existing POSB Home Loan for interest savings or switch to a loan package that best suits your current need. Our repricing packages are as attractive as our new loan packages, as we appreciate our existing home loan customers for staying with us.

We now offer a suite of repricing packages, comprising of home loans pegged to 3M Compounded SORA or Fixed Deposit Home Rate (FHR).

Repricing Packages

Designed for customers who prefer stability and certainty in the monthly instalment.

2-Year Fixed Rate
Year 1 to Year 2 4.25% p.a.
Year 3 and thereafter 3M SORA + 1.00% p.a.
Commitment Period 2-Year Lock-in
Minimum loan amount $100,000

3-Year Fixed Rate
Year 1 to Year 3 4.25% p.a.
Year 4 and thereafter 3M SORA + 1.00% p.a.
Commitment Period 3-Year Lock-in
Minimum loan amount $100,000

4-Year Fixed Rate
Year 1 to Year 4 4.25% p.a.
Year 5 and thereafter 3M SORA + 1.00% p.a.
Commitment Period 4-Year Lock-in
Minimum loan amount $100,000

5-Year Fixed Rate
Year 1 to Year 5 4.25% p.a.
Year 6 and thereafter 3M SORA + 1.00% p.a.
Commitment Period 5-Year Lock-in
Minimum loan amount $100,000
Special feature Waiver of commitment fee when you sell the property after 36 months

Designed for customers who prefer market benchmark rate, i.e. 3M Compounded SORA.

3M Compounded SORA + 1.00% p.a.
Year 1 to Year 2 3M SORA + 1.00% p.a.
Year 3 and thereafter 3M SORA + 1.00% p.a.
Commitment Period 2-Year Lock-in
Minimum loan amount $100,000

Designed for customers who prefer an option which references our Fixed Deposit interest rates

3M SORA (3-Month Compounded Singapore Overnight Rate Average) refers to the SORA volume-weighted average rate compounded for 3 months period administered by the Monetary Authority of Singapore, published by the Monetary Authority of Singapore on or about 9:00 a.m, Singapore time, on the first business day of the relevant month or on such other date as we may determine.

Repricing your home loan is easier and faster, compared to refinancing your loan with another bank. Find out more here.

To learn more about fixed and floating rate packages, please click here.

After approval of your repricing request, you could now accept the offer online if all borrowers (including sureties) have a registered mobile number, email address and active Internet Banking with us. Click here to update your contact details.

Reprice my Loan

Repricing fees and prepayment charges (for loans within lock-in period) may apply. For fees and charges please click here.

 

Partial Repayment

Make an ad-hoc repayment to reduce your outstanding loan balance.

  • Minimum amount is S$10,000, in multiples of S$1,000.
  • Deduction date will be one month after the partial repayment request has been submitted.
  • Prepayment charges and/or clawback of fees will apply if the repayment is made within the commitment period.
  • For payment in cash, the repayment amount will be deducted from your loan servicing account. For payment using CPF funds, please give your instruction to CPF Board after submission of your request to us, via the CPF website. Steps to do so are available here.
  • Your instalment amount will be revised when you partial prepay while the remaining loan tenure remains unchanged.
  • Upon successful deduction of the partial repayment amount, you will receive a notification letter to inform you of the revised monthly instalment within 2 weeks after the payment deduction date.
  • Please submit your request below using our detailed guide here. To check your application status, click on Launch digibot, complete the authentication process and click on Check existing request.

Launch digibot

What’s next?

You will receive a notification letter to inform you of the revised monthly instalment within two weeks after your partial repayment has been successfully processed. If you wish to revise your CPF monthly repayment amount, please do so via the CPF Website.

 

Loan Calculator

Find out how much you could save if you reprice or the estimated revised instalment amount when you make a partial repayment .

Calculate

 

Redeem Your Loan

For redemption of loan, we will require you to serve a two months’ notice or pay two months’ interest in lieu of notice for early redemption.

Here’s a guide to help you redeem your home loan.

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.


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 working 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.


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.


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.

Note:

  • 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.

Note:
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.

Note:
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 three 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.

Note:

  • 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

 

Other services

 

Changing your Loan Servicing Account

For Single Borrowers:

Please submit your request below using our detailed guide here. To check your application status, click on Launch digibot, complete the authentication process and click on Check existing request.

Launch digibot

For Joint Borrowers:

Download the Loan Servicing Account Authorization form and mail it to us:

DBS Bank Ltd, Credit Operations (CP No: AH0021)
12 Marina Boulevard, Marina Bay Financial Centre Tower 3,
Singapore 018982

 

Rates & Fees

  1. View latest SIBOR Rates
  2. View latest SORA Rates
  3. View latest Adjustment Spread (Retail) for SORA Conversion Package (for existing SOR accounts)
  4. Fixed Deposit Home Rate (FHR)
    The Fixed Deposit Home Rate is calculated based on the prevailing fixed deposit interest rate of DBS Bank for amounts as stated in the Letter Of Offer. The prevailing S$ fixed deposit rates can be found here.
  5. Home Loan Fee Schedule
    Click here for the full list of DBS Home Loan Fees and Charges.
 

Promotions

Refer-a-Friend for a POSB Home Loan

Are you an existing POSB home loan customer?

Receive a TANGS Gift Card (worth up to S$1,000) when you refer your friends and family to take up a new home loan with us.

Click here to learn more!

 

SOR transition to SORA

If you have an existing property loan that references to 3 months Singapore Dollar Swap Offer Rate (SOR), click here to find out more on SOR transition to SORA.

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