Managing Your Existing Home Loan
Your home loan is one of your biggest financial commitments. Let us help you manage it better.
Managing Your Existing Home Loan
Reprice Your Loan
Reprice your existing DBS Home Loan to enjoy greater interest savings or switch to a loan package that best suits your current need.
Repricing Packages
We offer a suite of repricing packages, comprising of fixed and floating rates that are pegged to 3M Compounded SORA. Click “Reprice My Loan” button, to log in and view our latest rates.
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.
Documents Required
Effective 13 August 2023, with the cessation of concession on Total Debt Servicing Ratio (TDSR)/Mortgage Servicing Ratio (MSR), supporting documents are now required for us to process your repricing application.
The type of documents required will be dependent on your usage of the property.
Before you submit your repricing application, kindly ensure that you have consolidated all the documents listed here and maintain an active Internet Banking.
Click here to update your contact details.
Repricing fees and prepayment charges (for loans within lock-in period) may apply. For fees and charges please click here.
Loan Calculator
Find out how much you could save if you reprice or the estimated revised instalment amount when you make a partial repayment .
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.
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 update your CPF monthly repayment amount, you can do so via the CPF website with your Singpass. Steps to do so are available here.
Updating 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.
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.
Selling Your Property
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.
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. 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.
Your instruction will only be processed upon the Bank’s receipt of this online request, and we will revert to you within 1 month.
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.
Refinancing To Another Bank
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.
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.
DBS Home Loan Redemption Checklist
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 two 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$300/- per year.
Step 7:
Liaise with your Insurance provider to terminate your Mortgage Insurance policy
Other services
Changing your Loan Servicing Account
For Single Borrowers:
Please submit your request below using our detailed guide here. To check your application status, click on Launch digibot, complete the authentication process and click on Check existing request.
For Joint Borrowers:
Download the Loan Servicing Account Authorization form and mail it to us:
DBS Bank Ltd, Credit Operations (CP No: AH0021)
12 Marina Boulevard, Marina Bay Financial Centre Tower 3,
Singapore 018982
SIBOR transition to SORA
If you have an existing property loan that references to Singapore Interbank Offered Rate (SIBOR), click here to find out more on SIBOR transition to SORA.
Rates & Fees
- View latest SIBOR Rates
- View latest SORA Rates
- View latest Adjustment Spread (Retail) for SORA Conversion Package (for existing SOR accounts)
- Fixed Deposit Home Rate (FHR)
The Fixed Deposit Home Rate is calculated based on the prevailing fixed deposit interest rate of DBS Bank for amounts as stated in the Letter Of Offer. The prevailing S$ fixed deposit rates can be found here. - Home Loan Fee Schedule
Click here for the full list of DBS Home Loan Fees and Charges.
Promotions
| Refer-a-Friend for a DBS Home Loan | |
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| Are you an existing DBS 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! |
Your Loan Accounts and Statements
We have upgraded our systems to serve you better. Find out more:
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