Navigating home loans can be challenging, especially with today's fluctuating interest rates and high inflation. Many homeowners desire the stability of a fixed-rate mortgage but also want the option to switch to a lower floating rate if interest rates fall.
DBS Easy Switch Loan for completed properties offers a unique solution. You begin with a fixed rate and simultaneously lock in a pre-determined 3-month SORA rate. This provides the predictability of fixed repayments while offering the flexibility to switch to the SORA rate at any time after disbursement, allowing you to take advantage of potentially lower interest rates if market conditions improve.
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Take out the guess work with a pre-determined SORA rate and enjoy the flexibility to switch at anytime after disbursement.
Enjoy the stability of a fixed rate with consistent monthly loan repayments, while knowing you can switch anytime should market conditions change.
When SORA drops, exercise the switch to the SORA pre-determined package anytime to capture interest rates savings.
DBS Easy Switch for Completed Properties offers 2-Year and 3-Year Fixed Packages with a pre-determined SORA package to switch to, anytime after disbursement
Package
2-Year Fixed at 2.55% p.a.
3-Year Fixed at 2.58% p.a.
Year 1
2.55% Fixed
2.58% Fixed
Year 2
Year 3
3M SORA + 1.00%
Year 4 onwards
Commitment Period
2 Years
3 Years
Minimum Loan Size
S$500,000
Features
Option to switch to predetermined SORA package anytime after disbursement
Pre-determined SORA package
1 Year lock-in periodYear 1: 3M SORA + 0.35%Year 2: 3M SORA + 0.40%Thereafter: 3M SORA + 1.00%
1 Year lock-in periodYear 1: 3M SORA + 0.35%Year 2: 3M SORA + 0.35%Year 3: 3M SORA + 0.40%Thereafter: 3M SORA + 1.00%
Illustration:
Adrian lives in a private condominium. He has an existing home loan amount of S$1,600,000 with another financial institution. His existing floating loan package has passed the lock-in period with the all-in interest rates hovering around 4.20% p.a.
If Adrian chooses to refinance to the DBS Easy Switch Loan for completed properties, he enjoys the stability of having a fixed rate by paying predictable monthly interest on his mortgage during his lock-in period.
For New Loans or Refinancing from another bank
Apply for DBS Easy Switch Loan for your completed property today.
Need some assistance?Our Home Advice Specialists are here to advise you or answer any queries you have. Leave us your contact details and we will get back to you by the next working day.
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If you have an existing home loan from DBS
Reprice your home loan easily using digibank.
Need some assistance?Kindly leave your contact details and our Relationship Officer will be in touch with you.
To convert your DBS Easy Switch loan to the predetermined SORA package, please submit your request here.
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