Mortgage Refinancing Wizard

Current Loan Details

Loan Options

Contact Information

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Step 1 2 3 4 5
Bank Name

e.g. UOB, DBS, HSBC

Which bank is currently servicing your loan?

Property Type

Loan Packages differ between HDB and Private Property.

What is your property type?


Current Loan Details

If you know your current loan rates and years left, we'll be able to show you exactly how much you stand to save with the currently available loan options. Even entering approximate values will help give you a good indication.

What is your current interest rate?

  %
I don't know my current interest rate


What is your remaining loan period (in years)?


Lock-in Period

If you are currently locked in, please check with your bank if there are any penalties for full redemption (i.e. changing to another bank)

Are you currently locked in?



Loan Amount

Your remaining loan amount is the outstanding amount you have to pay back on your loan. (Initial Loan amount – Principal repaid). The minimum amount for Refinancing Loans is $100k.

What is your remaining loan amount?

$
e.g. 300000, 100k, 1.2m

Continue to Step 2 »
Lock-in Period

Lock-in packages tie you down contractually to prevent you from switching banks for the duration of the contract. Lock-in periods typically vary from 1-3 years. The longer your lock-in period, the lower the interest rates.

Are you ok with being locked in to potentially enjoy lower rates?


Fixed Rates vs Floating Rates

Fixed rates means the interest rates are fixed to certain values and will not change for the period which it is fixed for.

Floating rates can fluctuate from month to month.

In Singapore, floating rates packages are usually pegged to Sibor rates. The Sibor rate is the rate at which banks lend to each other (bank’s cost price). Floating rate packages have additional percentage above the Sibor rates, known as the spread. The lower the spread, the better.

If you expect interest rates to rise during the next 2-3 years,you should take a fixed rate package. If you expect it to fall, floating rates may be more advantageous. If you are not one to regularly monitor the market, fixed rates would offer you peace of mind and you can rest assured of your monthly payment amounts.
more »

Are you interested in a fixed or floating rate package?


Loan Tenure

Your Loan Tenure is the full duration of your loan. The maximum tenure is 30 years or until you turn 65, whichever is lower. Short loan tenures mean you pay less overall interest but incur higher monthly payments. Long Loan Tenures mean you incur lower monthly payments but will have to pay more overall interest.

Please select your Loan Tenure

Interest Offset

Some banks allow you to offset your interest by opening a current account with the same bank. By depositing some savings into this account every month, you can use the interest generated from this account to offset your mortgage interest.

Because it’s a current account, your money is not locked in and you are free to withdraw it at any time.

*Not all banks offer Interest Offset Schemes.

Are you interested in Interest Offset Schemes?


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What you’ll see next

What others are saying

  • "Best service I’ve come across. Keep it up!"

    Rajendran Saravanaprakash

  • "This is a very useful home loan comparison table. Save time going to each bank and check!"

    Wee Yam Hee

  • "Good starting point and information on the various parameters - useful and easy to understand."

    Watt Wai Mei

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What others are saying

  • "Best service I’ve come across. Keep it up!"

    Rajendran Saravanaprakash

  • "This is a very useful home loan comparison table. Save time going to each bank and check!"

    Wee Yam Hee

  • "Good starting point and information on the various parameters - useful and easy to understand."

    Watt Wai Mei

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