How long is a DBS Private Home Loan In-Principle Approval (IPA) valid for?

It is valid for 30 days from approval date. A Private Home Loan IPA is an assessment of the eligible loan amount based on the affordability of the borrower(s). However, it is not a binding document, and the final loan is subject to the property purchase price, valuation and other checks.

What is the minimum downpayment for a property purchase?

For your first property loan, the minimum downpayment is 25% of the purchase price, of which 5% must be paid in cash. The balance can be paid using your CPF savings.

How do I pay for the monthly instalment of my DBS Private Home Loan?

The monthly instalment amount will be debited from your DBS/POSB loan servicing account on each due date. If you plan to use CPF to service your monthly instalment, inform your lawyer to set up the arrangement.

What happens if my property valuation is lower than the purchase price?

Your loan amount will be calculated based on the lower valuation figure, not the purchase price. You'll need to cover the difference with additional cash beyond your planned downpayment..

Who is eligible for a DBS Private Home Loan and what packages are available?

DBS welcomes both foreign nationals and Permanent Residents (PRs) to apply for home loans in Singapore. We have a range of packages including fixed rate or floating rate packages to suit your financial needs.

What are the basic requirements to apply?

The minimum loan amount is S$100,000 for all applicants. Click here for a list of documents you will need. You must maintain a DBS/POSB savings account for loan disbursement and have digibank access for seamless loan management.

What are the basic requirements to apply DBS Home Loans?

The minimum loan amount is S$100,000 for all applicants. You must maintain a DBS/POSB savings account for loan disbursement and have digibank access for seamless loan management

How long is a home loan in Principle Approval (IPA) valid for?

It is valid for 30 days from approval date. A home loan IPA is an approved loan amount based on the affordability of the borrower. However, it is not a binding document, and the final loan is subject to the property purchase price, valuation and other checks.

What happens if my property valuation is lower than the purchase price?

Your loan amount will be calculated based on the lower valuation figure, not the purchase price. You'll need to cover the difference with additional cash beyond your planned downpayment.

Who is eligible for DBS Home Loan and what packages are available?

DBS welcomes both foreign nationals and Permanent Residents (PRs) to apply for home loans in Singapore. We have a range of packages including fixed rate or floating rate packages to suit your financial needs.

What is the minimum downpayment for a property purchase

For your first property loan, the minimum downpayment is 25% of the purchase price, of which 5% must be paid in cash. The balance can be paid using your CPF savings.

Secure your dream property with DBS Private Home Loan

Enjoy the flexibility of choosing an interest rate package tailored to your financial needs.

Finance your home purchase with a variety of competitive rate packages

Get up to S$1,200 worth of shopping voucher rewards

Apply conveniently online and get a pre-approval within minutes

DBS Home Loan Exclusive

Get up to S$4,000 in cash or shopping vouchers for home purchase or refinance.

Apply now Speak to a Home Advice Specialist!

Alternatively, call 6333 0033 to speak to our friendly Home Advice Specialist, available Monday to Friday, 9am to 6pm (excluding public holidays).

Secure your dream property with DBS Private Home LoanDBS Home Loan Exclusive

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Overview

Benefits

Pricing (completed properties)

Pricing (BUC properties)

Promotions

How to apply

FAQ

Resources

How a DBS Private Home Loan works for you

Eyeing that new launch or resale private property? Depending on your budget and preferred loan tenure, our private home loans provide flexibility that cater to your needs.

For Resale/ Completed Private Properties

We have a range of fixed or floating rate packages available to ensure you have the most competitive rates amidst global economic changes.

Find out more

For New Launches/ BUC Properties

Choose from our floating rate packages for your new dream home or check out the following offers exclusive to Building Under Construction (BUC) properties.

Exclusively for BUC

Cash subsidies when you refinance

Refinancing in from another bank? Don’t worry, we have cash subsidies that can help to offset your legal and valuation fees.

Exclusive rate packages for resale/ completed private properties

With DBS Private Home Loan, you get to choose your rate package.

Fixed rate package Floating rate package DBS Easy Switch Loan

Exclusive rate packages for new launches/ BUC properties

Choose from our range of floating rate packages or find out more about rate packages exclusively for BUC properties.

DBS Green Home Loan DBS Easy Switch Loan (BUC)

Learn more

Explore our promotions designed to enhance your home loan experience

Get your DBS Private Home Loan in 4 easy steps

Not sure where to start? Every property and its purchasing journey is unique, that's why we've crafted a simple step-by-step guide to streamline the process, whether you're a first-time buyer or a seasoned homeowner.

Ensure you have digibank accessBefore you kickstart your home loan application, ensure that you have digibank access for a seamless application journey.

Whether you are new to DBS or POSB or have an existing account, getting your digibank access is as easy as 1-2-3! Simply refer to this guide to get started.

Submit your applicationChoose a loan package that suits your needs and apply in minutes. Refer to this list of documents you’ll need to prepare and ensure you have a DBS/POSB savings account for loan disbursement.

Refer to this list of documents you’ll need to prepare and ensure you have a DBS/POSB savings account for loan disbursement.

Receive Letter of OfferOnce your loan is approved, you will receive a Letter of Offer via email. In instances where we require more information, our Home Advice Specialist will reach out to you.

Accept loan offerAfter you’ve accepted the loan offer, a letter of acceptance will be generated and emailed to you. Congratulations on your approved loan!

Apply now Need assistance? Contact Us

Frequently asked questions

3M SORA: The Singapore Overnight Rate Average (SORA) is an interest rate benchmark, and it reflects the actual transactions between banks, made between 8am and 6.15pm in Singapore.

3M SORA refers to 3M compounded SORA rate which is based on a compounding period of 3 months of the historical SORA rate.

SORA fluctuates on a daily basis, so if you re-taking a housing loan with your interest rate pegged to SORA, your loan repayments will change too.

Find out more on the prevailing 3M SORA Rate.

FHR: FHR refers to Fixed Deposit Home Rate, a reference rate unique to DBS. For example, FHR6 is calculated based on the prevailing 6 months Singapore dollar fixed deposit interest rate of DBS Bank for amounts within S$1,000 to S$9,999.

Find out more on the prevailing FHR.

Get more benefits with these exclusive perks

Stack additional perks with your DBS Home Loan

DBS Renovation Loan

Maximise your savings with an exclusive rate of 3.38% p.a. (EIR 4.49% p.a.) on your renovation loan. That’s 1.7% p.a. lower than our regular rate of 5.08% p.a. (EIR 6.16% p.a.)!

Find out more

myHome Protect II

Get up to S$350,000 coverage for your renovations, home and contents in the event of an accident such as fire.

Get a quote

Multiplier Account

Supercharge your savings today! Finance your home loan with us and unlock higher bonus interest with our Multiplier account.

Find out more

Additional Resources

Discover our suite of tools designed to make budgeting and planning stress-free.

MyHome Planner

Plan your new home loan finances effectively with smart tools. We simplify the home purchase process for you to ensure you find a home within your budget and preferences.

Start planning

Essential Reads for Homeowners

Make confident decisions with our how-to guides and tips.

Browse articles

Resale Home Buying Checklist

We break down the key stages of buying a resale home so you make an informed decision at each step of the way.

Learn more

Apply for an In-Principle Approval

Get an In-Principle Approval (IPA) and find out the maximum loan amount that you can borrow.

Apply now

DBS Home Loan Fees and Charges
For a full list of associated costs, read our DBS Home Loan Fees and Charges.

Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$100,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

Secure your dream property with DBS Private Home Loan

How a DBS Private Home Loan works for you

For Resale/ Completed Private Properties

For New Launches/ BUC Properties

Cash subsidies when you refinance

Exclusive rate packages for resale/ completed private properties

Exclusive rate packages for new launches/ BUC properties

Explore our promotions designed to enhance your home loan experience

Get your DBS Private Home Loan in 4 easy steps

Frequently asked questions

Get more benefits with these exclusive perks

Additional Resources

MyHome Planner

Essential Reads for Homeowners

Resale Home Buying Checklist

Apply for an In-Principle Approval

Download digibank