- Personal Banking
- Loans
- Home Loan (Refinancing)
Lower your monthly home loan instalments
- Why you will love this
- Who can apply
Why you will love this
Enjoy lower instalments when you switch your loan to OCBC
Choose from a range of home loan packages for HDB or private homes
Opt for Eco-Care Home Loan for more savings
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 or Accept
Enjoy faster refinancing and greater savings with customised and holistic home loan solutions.
Awards
The Asian Banker Excellence in Retail Financial Services Awards 2022
Best Home Loan/Mortgage Product
The Digital Banker Global Retail Banking Innovation Awards 2021
Mortgage Product of the Year - Eco-Care Home Loan
benefits
Lower monthly instalments 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.
Opt for our Eco-Care Home Loan Be part of a greener Singapore with your sustainable home and enjoy significant savings.
Eco-care home loan
Verify that your home will be energy efficient with the Tropical Home Energy Efficiency Assessment (THEEA) developed by the Building and Construction Authority (BCA). Complete it in just 2 minutes before applying for the OCBC Eco-Care Home Loan.
Enjoy these benefits with your sustainable home:
- Promotional 3M Compounded SORA pricing package
- One-time S$88 bill rebate when you sign up for Senoko's LifeGreen24 plan by 31 December 2023
Terms and conditions apply.
See all Eco-Care Loans
partners of eco-care home loan
Build SG
Build SG
home loan packages
Select the loan package that best fits your needs for your HDB or private home. Enjoy these Online Exclusive Interest Rates for a selected time only.
- 1M / 3M Compounded SORA
3M Compounded SORA
3M Compounded SORA |
|---|
| 3M Compounded SORA |
| The 3-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. Each 3M Compounded SORA will be fixed on the Rate Review Date and will apply throughout the next 3-month period respectively. 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. |
| Year 13M Compounded SORA + 0.98% |
| Year 23M Compounded SORA + 0.98% |
| Year 33M Compounded SORA + 1.00% |
| Thereafter3M Compounded SORA + 1.00% |
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.
For Eco-Care Home Loan, complete and pass THEEA. This takes just 2 minutes. Provide the assessment reference number in your loan application.
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 Mortgage Loans
Terms and conditions governing HDB Home Loans
Pricing guide for Singapore and Overseas Home Loans
Notification insert with the home loan statement dated 31 December 2015
Terms and conditions governing OCBC Eco-Care Loan and Senoko Energy 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 with OCBC Home Loan today
Apply or Accept
or find out more by getting us to call you.
Get us to contact you
Get a cash reward of up to S$2,500 per loanLearn 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 1M / 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 1-month / 3-month period. Published by MAS since 4 August 2005 / 4 October 2005 respectively.
- The 1M / 3M Compounded SORA rate applicable on a Saturday, Sunday and Public Holiday would be the last published 1M / 3M Compounded SORA rate. (For example, if the rate review date falls on a weekend, the 1M / 3M Compounded SORA rate applied for the next 1-month / 3-month period would be the 1M / 3M Compounded SORA rate published on the working Friday of that week.)
If the 1M / 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 1M / 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 1-month / 3-month period. Published by MAS since 4 August 2005 / 4 October 2005 respectively.
- The 1M / 3M Compounded SORA rate applicable on a Saturday, Sunday and Public Holiday would be the last published 1M / 3M Compounded SORA rate. (For example, if the rate review date falls on a weekend, the 1M / 3M Compounded SORA rate applied for the next 1-month / 3-month period would be the 1M / 3M Compounded SORA rate published on the working Friday of that week.)
If the 1M / 3M Compounded SORA is less than zero, zero will be applied.
OCBC 2Y/3Y 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 foundhere.
What are you here for?
Promotional rates for 1M Compounded SORA pricing package
Year 1: 1M COMPOUNDED SORA + 0.98%
Year 2: 1M COMPOUNDED SORA + 0.98%
Thereafter: 1M COMPOUNDED SORA + 1.40%
| Electricity Plans | Contract Duration | Promo Code | Entitlement |
| SUNSEAP-100 (Fixed Rate) | 24 months | OCBCECO80 | $80 Bill Rebate to be reflected on the 6th bill |
| SUNSEAP-100 (Discount Off Tariff) | 24 months | OCBCECO80 | $80 Bill Rebate to be reflected on the 6th bill |
The energy rate applicable for these plans can be found on Sunseap's website at www.sunseap.com at point of sign-up.
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FAQs
Should I refinance if I just refinanced? ›
Have interest rates lowered since you got your refinance? You may want to refinance again to take advantage. You can almost always save money if you're able to lower your interest rate without changing the term of your loan. Just a small change in your interest rate can save you hundreds, or even thousands, of dollars.
How do I completely redeem my housing loan? ›Submit an online application at HDB's website with your Singpass. Upon logging in, look under 'My Flat > Purchased Flat > Financial Info > Other Related Services>Partial Capital Repayment/Redemption of Housing Loan'. Your application will be processed within three working days upon the receipt of your request from HDB.
What is the difference between repricing and refinancing? ›Repricing refers to switching to a new home loan package within the same bank while refinancing refers to closing your current home loan account and setting up a new home loan account with another bank.
Why would you refinance your house? ›Why Should I Refinance My Mortgage? Refinancing can allow you to change the terms of your mortgage to secure a lower monthly payment, switch your loan terms, consolidate debt or even take some cash from your home's equity to put toward bills or renovations.