Refinance Home Loan
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What is Refinance?
Refinance is a process of switching your current loan on a mortgaged property with another bank. You can do a refinance to change your terms (principle, interest and tenure) or cash out when you have on equity.
Get to compare the refinance rates offered by banks to know how much you can save on refinancing.
Know what are the types of refinance and pick the best rate type that cater to your needs.
Is Refinancing Worth The Price?
Refinancing, if timed correctly can help you save on interest paid and better your monthly cash flow. Refinancing is not a matter of should or should not. It is a matter of when.
Equity refinance is one of the cheapest form of borrowing. The extra cash can help you with other commitment or investment.
What are the Fees Involved?
For our service: Absolutely FREE!
The costs to refinance a hourse varies. Your refinancing cost can be zero with the right amount of loan. Or your interest savings could outweigh the costs payable to refinance your mortgage.
What is the Process?
The planning can start as early as 4-6 months before your current lock-in period expires. This is to ensure notification of termination to your current lender.
Our Refinance Process explains to you the steps needed. We are the Guru for your refinancing needs.
Refinance HDB Home Loan
HDB dwellers can choose to convert their existing HDB loan to a bank loan. Do take note this is an irreversible process as you cannot refinance with HDB after such a conversion. HDB owners having an existing bank loan can switch and refinance its current bank loan to another bank. In either case, if you are refinancing to a bank offering a lower interest rate, you will save money on your interest. Below are some of rates offered by our working banks.
| Bank | Product | Type of Rate | Lock-in | Starting Rate |
|---|---|---|---|---|
| HSBC | HSBC 1-month SIBOR (1) | Floating | 2 yrs | 1.30% |
| Standard Chartered | SCB 3-month SIBOR | Floating | 2 yrs | 1.40% |
| Maybank | Maybank 3M Sibor | Floating | 2 yrs | 1.40% |
| Standard Chartered | SCB 2Y-Fixed | Fixed | 2 yrs | 1.45% |
| Citibank | Citi 2Y-Fixed | Fixed | 2 yrs | 1.45% |
| Standard Chartered | SCB 3M-Sibor | Floating | 2 yrs | 1.45% |
Refinance Private Property Loan
Private property owners can only finance their property with a bank or finance institute. After the lock-in period, the loan interest rate usually goes up. Therefore these property owners will choose to refinance their mortgage to another bank so as to save on the interest. Below are some current refinance rates offered by our the banks.
| Bank | Product | Type of Rate | Lock-in | Starting Rate |
|---|---|---|---|---|
| CIMB | CIMB 2Y-Fixed (min $200k; Deposit $250k) | Fixed | 2 yrs | 1.30% |
| HSBC | HSBC 1M Sibor (min $200k) | Floating | 2 yrs | 1.30% |
| CIMB | CIMB 2Y-Fixed (min $200k) | Fixed | 2 yrs | 1.38% |
| Standard Chartered | SCB 3M Sibor | Floating | 2 yrs | 1.40% |
| Maybank | Maybank 3M Sibor | Floating | 2 yrs | 1.40% |
| Standard Chartered | SCB 2Y-Fixed | Fixed | 2 yrs | 1.45% |
Popular Home Loan Refinancing Banks
We work with All major banks
Popular Home Loan Refinancing Banks
We work with All major banks
Your Refinancing Journey
There are many refinancing banks to consider. And sometimes it is not only about the best rates. What about floating or fixed interest rate? How about the economic outlook to favour which type of rate should you go for? How about the paperworks?
We understand there are many questions you might have. Fret not. We are here to guide you in every step of the way. Our Refinance Process helps you in getting your refinance done.
We are the Guru for Your Refinance Needs
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