Understand your current loan
What is your new interest rate?
Here is what you will save
Estimate your home affordability, valuation and rental yield in one single calculator.
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Enjoy lower instalments when you reprice
Choose from a comprehensive range of pricing packages
Fast and hassle-free process
Anyone with an existing OCBC Home Loan which is outside of the lock-in period
Minimum remaining loan amount of S$100,000
Minimum remaining loan tenure of 5 years
Enjoy interest savings when you reprice your current loan with a more attractive package.
Enjoy interest savings when you reprice your current loan with a more attractive package.
Minimal documentation required for owner occupied properties.
Minimal documentation required for owner occupied properties.
Step 1
Read the eligibility requirements below. For a Term Loan granted for personal use, additional documents to be submitted. Apply by clicking on the "Submit form" button below.
Step 2
Our officer will send pricing options via email for your selection.
Step 3
After your pricing selection, we will send documents for your acceptance via email.
Understand your current loan
What is your new interest rate?
Here is what you will save
Lock-in period
From 3 months before the end of your lock-in period
Minimum remaining loan amount
S$100,000
Minimum remaining loan tenure
5 years
What are the processing fees?
A one-time processing fee of S$500 will apply unless your existing contract allows for a free switch to another pricing package. There will be no legal/valuation fee applicable.
Why should I pay a fee when I can refinance at no cost?
Refinancing comes with a cost estimated at S$2000 (HDB) and S$3000 (Private Home Loan - PHL). Banks may subsidize this but there will typically be a clawback period (usually around 3 years) should you redeem the loan.
Which package should I choose?
Asides from interest rates, there are other key terms such as prepayment penalties, fees and charges and lock-in period which you should consider when choosing a suitable pricing package. There are 3 types of home loan pricing available at OCBC.
Reference Rate | Key Features |
1-month Compounded Singapore Overnight Rate Average (SORA) |
|
Fixed Rate |
|
OCBC mortgage board rates |
|
Am I subject to any penalty for repricing now?
There will be no penalty for repricing if you are out of the lock-in period for your loan. We will review your application to advise you accordingly.
Can I reprice and change my loan tenure as well?
Yes, you can make a request to revise your loan tenure together with repricing by indicating so when you submit your application online. However, please note that any change of loan tenure will be subject to approval.
Can I reprice and make a partial prepayment as well?
Yes, you can make a request to make a partial prepayment together with repricing by indicating so when you submit your application online.
I have submitted my application to reprice online. What do I do next?
You should have received an acknowledgement email upon successful submission. We will contact you in 2 working days to follow up on your application.
Can you advise on my revised monthly installment amount after repricing?
We will be emailing the Supplemental Letter of Offer (SLO) and the Residential Property Loan Fact Sheet for your acceptance once the application is approved. The SLO will contain the terms and conditions of the selected pricing package and the Fact Sheet will reflect the indicative monthly instalment amount.
Will I receive any hard copy acknowledgement after my acceptance of the repricing offer?
The system advice stating your revised monthly instalment will be generated on the day your revised interest rate is effected and will be sent to your mailing address, which will take 5-7 working days to reach you.
If you have selected a SORA package, you will be receiving an e-statement via your email registered with us instead.
We will not be sending you hardcopy versions of the SLO and Fact Sheet.
When will my monthly instalment be revised?
Monthly instalments for home loans are paid in arrears and as such, the new instalment will be revised later. This is also to allow clients sufficient time to adjust their CPF contribution (if required).
How can I adjust my CPF contributions?
You can instruct CPF Board to revise your CPF contribution online through CPF’s website. If there is a shortfall from your CPF contribution, the shortfall will be automatically deducted from the Direct Debiting Authorisation Account linked to the loan.
Can I get copies of my loan statements?
A home loan account statement will be sent to you every year, dated 31 December. If your property is an Australian or United Kingdom property, you will receive an additional statement dated 30 June or 30 April respectively.
You can request your home loan account statements by submitting the Account Information Update/Request form available in the Accounts section at OCBC Help and Support > Banking forms. We do not charge for retrieving your loan statement for the current year. There will be a fee of S$50 plus Goods & Services Tax (GST) per statement for retrieving previous years’ statements.
Can you advise me about my fire insurance?
There will be no change to your existing fire insurance scheme (if any). You may contact us at +65 6363 3333 for us to assist you with your query.
HDB printout
CPF property withdrawal statement from ALL property owners