Refinance Your HDB Loan and Enjoy Savings
Stuck with a high HDB mortgage rate? Refinancing can help you lower your monthly repayments and free up cash for other goals.
Compare HDB Refinancing Packages
Whether you're buying a BTO, resale flat, or refinancing your existing HDB mortgage, we help you compare all your options and find the best fit for your financial goals.
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Refinance Your HDB Loan in Singapore
Looking to reduce your monthly instalments, unlock better loan terms, or shift from HDB to a bank loan? Refinancing your HDB flat can help you tap into lower interest rates, free up CPF funds, or reset your mortgage to better match your financial goals.
At Ace Mortgage Advisory, we compare HDB refinancing packages from top banks in Singapore — helping you lower your repayments, switch to a fixed or floating rate, or even tap into equity with zero hassle and no hidden costs.
Lower Monthly Instalments
Switching to a bank loan from HDB’s 2.6% concessionary rate — or refinancing your existing bank package — can instantly reduce your mortgage payments, helping you save more each month.
Better Interest Rates
Lock in a competitive fixed or floating rate package (pegged to 3M SORA) from leading banks like DBS, OCBC, UOB, and more — and cut down thousands in total interest over time.
Refinance with Flexibility
If your lock-in period has ended or is ending soon, it’s the perfect time to refinance to a better rate or tenure — often with legal subsidies and no early redemption fees.
Free Up Cash
Refinancing can allow you to restructure CPF and cash usage for more flexible planning — whether it’s for investments, retirement, or renovation needs.
Adjust Loan Tenure
Stretch your loan for lower monthly commitments or shorten it to become debt-free faster. We’ll help you calculate the breakeven point and best-fit structure.
Free Expert Consultation
At Ace Mortgage, we offer free, unbiased advice. We explain the pros and cons of both HDB and bank loans — and help you secure the best deal based on your property goals, eligibility, and financial situation.
Latest HDB Loan Refinance Packages in Singapore
Thinking about refinancing your HDB home loan? Whether you’re switching from an HDB concessionary loan to a bank loan — or refinancing your current bank mortgage for better terms — comparing the latest rates and packages can help you save thousands in interest over time.
Today’s HDB flat owners have access to a full range of refinancing solutions from major banks in Singapore.
Depending on your financial goals, you can choose from:
✅ Fixed-rate packages for stability
✅ Floating SORA-based rates for interest savings
✅ Hybrid options to balance flexibility and risk
✅ Cash-out refinancing to unlock equity from your flat (for eligible cases)”
Whether you’re aiming to lower your monthly instalments, shorten your loan tenure, or free up CPF or cash, refinancing is one of the most powerful tools to take control of your home loan journey.
🔒 Fixed Rate Refinancing Packages
Compare Fixed Rate HDB Refinance Packages (June 2025)
| Bank | 2-Year Fixed Rate | 3-Year Fixed Rate |
|---|---|---|
| DBS Bank | 2.50% p.a. | 2.55% p.a. |
| OCBC Bank | 2.55% p.a. | 2.60% p.a. |
| UOB Bank | 2.58% p.a. | 2.63% p.a. |
| Maybank | 2.53% p.a. | 2.58% p.a. |
| HSBC Singapore | 2.54% p.a. | 2.59% p.a. |
💡 Who This Is For:
HDB flat owners looking to refinance from an older HDB concessionary loan or previous bank loan and who prefer stability and certainty in their repayments.
Fixed-rate refinancing is ideal for homeowners who want to lock in predictable monthly payments for the next 2–3 years — especially in times of fluctuating interest rates or economic uncertainty.
👍 Key Benefits:
✅ Predictable Monthly Repayments
No surprises. Your monthly instalments remain the same for the fixed period — ideal for budgeting and financial planning.
✅ Protection from Rising Interest Rates
Locking in now protects you from future SORA fluctuations and global rate hikes.
✅ Peace of Mind for Families
Perfect for flat owners with tight budgets, young families, or retirees who want financial stability.
✅ Good Entry Point After Lock-In Expiry
If your current loan has just passed its lock-in period, this is a great time to switch to a fixed package and start fresh.”
🌊 Floating Rate Refinancing (3M SORA Pegged)
Compare Floating Rate HDB Bank Loan Packages (3M SORA Benchmark) (June 2025)
| Bank | Floating Rate (3M SORA + Spread) | Estimated Effective Rate | Lock-In Period |
|---|---|---|---|
| DBS Bank | 3M SORA + 0.80% | ~3.67% p.a. | 2 years |
| OCBC Bank | 3M SORA + 0.80% | ~3.67% p.a. | 2 years |
| UOB Bank | 3M SORA + 0.85% | ~3.72% p.a. | 2 years |
| Maybank | 3M SORA + 0.75% | ~3.62% p.a. | 2 years |
| HSBC Singapore | 3M SORA + 0.78% | ~3.65% p.a. | 2 years |
💡 Who This Is For:
HDB homeowners who are confident managing a bit of interest rate movement in exchange for lower starting rates and potential long-term savings.
Floating rate refinancing is especially popular among financially savvy homeowners who actively track rates or plan to refinance again in a few years.
👍 Key Benefits:
✅ Lower Initial Interest Costs
Floating packages typically offer lower rates than fixed packages at the start — helping you reduce monthly repayments immediately.
✅ Transparent, MAS-Endorsed Benchmark
SORA (Singapore Overnight Rate Average) is regulated by MAS and updated daily, so you always know how your interest is calculated.
✅ Refinancing Flexibility
Many banks allow internal repricing after the lock-in, giving you options without switching banks again.
✅ Great for CPF-Heavy Borrowers
Floating loans are popular with those using CPF for instalments, as the interest savings can be maximized without out-of-pocket costs.”
🛠️ Hybrid Refinance Options (Fixed + Floating Combo)
Compare Hybrid Refinancing Packages for HDB Loans in Singapore (June 2025)
| Bank | Fixed Component | Floating Component | Lock-In Period | Special Feature |
|---|---|---|---|---|
| DBS Bank | 50% at 2.50% p.a. | 50% at 3M SORA + 0.80% (~3.67%) | 2 years | DBS "Two-in-One" Refinance Loan |
| HSBC Singapore | 60% at 2.55% p.a. | 40% at 3M SORA + 0.75% (~3.62%) | 2 years | Custom split with early repricing option |
| UOB Bank | 50% at 2.58% p.a. | 50% at 3M SORA + 0.85% (~3.72%) | 2 years | Available upon request |
📌 Hybrid loans are subject to borrower profile and may require higher minimum loan amounts or private client status at some banks.
💡 Who This Is For:
HDB homeowners who want the best of both worlds — rate stability and potential interest savings — without locking fully into either a fixed or floating package.
Hybrid loans are ideal for borrowers with mid- to long-term refinancing plans, who prefer smoother repayment management while staying open to market dips.
👍 Key Benefits:
✅ Balance Risk and Flexibility
Protect half of your loan from rising rates while letting the other half benefit from potential market declines.
✅ Smooth Cash Flow Management
Enjoy the predictability of fixed rates on a portion of your loan, which helps with budgeting and stability — especially for families.
✅ Built-In Repricing Strategy
Most banks allow internal repricing or full refinancing after the lock-in period, letting you switch once the market becomes more favorable.
✅ Customizable Loan Split
Some banks offer flexibility to tweak the fixed/floating ratio (e.g. 70/30 or 60/40), depending on your financial strategy.
🏗️ Cash-Out Refinancing Options (Unlock Home Equity)
If you’ve owned your HDB flat for a few years and built up substantial equity, cash-out refinancing allows you to tap into your property’s value — without selling your home.
While cash-out refinancing is typically more common with private property, some banks now offer limited equity-term loan options for HDB owners, especially if your loan is fully or mostly paid off and you’re not under CPF housing grants or ownership restrictions.
✅ What Is Cash-Out Refinancing?
Cash-out refinancing lets you borrow against your home’s appreciated value, offering a lump sum that you can use for:
🚗 Major purchases (e.g. car, wedding, family needs)
🏡 Renovations or upgrading works
💸 Debt consolidation (e.g. clearing high-interest personal loans)
📈 Property investment or business capital
This lump sum is packaged as a term loan, and repayments are added alongside your main mortgage — typically over a separate tenure.
💡 Key Benefits:
✅ Leverage Your HDB Equity Without Selling
Access funds while continuing to live in your flat — no need to downgrade or sell.
✅ Lower Interest Than Personal Loans
Cash-out loans are secured by property, so rates are usually 3–5× lower than personal loans or credit cards.
✅ No Disruption to CPF Usage
Continue using CPF to service your mortgage; term loan repayments typically require cash only.
✅ Ideal for Owners with Low Outstanding Loans
Best suited if you’ve repaid a large portion of your HDB loan and your flat has appreciated in value.”
⚠️ Important Eligibility Notes:
- Only applicable to fully or mostly paid-up HDB flats
- May not be available for owners with CPF grant encumbrances
- Not all banks offer this for HDB; private properties are more commonly accepted
- Approval is based on TDSR (Total Debt Servicing Ratio) and property valuation
🟢💬 Not Sure If You Qualify?
At Ace Mortgage Advisory, we’ll assess your refinancing eligibility, review your current mortgage, and advise whether a cash-out term loan is possible — or whether alternative solutions (e.g. restructured financing or CPF optimization) make more sense.
💼 Costs Involved in Refinancing (Legal, Valuation, Subsidies)
While refinancing your HDB loan can lead to thousands in long-term savings, it’s important to understand the upfront costs involved — and how many of them are often covered by banks through subsidies.
Here’s a breakdown of what to expect when refinancing your HDB home loan in Singapore.
💰 Typical Refinancing Costs
| Item | Estimated Range | Description |
|---|---|---|
| Legal Fees | $1,800 – $2,500 | Paid to a law firm to process the new mortgage title with your bank |
| Valuation Fee | $150 – $250 | HDB flat valuation by a licensed valuer appointed by the bank |
| Fire Insurance | ~$100 (varies) | Required by most banks for HDB mortgage coverage |
| Disbursement Fees | $200 – $400 | Stamp duty, search fees, and other minor processing fees |
✅ Good News — Most Banks Offer Subsidies
To attract refinancing customers, banks commonly offer:
💸 Legal Subsidy (up to $2,500)
🧾 Valuation Subsidy (up to $500)
🆓 Free Fire Insurance (first year)
✅ These subsidies are often bundled into promotional packages — meaning you can refinance with minimal to zero cash outlay.
💡 Tips to Maximize Subsidies
- Refinance after your lock-in period ends to avoid early redemption penalties
- Compare banks — not all subsidies are equal; some include clawback clauses if you refinance again within 3 years
- Use a recommended law firm on the bank’s panel to ensure full subsidy coverage
🧠 Key Reminder: Watch for Clawbacks
If you refinance again or redeem your loan within 3 years of receiving subsidies, most banks will require you to repay the subsidy (known as a clawback). Always plan your refinancing window accordingly.
🟢💬 Want a No-Obligation Cost Breakdown?
At Ace Mortgage Advisory, we’ll help you:
✅ Calculate your total refinancing cost
✅ Apply eligible subsidies and waivers
✅ Ensure no hidden fees surprise you later
⏰ When Should You Refinance? (Timing & Tips)
Timing your refinance well can make the difference between a small win and massive long-term savings. Whether you’re nearing the end of your lock-in or already paying higher-than-market interest, here’s how to know when it’s time to switch.
✅ 1. Your Lock-In Period Is Ending (or Has Ended)
Most HDB bank loans have a 2–3 year lock-in period. Once this ends, you’re free to refinance without penalties — and may even enjoy:
💸 Legal subsidies for switching
📉 Lower interest rates (especially if you were on older packages)
🔁 Free repricing or conversion to better rates
Tip: Start your refinance process 3–6 months before your lock-in ends to avoid delays.
✅ 2. Your Current Interest Rate Is Above Market Rates
If you’re paying above 3.0% (or anything significantly above current SORA-based packages), it’s time to compare:
2025 floating packages average ~3.60–3.70%
Fixed packages range ~2.50%–2.65%
Even a 0.50% drop could save you $10,000+ over your loan tenure.
✅ 3. You Want to Reduce Your Monthly Repayments
Stretching your remaining tenure can reduce monthly payments and improve short-term cash flow. Ideal for:
- Families needing room for education/expenses
- Retirees or semi-retired homeowners
- Budget-conscious upgraders
✅ 4. You Want to Pay Off Your Loan Faster
On the flip side, if your income has grown or expenses dropped, refinancing lets you shorten your loan tenure and:
- Save thousands in interest
- Become debt-free faster
- Free up your CPF sooner
✅ 5. You’re Planning to Sell or Upgrade in 2–3 Years
Refinancing to a no lock-in package allows more flexibility — avoiding penalties if you sell early. Also useful when:
You’re planning to upgrade to a private property
You want to preserve options for a future EC or condo purchase
🔍 How Often Can You Refinance?
There’s no limit. But every refinance incurs costs and may trigger clawbacks (if done within 3 years). That’s why timing and package choice matter.
🧠 Summary — Ideal Times to Refinance Your HDB Loan:
| ✅ Scenario | 💡 Action |
|---|---|
| Lock-in ending in 3–6 months | Start refinance process early |
| Current rate > 3.0% | Switch to better fixed/floating package |
| Cash flow is tight | Extend tenure for smaller monthly payments |
| Want to become debt-free earlier | Shorten tenure, lock in lower rates |
| Planning to sell in 2–3 years | Consider no lock-in package |
🟢💬 Not Sure When to Refinance?
At Ace Mortgage Advisory, we’ll:
✅ Review your current loan
✅ Simulate break-even timelines
✅ Recommend the best refinance window — for free
🔄 Refinance vs Repricing — Which Should You Choose?
If your lock-in period has ended or is about to end, you typically face two main options: refinance or reprice your HDB bank loan. Both can help lower your interest rates — but they’re not created equal.
Here’s a clear breakdown of how they compare, and why refinancing often comes out ahead in terms of flexibility, savings, and support.
🔁 What is Repricing?
Repricing means switching to another home loan package within the same bank.
🟡 Less paperwork
🟡 May incur a small admin fee (~$500)
🟡 No legal subsidy or valuation coverage
🔒 You’re limited to only that bank’s offers
🧠 Ideal for: Homeowners who value convenience over savings and aren’t seeing better offers from other banks.
🔄 What is Refinancing?
Refinancing means switching your home loan to a different bank entirely.
✅ Access to better interest rates (more competition)
✅ Legal subsidies (~$2,000) and free valuation provided
✅ May come with cash rebates or promo perks
✅ More freedom to negotiate loan structure and lock-in period
🧠 Ideal for: Homeowners seeking maximum savings, more control over loan structure, and a wider pool of offers.
🔍 Quick Comparison: Repricing vs Refinancing
| Feature | Repricing (Same Bank) | Refinancing (New Bank) |
|---|---|---|
| Rate Options | Limited to same bank | All banks (DBS, OCBC, UOB, etc.) |
| Legal Subsidy | ❌ Not included | ✅ Often included (~$2K) |
| Valuation Cost Coverage | ❌ Not included | ✅ Covered by most banks |
| Admin/Processing Fee | ~$500 | $0 (with subsidy) |
| Application Process | Simpler | Slightly more steps (we handle it) |
| Interest Savings Potential | Moderate | Often higher |
| Repricing Limitations | 1–2 reprices max | Can refinance anytime (if eligible) |
✅ Why Refinancing Often Wins
Most banks reserve their best rates for new customers, which means refinancing gives you more bargaining power — plus access to full subsidies, better lock-in terms, and the ability to fully optimize your loan strategy.
Repricing is convenient, but you might be leaving thousands of dollars on the table.
🧠 Expert Tip:
Before you decide, get a free comparison from our team. We’ll tell you — honestly — whether repricing or refinancing works better for your loan situation.
🟢💬 Not Sure Which to Choose?
At Ace Mortgage Advisory, we’ll review your current mortgage and provide a transparent side-by-side comparison — helping you choose the smarter, more cost-effective path.
🪜 Step-by-Step: How to Refinance Your HDB Home Loan
Refinancing your HDB loan may sound complicated — but with the right guidance, it’s a simple and rewarding process. Whether you’re switching from HDB to a bank loan, or moving between banks to enjoy better rates, here’s how the refinancing journey works with Ace Mortgage Advisory:
✅ Step 1: Speak to a Mortgage Advisor (Free Consultation)
We start with a quick eligibility check via WhatsApp or a call. We’ll assess:
- Your current interest rate and remaining loan tenure
- CPF usage and cash contributions
- Your updated income and Total Debt Servicing Ratio (TDSR)
- Whether you’re out of lock-in or have free-to-exit clauses
💡 No paperwork needed at this stage — just a quick and helpful review.
✅ Step 2: Compare the Best Bank Offers
Based on your loan amount and goals, we’ll show you:
- Fixed vs Floating vs Hybrid package comparisons
- Monthly savings and interest projections
- Available subsidies (legal & valuation coverage)
- Lock-in terms and refinance flexibility
💡 We compare across all banks — DBS, OCBC, UOB, Maybank, HSBC & more.
✅ Step 3: Secure In-Principle Approval (IPA)
Once you choose your ideal package, we help submit your IPA:
Documents required:
- NRIC (front & back)
- CPF contribution history
- Latest payslips or Notice of Assessment
- Current mortgage statement
- Property tax bill
💡 Approval takes 3–5 working days. You are not locked in until you accept the offer.
✅ Step 4: Accept Your Letter of Offer
We’ll guide you through:
- Reviewing the Letter of Offer (LO)
- Understanding new lock-in clauses
- Verifying subsidy and fee terms
- Once accepted, your new bank’s legal team begins the switch.
✅ Step 5: Legal Completion & Loan Disbursement
Your appointed law firm will:
- Redeem your existing loan with the old bank
- Complete the legal switch of the mortgage
- Register the new mortgage with CPF (if applicable)
- Once done, your new bank begins servicing your HDB loan — at a lower rate!
💡 Bonus: Ongoing Support
We’ll monitor your lock-in expiry and let you know when it’s time to reprice or refinance again — so you never overpay on your HDB mortgage.
🟢💬 Refinance With Zero Hassle
At Ace Mortgage Advisory, we manage every step — from IPA to disbursement — so you save time, avoid paperwork headaches, and enjoy full peace of mind.
Compare HDB Refinance Packages for Maximum Interest Savings
If you're currently on an HDB loan or an existing bank mortgage, refinancing can help you secure a lower interest rate, reduce your monthly repayments, or restructure your loan to fit your long-term goals. Refinancing your HDB loan to a bank loan — or switching between banks — gives you more control over your CPF usage, loan tenure, and cash flow planning.
- Enjoy better fixed and floating rate packages from major banks like DBS, OCBC, and UOB
- Optimize CPF usage and stretch or shorten your loan tenure based on retirement planning
- Reset your lock-in period and enjoy legal subsidies when switching banks
- Get 100% free refinancing guidance from licensed mortgage experts — no hidden costs
Refinancing HDB Loan Solutions for BTO Flat Owners in Singapore
Whether you're moving from the HDB Concessionary Loan to a bank loan, or simply refinancing from one bank to another, the right strategy can help you save thousands in interest and restructure your housing loan to better suit your needs. We help you:
- Compare fixed vs floating rates from Singapore’s leading banks
- Understand CPF refund rules and how they apply to HDB flat refinancing
- Strategically time your refinancing before your lock-in ends or interest rates rise
- Access cash-out refinancing options where eligible
Fast-Track Your HDB Refinancing — Without the Paperwork Hassle
Timing is everything when refinancing. Whether your lock-in period is expiring, you're nearing the end of your mortgage, or rates are forecasted to rise — acting now can lead to big savings. At Ace Mortgage, we handle the entire refinancing process on your behalf: Compare and shortlist the best loan packages Secure In-Principle Approval (IPA) Coordinate all paperwork with the bank, CPF Board, and your law firm Ensure disbursement happens on time — so your current loan is cleared smoothly
- Quick eligibility checks with minimal paperwork
- Fast IPA submission — know your refinance capacity upfront
- CPF usage, refund, and cash out planning (for eligible flat owners)
- End-to-end guidance and coordination — free of charge
Personalised Advice on HDB Home Loan Refinancing
✅ HDB refinancing specialists with deep knowledge of CPF rules, MSR limits, and HDB-to-bank transitions
✅ Independent, unbiased advice based on your lock-in expiry, CPF refund obligations, and monthly savings targets
✅ Fast, stress-free support for comparing rates, managing paperwork, and planning your next move — from start to finish
All You Need to Know About HDB Loan Refinancing in Singapore
Compare the Latest HDB Refinancing Rates in Singapore
Refinancing your HDB flat to a bank loan can unlock significant interest savings — but only if you secure the right package. In today’s rate-sensitive market, it’s important to compare the latest fixed and floating options from multiple banks to avoid overpaying.
Whether you’re switching from HDB’s 2.6% concessionary loan or an older bank package, Singapore’s top banks now offer refinancing deals starting from as low as ~2.50% p.a. for fixed rates and ~3.62% p.a. for floating (SORA-pegged) packages.
Below is a snapshot of current refinancing offers for HDB flats:
Compare HDB Refinance Loan Packages (June 2025)
| Feature | Fixed Rate Loan | Floating Rate Loan (3M SORA) |
|---|---|---|
| Stability | Predictable monthly payments | Payments may fluctuate based on SORA movements |
| Initial Rate (May 2025) | ~2.50% – 2.63% p.a. | ~3.62% – 3.72% p.a. (based on SORA + spread) |
| Lock-In Period | Typically 2–3 years | Typically 2 years |
| Best For | Risk-averse homeowners or families on fixed income | CPF-maximizing buyers or those expecting rate drops |
| Refinance/Reprice Later | Repricing allowed post lock-in | May include one-time free repricing during lock-in |
💡 Who This Is For:
HDB homeowners looking to lower monthly repayments, switch from an HDB loan to a bank loan, or refinance an existing bank loan for better savings and terms.
✅ Key Benefits of Refinancing Your HDB Loan:
- Enjoy lower interest rates compared to HDB’s fixed 2.6% concessionary loan
- Reduce your monthly installments and total interest costs
- Access subsidies for legal and valuation fees from most banks
- Reprice or refinance again after the new lock-in period for future savings
- Combine with equity cash-out or tenure restructuring, if eligible
Should You Choose Fixed or Floating Rates When Refinancing Your HDB Loan?
When refinancing your HDB flat to a bank loan, one of the most important decisions is choosing between a fixed-rate or floating-rate mortgage. Each has its pros and cons — and the right choice depends on your income stability, financial goals, and outlook on interest rate trends.
We break down the key differences below to help you make an informed, future-ready decision.
Fixed vs Floating Rate Home Loans for HDB Refinancing
| Loan Type | Typical Lock-In Period | Penalty if Broken |
|---|---|---|
| Fixed Rate Loan | 2 to 3 years | ~1.5% of loan amount |
| Floating Rate (SORA) | 1 to 2 years | ~1.5% of loan amount |
| No Lock-In Packages | 0 years | None (but higher rates) |
📌 Note: 3M SORA (Singapore Overnight Rate Average) is a MAS-endorsed benchmark that reflects market interest rates.
💡 Fixed Rate Refinance:
Choose this if you want peace of mind and stable repayments, especially if you’re concerned about interest rate hikes or prefer strict budgeting.
💡 Floating Rate Refinance (SORA-Pegged):
Choose this if you’re comfortable with market rate movements and want the flexibility to enjoy lower interest if rates fall in future.
✅ Tip from Ace Mortgage Advisors:
Not sure which to pick? Some banks offer Hybrid Refinance Packages — part fixed, part floating — combining the benefits of both structures. (More on this in the next tab.)
🟢 Speak to an Advisor to find out which option suits your current financial situation, future plans, and lock-in strategy best.
Hybrid Refinance Packages — Balance Between Fixed Stability & Floating Flexibility
Can’t decide between fixed or floating rates for your HDB refinance? You’re not alone — and that’s why Hybrid Home Loan Packages are becoming a popular option in Singapore.
A hybrid refinance structure combines both fixed and floating components into a single loan, giving you the security of fixed rates on a portion of your loan while allowing you to benefit from market-linked rates on the remaining amount.
This option is ideal for homeowners who want to hedge against interest rate volatility without fully locking themselves into a single pricing structure.
Example of a Hybrid HDB Refinance Package (June 2025)
| Loan Portion | Rate Type | Example Rate (Indicative) |
|---|---|---|
| 50% of Loan Amount | Fixed Rate (2 years) | ~2.55% p.a. |
| 50% of Loan Amount | Floating (3M SORA + Spread) | ~3.65% p.a. |
📌 Terms and proportions vary by bank. Some may offer 70/30 or 60/40 splits.
💡 Who This Is For:
✅ Homeowners unsure where rates are heading
✅ Families who want predictable payments on part of their loan
✅ CPF users looking to balance cost savings with financial security
👍 Key Benefits:
- Lock in a portion of your loan at a guaranteed fixed rate
- Enjoy possible interest savings on the floating portion if SORA declines
- Reduce risk of full exposure to market rate increases
- Potential to restructure or reprice either portion after the lock-in
🔵 Ask Ace Mortgage which banks are currently offering hybrid refinance packages — and whether it’s a suitable fit for your profile and savings goals.
Refinancing Costs for HDB Loans — Legal Fees, Valuation & Subsidies Explained
When refinancing your HDB home loan to a bank, there are some upfront costs involved — but the good news is that many banks offer legal fee subsidies and valuation reimbursements, especially if your loan amount is above $200,000.
Here’s a breakdown of what to expect:
Estimated Costs of Refinancing an HDB Loan in Singapore
| Cost Component | Estimated Range | Notes |
|---|---|---|
| Legal Fees | ~$1,800 – $2,500 | Paid to the law firm handling the conveyancing |
| Property Valuation | ~$180 – $250 | Based on HDB’s latest market pricing & physical inspection |
| Bank Admin Fees | $0 – $200 | Some banks may waive this entirely |
| CPF Lawyer Instruction | Included in legal package | Required for handling CPF withdrawals for monthly repayments |
| Subsidies (From Bank) | Up to $2,500 | Usually for loans ≥ $200K with minimum lock-in period |
📌 Actual amounts may vary depending on the law firm and the bank’s subsidy policy.
💡 Tips to Maximize Your Refinancing Value:
✅ Check subsidy terms carefully — some require you to stay with the bank for a lock-in period or repay the subsidy if you refinance again too soon.
✅ Use a panel law firm — most banks have a list of approved firms to enjoy full subsidy eligibility.
✅ Bundle refinancing with repricing advice — if you’re near your lock-in expiry, you may have negotiating power with your current bank too.
🔵 Let Ace Mortgage Advisory handle the full refinancing process — we’ll recommend the most subsidy-friendly banks and coordinate with legal partners for a seamless, stress-free experience.
When to Refinance Your HDB Loan — Timing, Triggers & Pro Tips
Timing is everything when it comes to refinancing your HDB loan. Refinancing too early might incur penalties. Too late — and you could miss out on thousands in interest savings. Here’s how to know when it’s the right time:
🔄 Common Refinancing Triggers:
✅ Lock-In Period Ending Soon
Start preparing 3–6 months before your current bank’s lock-in expires to avoid last-minute delays and secure better rates in advance.
✅ Your Current Interest Rate Is Too High
If your HDB bank loan is at 3%+ while new packages are below 2.6%, refinancing could instantly reduce your monthly repayments.
✅ Floating Rate Has Increased Significantly
If you’re on a SORA or board rate package and interest has gone up, locking in a new fixed package can stabilize your payments.
✅ You Want to Shorten or Extend Your Loan Tenure
Refinancing allows you to restructure your mortgage to match your evolving cash flow and retirement plans.
✅ Your Property Value Has Appreciated
Higher property valuations improve your loan-to-value (LTV) ratio — which could help you qualify for better interest rates or cash-out options.
💡 Pro Tips from Our Mortgage Experts:
- Use your lock-in expiry date as your refinancing checkpoint — start comparing options 3–6 months in advance.
- Monitor SORA trends — if you’re on a floating package, consider switching before rates climb further.
- Avoid waiting until the last month — refinancing takes time (legal, valuation, approval), so act early to avoid rushed decisions.
🔵 Let Us Help You Time It Right
At Ace Mortgage Advisory, we’ll track your lock-in expiry, calculate your break-even point, and let you know exactly when refinancing makes sense — at no cost to you.
Refinancing vs Repricing Your HDB Loan — What’s the Difference?
If you’re an HDB homeowner on a bank loan, you generally have two options to improve your mortgage terms: refinancing (switching banks) or repricing (staying with your current bank but changing your loan package).
While both can help you save on interest, refinancing often gives you access to better rates, more flexibility, and exclusive bank promotions — especially if you’re outside your lock-in period.
🧭 Key Differences Between Refinancing & Repricing
| Feature | Refinancing (Switch Bank) | Repricing (Same Bank) |
|---|---|---|
| Bank | Switch to a new bank | Stay with current bank |
| Rates | Typically more competitive | May be less attractive |
| Subsidies | Legal & valuation subsidies often provided | Usually no subsidies |
| Legal Process | New mortgage & legal process required | Simpler, internal process |
| Lock-In | New lock-in period starts | New lock-in may or may not apply |
| Flexibility | Full negotiation power with other banks | Limited to internal offers only |
✅ Access to Market’s Lowest Rates
Switching banks gives you the freedom to choose from the most competitive packages — including fixed, floating, and hybrid options.
✅ Enjoy Legal Subsidies
Most banks offer subsidies (up to $2,000) for legal and valuation fees when you refinance — reducing your switching costs significantly.
✅ Better for Long-Term Planning
Refinancing allows you to renegotiate tenure, lock-in terms, and CPF usage — giving you more control over your future payments.
✅ Repricing Can Be a Stopgap
If you’re still within your lock-in period and don’t want to incur penalties, repricing can help temporarily reduce your rate — but usually isn’t the most cost-effective in the long run.
🔵 We’ll Compare Both for You
At Ace Mortgage Advisory, we don’t just suggest refinancing — we run detailed comparisons between repricing and refinancing, so you know exactly which saves you more.
How to Refinance Your HDB Loan — Step-by-Step Guide
Refinancing your HDB loan doesn’t have to be overwhelming. At Ace Mortgage Advisory, we streamline the process so you can enjoy lower rates and better terms — without the paperwork stress.
Here’s how our end-to-end refinancing service works:
✅ Step 1: Free Consultation & Loan Assessment
We begin with a no-obligation call to understand your existing loan, CPF usage, and financial goals.
You’ll get:
- Estimated interest savings
- Repricing vs refinancing comparison
- Insights into your lock-in expiry and penalty clauses
📌 No paperwork needed at this stage.
✅ Step 2: Compare the Latest Bank Refinance Packages
We shortlist the most suitable options from top banks like DBS, OCBC, UOB, Maybank, and more — tailored to:
- Fixed vs floating rate preferences
- Tenure restructuring (extend or shorten)
- CPF/cash utilization and investment strategies
✅ Step 3: Apply for In-Principle Approval (IPA)
Once you’ve selected your preferred package, we handle the IPA submission. This confirms your eligibility and allows you to lock in the best rates.
We’ll assist with:
- Required documents (NRIC, current loan statement, CPF contributions)
- Legal subsidy verification
- Valuation scheduling (if required)
✅ Step 4: Legal Coordination & Disbursement
We liaise with the law firm and the incoming bank to:
- Discharge your existing loan
- Finalize the Letter of Offer
- Complete all legal documentation
- Ensure a smooth transfer of funds
✅ Step 5: Post-Refinance Support
Even after the loan is disbursed, we’re here to:
- Track your new lock-in expiry
- Advise on future repricing or refinancing windows
- Help you plan refinancing for future investment or cash-out goals
💡 All at zero cost to you — we’re paid by the bank, not by you.
Apply to Refinance Your HDB Loan Today — Fast, Free & Hassle-Free
Found a better home loan rate? Ready to lower your monthly repayments or restructure your loan for smarter cash flow? Let us help you refinance your HDB loan with expert, end-to-end support — at zero cost to you.
At Ace Mortgage Advisory, we make HDB refinancing simple, fast, and fully personalized.
✅ Why Apply Through Us?
✔ Compare fixed, floating, and hybrid packages across major banks
✔ Get unbiased recommendations from licensed advisors
✔ Receive full guidance on CPF usage, refund rules, and subsidy claims
✔ Avoid early repayment penalties and common refinance mistakes
✔ Enjoy 100% free service — we’re paid by the bank, not you
📝 What We’ll Need to Get Started
Current HDB loan statement (HDB or bank)
- CPF contribution and usage breakdown
- Income documents (salaried or self-employed)
- NRIC and MyInfo access (optional)
🔍 Don’t worry — we’ll walk you through every step.
🟢 Ready to Save?
Click below to chat instantly with a mortgage advisor or schedule a callback at your convenience.
⏱️ Takes less than 2 minutes. No fees, no pressure — just clear, expert help.
🏠 How to Refinance Your HDB Loan in Singapore
We’ll Handle the Entire Process for You — Fast & Hassle-Free
1. Compare HDB Refinance Loan Packages
We start by comparing fixed, floating (SORA-pegged), and hybrid packages from all major banks — personalized to your HDB flat type, remaining loan tenure, and financial goals. Whether you're switching from HDB to a bank loan, or from one bank to another (e.g. DBS to OCBC), we’ll calculate your real interest savings, CPF impact, and breakeven timeline — with no guesswork involved.
2. Apply for In-Principle Approval (IPA)
To proceed with refinancing, you’ll need to confirm your borrowing eligibility, CPF usage breakdown, and ensure your TDSR stays within 55%. We’ll guide you through the bank’s IPA process and help you understand: How much you can borrow What your new monthly repayment will be Whether you're eligible for legal subsidies and fee waivers
3. Submit Documents & Let Us Handle the Legal Work
Once you choose the right refinancing package, we coordinate everything — from the Letter of Offer to the legal conveyancing and CPF Board instructions. You won’t need to chase the bank or lawyer — we handle all the paperwork and timelines for you.
4. Loan Disbursement & Monthly Savings Begin
After legal completion, your previous HDB or bank loan is paid off and your new loan kicks in — typically at a lower rate, with improved terms. You’ll see immediate savings on your monthly payments, and we’ll continue to monitor your loan for future repricing or refinancing opportunities.
Hi Ace Mortgage, thank you so much for helping us secure our BTO loan! Your explanation on CPF usage and MSR was super clear — really helped us feel confident signing the papers!
Alvin & Shermaine
First-timer Home Owners
Appreciate the fast response and honest advice. I compared 4 banks but your recommendation turned out to be the best fit for my needs. Zero fees and fuss-free!
Desmond Tay
IT Engineer
Honestly, I didn’t know where to start with refinancing, but you guys guided me through every step. Thank you for helping me save on interest!
Shermaine Goh
Housewife
感谢 Ace Mortgage 帮助我们办理公寓贷款！你们提供的比较明细让我们很容易就做出了决定。
王丽文
Chinese National (PR)
Was worried about my income structure, but Ace Mortgage helped me use the show funds method and explained everything patiently. Highly recommend!
Leslie Chen
Business Owner
We just got our IPA approved thanks to your guidance! The whole process was way smoother than we expected. Super thankful 🙏
Darren & Jerlyn
New Homeowners
Shoutout to Ace Mortgage for being so prompt and detailed. Explained lock-in periods and penalties clearly — now I finally understand what I’m signing!
Julian S.
Foreign Investor
Great experience working with your team. Transparent, responsive, and no sales pressure at all. Wouldn’t have gotten this deal directly with the bank
Mdm Tan
Teacher
Get Expert Help with Your HDB Loan Refinance — At Zero Cost
Ready to lower your monthly payments or switch to a better HDB mortgage package? Whether your lock-in is ending or you’re moving from an HDB loan to a bank loan, Ace Mortgage Advisory provides 100% free, expert guidance to help you refinance smart — and save more.
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