DBS Easy Switch Loan for new launches
Start with a Fixed Deposit Home Rate (FHR), switch to SORA when it suits you
Exclusively for Building Under Construction (BUC) properties only
Love what you saw at the showflat and ready to secure a unit? We know finding the right home loan is a crucial first step towards achieving your dreams, especially in today’s high inflation and fluctuating interest rate environment.
With DBS Easy Switch Loan, you don’t just start with our FHR6 package – you also get the advantage of locking in a 3M SORA rate upfront.
This means you can enjoy more predictable repayments as your new home is constructed. Plus, having the flexibility to switch to your pre-determined 3M SORA rate any time before Temporary Occupation Permit (TOP) issuance should market conditions change.
With DBS Easy Switch Loan, you don’t just start with our FHR6 package – you also get the advantage of locking in a 3M SORA rate upfront.
This means you can enjoy more predictable repayments as your new home is constructed. Plus, having the flexibility to switch to your pre-determined 3M SORA rate any time before Temporary Occupation Permit (TOP) issuance should market conditions change.
Why choose DBS Easy Switch Loan?
More flexibility with 2 free conversions
- First conversion: to a pre-determined 3M SORA package before TOP issuance
- Second conversion: to a prevailing package of your choice after TOP issuance
Real-World BUC Savings
See how a buyer leverages free conversions to lower rates during and after construction.Scenario: Taking advantage of favourable rates with DBS Easy Switch Loan
John is planning to purchase a new condominium unit. He speaks to our Home Advice Specialist and takes up the DBS Easy Switch Loan for his new property.
John enjoys the best of both worlds – predictable repayments and the flexibility of a free conversion to a pre-determined 3M SORA package before TOP.
Before TOP
John monitors interest rate movements and notices that the 3M SORA rate has fallen more than the 6-month SGD fixed deposit rate, which his loan is currently pegged to.
To enjoy a lower home loan rate, he approaches the Bank to exercise his free conversion to the pre-determined 3M SORA package.
After TOP
John moved into his new home and leverages on his second free conversion to reprice his loan to pricing packages specially curated for completed property loans.
John is planning to purchase a new condominium unit. He speaks to our Home Advice Specialist and takes up the DBS Easy Switch Loan for his new property.
John enjoys the best of both worlds – predictable repayments and the flexibility of a free conversion to a pre-determined 3M SORA package before TOP.
Before TOP
John monitors interest rate movements and notices that the 3M SORA rate has fallen more than the 6-month SGD fixed deposit rate, which his loan is currently pegged to.
To enjoy a lower home loan rate, he approaches the Bank to exercise his free conversion to the pre-determined 3M SORA package.
After TOP
John moved into his new home and leverages on his second free conversion to reprice his loan to pricing packages specially curated for completed property loans.
What’s the difference between FHR6 and 3M Sora?
FHR6 | 3M SORA | |
| What is it? | FHR6 FHR6 or Fixed Deposit Home Rate is a loan package that’s pegged to our bank’s 6-month Fixed Deposit interest rate. | 3M SORA 3M SORA or Singapore Overnight Rate Average is the volume-weighted average rate of actual borrowing transactions in the unsecured overnight interbank SGD cash market in Singapore, published in the last 3 months. |
| Type of interest rate | FHR6 Floating; rate changes are based on the discretion of the bank, in response to market conditions. | 3M SORA Floating; based on overnight interbank borrowing rates and fluctuations are in response to changes to central bank policies and economic factors. |
| When and where is it published? | FHR6 S$ Fixed Deposit rates are published on our website here | 3M SORA SORA rates are published daily on the (MAS) website at 9am. |
How does FHR6 and 3M SORA compare over the last 48 months?