Managing Your Existing Home Loan
Understanding Your Loan 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
Revise your monthly repayment amount by applying at CPF website with your SingPass.
- Private Property
By 20th of the month for deduction in the following month
7 working days prior to the deduction on 10th - 13th of the month.
Reprice Your Loan
Reprice by updating your home loan to a latest interest rate package with us.
Step 1: Provide your details and submit documents
Find out how to obtain the documents required here
Step 2: Review and accept your offer
After assessing your details and documents, we will contact you with the details of your repricing offer. This includes an illustration of your new interest rate package and monthly instalments. We will also inform you the repricing fees and prepayment charges (for loans within lock-in period) where applicable.
For fees and charges, please click here
Redeem Your Loan
Selling your property or paying off your mortgage? Here's a guide to help you redeem your home loan.
- Selling your property
We hope you had a good experience with DBS Home Advice. Please appoint a law firm to handle the sale, and to serve the bank 3 months' notice to redeem your loan.
- 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. Leave your contact details here and our Relationship Manager will get in touch with you soon.
Nevertheless, if you would like to proceed to pay off your loan, follow these steps:
Complete and submit this form 3 months before the intended redemption.
Appoint a law firm to discharge this mortgage. The title deed will be returned to you.
- Shifting to another bank Get in touch with us here for an in-depth analysis of your mortgage and we'll propose what's best for you.
Make an ad-hoc repayment to reduce your outstanding loan balance.
- Minimum amount is S$10,000, in multiples of S$1,000.
- Prepayment charges and/or clawback of fees will apply if the repayment is made within the commitment period.
- For payment in cash, the repayment amount will be deducted from your loan servicing account. For payment using CPF funds, please give your instruction to CPF Board after submission of your request to us, via the CPF website. Steps to do so are available here.
Submit your partial repayment request here.
You will receive a notification letter to inform you of the revised monthly instalment within two weeks after your partial repayment has been successfully processed. If you wish to revise your CPF monthly repayment amount, please do so via the CPF Website.
Changing your Loan Servicing Account
Complete the Loan Servicing Account Authorisation form and mail it to us.
Rates & Fees
- View latest SIBOR Rates
- Fixed Deposit Home Rate (FHR)
The Fixed Deposit Home Rate is calculated based on the prevailing fixed deposit interest rate of DBS Bank for amounts as stated in the Letter Of Offer. The prevailing S$ fixed deposit rates can be found here.
- Home Loan Fee Schedule
Item Fee Change in loan tenure $250 Safekeeping of title deed for facility that has been fully repaid $300 per year Request for Statements (per statement)
Previous 2 years
More than 3 years
Administrative fee for use of third-party insurer for property insurance $100 per year
Call us at 6333 0033
Monday to Friday 9am to 5pm
Saturday 9am to 12.30pm