Home Loan (Refinancing)

Refinance your existing home loan with OCBC

Why you will love this

Enjoy lower instalments when you switch your loan to OCBC

Choose from a comprehensive range of pricing packages

Be supported by a dedicated mortgage specialist

Who can apply

Singaporean, Singapore PR or foreigner above 21 years old

Those holding a minimum loan amount of S$200,000 for a HDB or S$300,000 for a private home

Apply online

Enjoy faster refinancing and greater savings with customised and holistic home loan solutions.

benefits

Lower monthly instalments

Enjoy interest savings when you refinance your current loan with a more attractive package.

Enjoy interest savings when you refinance your current loan with a more attractive package.

Complete range of loan packages

Take advantage of wide range of pricing packages to suit your financing needs.

Take advantage of wide range of pricing packages to suit your financing needs.

home packages

Enjoy these Online Exclusive Rates for a limited period only. Select the loan that best fits your needs

  • OCBC 2Y/3Y/4Y fixed rate
  • OCBC mortgage board rates
  • 3M SIBOR
  • 1M Compounded SORA
OCBC 2Y/3Y/4Y fixed rate
OCBC mortgage board rates
3M SIBOR
1M Compounded SORA

OCBC 2Y/3Y/4Y fixed rate

(For completed properties only)

OCBC mortgage board rates

 3M SIBOR

1M Compounded SORA
OCBC 2Y/3Y/4Y fixed rate OCBC mortgage board rates 3M SIBOR 1M Compounded SORA
Protects you from rate fluctuations for the first 2, 3 or 4 years respectively
Fixed for 2 or 3 years at 1.38%
Fixed for 4 years at 1.4%
Fixed instalment within lock-in period
Read more less
Bank–managed rate, which can be revised at any time with 30 days’ notice
Each pricing package has a specific mortgage board rate identified by a unique code in the letter of offer and this rate and the associated spread may differ from packages offered to other customers or reflected on this webpage from time to time.
The current pricing packages for new applications are at a mortgage board rate of 0.80%.
Free switch to another pricing package should the mortgage board rate increase
Flexibility to prepay up to 50% of the loan amount within the lock-in period
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Pegged to the 3-month SIBOR and reviewed every 3 months
Instalments can increase or decrease based on SIBOR rate
Flexibility to prepay up to 50% of the loan amount within the lock-in period
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The 1-month Compounded SORA for a given Singapore business day is published by 9 am on the next Singapore business day on MAS’ website. View more details on SORA.
Monthly rate changes. Each 1M Compounded SORA will be fixed on the Rate Review Date and will apply throughout the next 1-month period.
Free switch to another pricing package after the 1st year (for new loans only).
Flexibility to prepay up to 50% of the loan amount in the first 2 years.
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Year 11.38% (fixed) Year 11.38% (Board + 0.58%) Year 13M SIBOR + 1.00% Year 11M Compounded
SORA + 1.20%
Year 21.38% (fixed) Year 21.38% (Board + 0.58%) Year 23M SIBOR + 1.00% Year 21M Compounded
SORA + 1.30%
Year 31.60% (Board + 0.80%) Year 31.60% (Board + 0.80%) Year 33M SIBOR + 1.00% Year 31M Compounded
SORA + 1.40%
Thereafter1.80% (Board + 1.00%) Thereafter1.80% (Board + 1.00%) Thereafter3M SIBOR + 1.00% Thereafter1M Compounded
SORA + 1.40%
Process

Step 1

Prepare your documents

Attach the following documents to your online application:
  • Latest CPF withdrawal statement
  • Current bank loan statement showing outstanding loan amount
  • For owner-occupied property, tax portal page to show subject property address and tax rate as "owner occupier"
  • If your current loan is with HDB, submit the last 6M transaction record from the HDB InfoWEB portal
Read more

Step 2

Submit your application

Choose the type of financing required, select the loan package and submit your documents online. The application process takes just 10 minutes with Myinfo.

Step 3

Wait for our letter of offer

If your loan is approved, you will receive a letter of offer via email and SMS. Otherwise, we will contact you if we need more information.

Step 4

Accept our loan offer

You can accept our loan offer by clicking on the link in the offer email or SMS. Your letter of offer will be generated automatically after acceptance. Please read through the terms and conditions carefully before accepting.
Loan calculator

Find out how much you can borrow

Use our OCBC OneAdvisor Affordability Calculator to find out how much you can borrow, based on your income, age, and financial status.

Calculate now
PROMOTION

Cash reward of up to S$2,500 per loan

Receive cash to defray the cost of refinancing.

before you apply

Eligibility requirements

Minimum age

21 years old

Nationality

Singaporeans, Singapore PRs and foreigners

Minimum loan amount for SG private home loan

S$300,000

Minimum loan amount for HDB loan

S$200,000

Terms and conditions

Terms and conditions governing HDB Home Loans

Pricing guide for Singapore and Overseas Home Loans

Terms and conditions governing Mortgage Loans (for Singapore private property)

Notification insert with the home loan statement dated 31 December 2015

Terms and conditions governing the OCBC Home Loan National Day Promotion

Additional information

1. Your online refinancing application may require 1 working day to process due to additional checks performed.

2. ABS Guide: The Association of Banks in Singapore and MoneySENSE guide, "What You Should Know About Housing Loans - Key Questions to Ask The Bank Taking a Housing Loan" is available and you are encouraged to read it before committing to a residential property loan.

ways to apply

Apply to refinance your home with an OCBC Home Loan today

Apply online

or contact us at +65 6363 3333.

 

Get cash reward of up to S$2,500 per loan Learn more

  • The Singapore Overnight Rate Average (SORA) is the volume-weighted average rate of borrowing transactions in the unsecured overnight interbank SGD cash market in Singapore between 8.00 am and 6.15 pm.

  • The 3M Compounded SORA is published by MAS at 9:00 am on all business days in Singapore and is computed by compounding the published SORA rate over the historical 3-month period. Published by MAS since 5 August 2020.

  • The 3-month Compounded SORA rate applicable on a Saturday, Sunday and Public Holiday would be the last published 3-month Compounded SORA rate. (For example, if the rate review date falls on a weekend, the 3-month Compounded SORA rate applied for the next 1-month period would be the 3-month Compounded SORA rate published on the working Friday of that week.)

  • If the 3M Compounded SORA is less than zero, zero will be applied.

  • The Singapore Overnight Rate Average (SORA) is the volume-weighted average rate of borrowing transactions in the unsecured overnight interbank SGD cash market in Singapore between 8.00 am and 6.15 pm.

  • The 3M Compounded SORA is published by MAS at 9:00 am on all business days in Singapore and is computed by compounding the published SORA rate over the historical 3-month period. Published by MAS since 5 August 2020.

  • The 3-month Compounded SORA rate applicable on a Saturday, Sunday and Public Holiday would be the last published 3-month Compounded SORA rate. (For example, if the rate review date falls on a weekend, the 3-month Compounded SORA rate applied for the next 1-month period would be the 3-month Compounded SORA rate published on the working Friday of that week.)

  • If the 3M Compounded SORA is less than zero, zero will be applied.

OCBC 2Y/3Y/4Y fixed rate

The illustration below is based on a 2 year fixed rate package.

OCBC Mortgage Board Rates

Keep your loan amount in the first year. Prepayment fee of 1.5% will be charged if you pay down the loan in the first year.

3M SIBOR

Latest SIBOR can be found here.