#5
POSB / DBS HDB 3-Year Fixed Home Loan (1.78% p.a.)
From 1.78% p.a.(S$1.78)
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POSB / DBS HDB 3-Year Fixed Home Loan (1.78% p.a.) from [POSB Bank Singapore](/entity/posb-bank-singapore) prices from 1.78% p.a. (3-Year HDB Fixed, benchmarked against Fixed vs HDB 2.60%) with a 3-year lock-in and S$1,800–S$2,000 cash rebate for HDB refinancing >=S$250k.
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POSB / DBS HDB 3-Year Fixed Home Loan (1.78% p.a.) from POSB Bank Singapore prices from 1.78% p.a. (3-Year HDB Fixed, benchmarked against Fixed vs HDB 2.60%) with a 3-year lock-in and S$1,800–S$2,000 cash rebate for HDB refinancing >=S$250k.
Key Metrics
Specifications
LenderPOSB Bank Singapore
Package Structure: 3-Year HDB Fixed
Year 1 Effective Rate1.78% p.a.
Benchmark / SORAFixed vs HDB 2.60%
Lock-In Period3 years
Minimum Loan SizeS$100,000
Refinancing SubsidyS$1,800–S$2,000 cash rebate for HDB refinancing >=S$250k
Offset / Account LinkNo fall-below fee linkage + CPF OA auto-deduction
Pros and Cons
Pros
- Dedicated 1.78% p.a. 3-year fixed rate for HDB flats (82 bps below HDB's 2.60% concessionary loan) with a low S$100,000 minimum loan quantum
- Penalty waiver upon HDB flat sale
Cons
- Switching from an HDB 2.60% loan to a bank loan is irreversible (cannot revert back to HDB loan later)
- Subject to POSB Bank Singapore Singapore Key Facts Sheet & campaign T&Cs
Eligibility
- Minimum loan quantum S$100,000
- subject to MAS Total Debt Servicing Ratio (TDSR <=55%) and Mortgage Servicing Ratio (MSR <=30% for HDB/EC). Penalty waiver if HDB flat is sold after MOP
Things to Watch Out For
- Switching from an HDB 2.60% loan to a bank loan is irreversible (cannot revert back to HDB loan later)
- Subject to POSB Bank Singapore Singapore Key Facts Sheet & campaign T&Cs
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