We all want the best for our families. And to give you greater peace of mind, we have enhanced our POSB HDB Home loan to offer you a fixed monthly repayment and a protection coverage against sudden loss of income or unexpected events.

First in Singapore, the enhanced POSB HDB Loan offers you:

1. Fixed monthly repayments over 5 years

No worries about rising interest rate, as your interest rate will be fixed at 2.20% p.a.1 over 5 years. Plus you enjoy interest savings of 0.40% p.a. compared to the HDB Concessionary Loan.

And unlike other fixed rate loan, you enjoy the flexibility to make prepayment or fully redeem your home loan when you sell your HDB flat, without any penalty.

5-Year Fixed Rate Package

Year 1- 5 : Thereafter :
2.20% p.a. FHR8 + 1.25% p.a.

FHR8 refers to POSB Bank's prevailing 8 months Singapore Dollar fixed deposit rate for amounts between S$1,000 and S$9,999 or such other sum as we may specify. It is currently 0.950% p.a.

Receive $2000 cash rebate when you refinance your home loan to us now.1

If you prefer other loan packages, please click here to view all our home loan packages.

2. Protection against sudden loss of income and personal accident3

A home loan requires monthly repayment, and you could lose your repayment ability during a sudden loss of income or an unfortunate event.

With POSB HDB Loan, you enjoy Home Payment Care which helps you pay for your home loan repayments and receive other payouts as follow:

Event Benefit Amount
Involuntary Loss of Employment Up to 3 monthly home loan repayments, capped at S$2,500 per month

Continuously unemployed for at least 60 calendar days. No claim within the first 30 calendar days of loan disbursement.
Accidental Death Benefit Up to S$30,000
Accidental Permanent Disability Benefit Up to S$30,000

Specially arranged with Chubb Insurance Singapore Limited, Home Payment Care provides you with 6-month coverage for a new purchase or refinance of a completed HDB flat. Click here for product information.

Apply Now

Terms and Conditions

  1. Minimum loan amount of $200,000 to enjoy the cash rebate. Interest savings are computed based on the current HDB Concessionary Loan rate of 2.60% p.a.
  2. This is only valid for direct online applications without third party referrals, applied by 30 September 2019.
  3. This promotion is effective from 28 February 2019. Home Payment Care is underwritten by Chubb Insurance Singapore Limited (“Chubb”) and distributed by DBS Bank Ltd. It is not an obligation of, deposit in or guaranteed by DBS. This is not a contract of insurance. Full details of the terms, conditions and exclusions of the insurance are provided in the product summary and will be sent to you by Chubb upon first release of your housing loan by DBS.

    The coverage is effective from the date of first release of your housing loan and terminates automatically at the end of the 6-month period.

    This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation ("SDIC"). For more information on the scheme, please visit the General Insurance Association or SDIC websites.
  4. DBS will have the final decision on all matters regarding the promotion.
  5. DBS may change these terms or suspend/terminate the promotion without giving notice.
  6. You consent to DBS’ collection and use of your personal data and the use and disclosure of your personal data by/to third parties for the purpose of the promotion. You agree to the terms of the DBS Privacy Policy, a copy which can be found at www.dbs.com/privacy.


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