Help And Support
Loans - Home Loan
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Cancel the fire insurance policy
You can contact the insurance company directly or mail us at:
Loan Operations (Secured Loan)
Bras Basah Post Office
Locked Bag Service No. 8
Singapore 911886
The fire insurance will be cancelled automatically upon full redemption of the housing loan if:- An early full redemption is performed, and a lawyer was engaged to complete the redemption and discharge title deed or;
- Fire insurance is arranged by the bank (e.g. OAC)
The fire insurance will not be cancelled automatically upon redemption of the housing loan if:
- Housing loan is fully paid off by monthly instalments. Bank will need to be informed in writing to engage a lawyer to discharge title deed and cancel fire insurance policy.
- A 3rd party insurer (not OCBC Bank) has been engaged.
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Renewal policy for home loan
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Make a partial prepayment
You can make a payment via cash, CPF, or a combination of both. You will need to provide a written notice or interest-in-lieu of notice one month in advance. Prepayment penalty (if any) will be indicated in the Letter of Offer (LO).
The Bank will send a notification letter to you confirming:
- The receipt of notice
- Amount of prepayment
- Effective date of prepayment
You can then advise CPF on when to remit funds, or arrange for cash to be credited to the bank account for deduction on the effective date.
HDB
- Payment by cash
- Minimum payment amount is S$5,000 and in multiples of S$1,000
- Submit a HDB partial capital repayment form at a branch or by mail to:
Secured Loan HDB Unit
Bras Basah Post Office
Locked Bag Service No. 8
Singapore 911886
- Payment by CPF, or both cash and CPF
- Submit a HDB partial capital repayment form at a branch or by mail to:
Secured Loan HDB Unit
Bras Basah Post Office
Locked Bag Service No. 8
Singapore 911886
- Once you receive a notification letter from us, you must inform CPF Board using either of the following methods:
- Online submission at www.cpf.gov.sg (log in with your SingPass)
- Submission of a hardcopy application form
- Download the CPF Board’s Form HBL4 from www.cpf.gov.sg
- Complete the form, and submit it to CPF Board.
- Submit a HDB partial capital repayment form at a branch or by mail to:
Note: You will need to inform CPF Board to revise the monthly amount payable from CPF account to bank assuming your loan is fully serviced by CPF.
Private Home Loan (PHL)
- Payment by cash
- Minimum payment amount is S$5,000 and in multiples of S$1,000
- Submit a Housing Loan partial capital repayment form at a branch or by mail to:
Secured Loan Mortgage Unit
Bras Basah Post Office
Locked Bag Service No. 8
Singapore 911886
- Payment by CPF, or both cash and CPF
- Submit a Housing Loan partial capital repayment form at a branch or by mail to:
Secured Loan Mortgage Unit
Bras Basah Post Office
Locked Bag Service No. 8
Singapore 911886
- Once you receive a notification letter from us, you must inform CPF Board using either of the following methods
- Online submission at www.cpf.gov.sg (log in with your SingPass)
- Submission of a hardcopy application form
- Download the CPF Board’s Form 4B from www.cpf.gov.sg
- Complete the form, and submit it to CPF Board.
- Submit a Housing Loan partial capital repayment form at a branch or by mail to:
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Instalment amount after partial prepayment
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Cancel partial payment instructions
You can notify us by mail at least 1 week before the proposed date. Please include:
- Date of letter by the bank to confirm your partial repayment instruction
- Loan account number and mortgage property details
- Instruction to cancel the repayment amount
- Sign off the letter
Mail the letter to:
Loan Operations (Secured Loan)
Bras Basah Post Office
Locked Bag Service No. 8
Singapore 911886 -
Increase / decrease loan term
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Change your home loan interest rate package
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Retrieve title deed after loan repayment
You need to engage a lawyer to write in to the bank and request for the discharge of your title deeds. Mail the written request to:
Secured Loan Mortgage Unit
Bras Basah Post Office
Locked Bag Service No. 8
Singapore 911886
If you do not write in, the bank will appoint a lawyer who will contact you within 2 months.If you have not appointed a lawyer to represent yourself by then, you can appoint the bank’s lawyer to act for you. There is not timeline set as it depends on how quickly you respond to the lawyer.
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Have OCBC Bank keep your title deed after loan repayment