Switch your HDB home loan to us

Pay lower interest and get a Dyson V8 Fluffy Pro Cord-free vacuum!

HDB Home Loan

Pay less interest, as much as 1% p.a. lower on your home loan

Plus, you could now enjoy a choice between a floating or fixed interest rate.


*The current FHR9 is 0.250%p.a. All rates are quoted on a per annum basis.

Puzzled over floating or fixed interest rate? Click to find out the pros and cons.

Your savings could grow faster

If your loan is with HDB, you are paying 2.60% p.a. interest. By switching to us, here’s how much you could be saving:

Your monthly repayment
Loan amountAt 2.60% p.a.After 1% interest savings
$123 a month/$1,476 a year!

If you repay your home loan using CPF funds, you will be saving much more. Every dollar you save enjoys the power of compounding at 2.50% p.a. in your CPF Ordinary Account, allowing your money in CPF Ordinary Account to grow faster:



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.

Switch to us seamlessly

  • Switch free-of-charge as we will absorb your legal and valuation fees amounting to S$2,000.
  • Continue to use CPF funds to repay your HDB loan.

Switch today and share your experience on this deal to receive a Dyson V8 Fluffy Pro Cord-free vacuum (worth S$1,099)

  • Share your experience on Facebook or Instagram
  • Get at least 8 likes on your post. Email a screenshot of the post with your mobile number to promo@dbs.com by 7 October 2017

Apply Now

Pros and Cons of floating and fixed interest rate:

  1. Floating rate

    Your interest rate is pegged to a reference rate (e.g. FHR9). When the reference rate changes, your interest rate will be revised accordingly. Usually, a floating interest rate is lower than a fixed rate, but it could increase when market interest rate rises. In POSB, we offer FHR9 as our reference rate.

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

    Compared to SIBOR/SOR, fixed deposit interest rates are less volatile and do not change as frequently. With SIBOR/SOR volatility, your monthly repayment amount could change frequently, thus affecting your monthly installment.

  2. Fixed rate

    Your interest rate will remain the same throughout the fixed rate period. The monthly instalment will remain the same throughout the same period. But there is a lock-in period which will be the same duration your rates are fixed for i.e. 2-year fixed means 2-year lock-in.

    If you prepay your home loan during the lock-in period, there will be a fee of 1.5% of the total amount prepaid. So, it is important to choose the right fixed rate period.

    If you plan to sell your flat in the next 3 years, you should select a 2 or 3-year fixed rate package instead of 4-year fixed rate package. 1.5% fee of outstanding loan amount will be incurred if you sell off your flat and have to prepay your loan within the fixed-rate period.

Terms and Conditions

  • Valid for completed HDB flats in Singapore, for a limited period.
  • Dyson V8 Fluffy Pro Cord-free vacuum is non-exchangeable, non-transferable and non-replaceable.
  • POSB 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 POSB Privacy Policy, a copy of which can be found on www.posb.com/privacy.

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