Refinance Home Loan Rate in Singapore
Your home could be your largest financial commitment ever. Whether is it a new loan or refinancing your existing housing loan, you deserve a better deal. We offer you a suite of fixed and variable rate packages and provide you with 100% free advice and services on taking or refinancing your home loan.
Refinance Home Loan Overview
Refinancing a home loan basically means replacing your current mortgage with a new one, typically to secure a lower interest rate, reduce monthly payments, change loan terms, or access home equity. Homeowners refinance to save money, pay off mortgage faster, switch from an adjustable to a fixed rate, or take out cash for expenses. The process includes evaluating costs, checking your credit bureau and comparing lender rates, and the lock in tenure.
Mortgage Broker
Our mortgage broker has over 14 years of experience in the industry and will handle all the legwork—comparing multiple banks, securing the best deal, and managing the paperwork all at no cost to you.
Cheap Conveyancing
We don’t just guarantee the best refinance home loan rates, we also secure the best rates for conveyancing lawyers. With us, you save at every step without the hassle of doing the legwork!
Current Best Rate (Updated Jan 2026)
| Loan Type | Fixed Rate | Variable Rate |
|---|---|---|
| Best Private Homes | 1.35% | 1.42% |
| Best HDB Rate | 1.35% | 1.42% |
| Best Private Uncomplete | 1.85% | 1.42% |
Refinance Home Loan Services F.A.Q
Find answers to commonly asked questions about Refinancing Your Home Loan in Singapore
In a rising interest rate environment, a fixed-rate package provides stability and protection against increasing costs. Conversely, in a falling interest rate environment, a variable-rate package allows you to benefit from lower rates over time.
SIBOR – Singapore Interbank Offered Rate is determined by the interest rate which banks in Singapore lend unsecured funds to each other at a maturity of 1, 3, 6 or 12 months.
SORA – SORA is defined as the volume-weighted average rate of borrowing transactions in the unsecured overnight interbank SGD cash market in Singapore between 8am and 6.15pm.
Bank Board Rate – This is determined by the bank in-house board rate and are usually not as transparent as compared to SIBOR/SOR, banks may publish the rates on the website or their respective branches
Fixed Deposit Home Loan Rates – The fixed deposit home loan rates is another type of bank board rate that are benchmarked with the banks’ existing fixed deposit rate based on a term etc. 12 months.
Bank or financial institutions will commonly use a spread to determine your home loan rate, such as 0.5% spread + 3 months SIBOR. Hence, if 3 months SIBOR is at 1.5%, a 3m SIBOR variable rate with a 0.5% spread will make your total home loan interest rate to be 2% p.a.
If you are refinancing your property to another bank with an outstanding loan of $500,000 and above, we can assist you with legal fee subsidies together with your mortgage refinancing needs. You may not be required to fork out a single cent for your conveyancing fee.
We do not believe in shortchanging our mortgage brokers and our lawyers for the hard work they put in to get you the best deals and mitigate tough cases, no we do not provide rebates.
After our home loan specialist will contact you via your form submission to clarify your needs and guide you through your options and paperwork. You can then apply for the home loan with them through a non face to face consultation process. There’s no fees as the banks will pay them an introducer fee