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Refinance Home Loan Rate in Singapore

Your home could be your largest financial commitment ever. Whether is it a new loan or refinancing your existing housing loan, you deserve a better deal. We offer you a suite of fixed and variable rate packages and provide you with 100% free advice and services on taking or refinancing your home loan.

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Refinance Home Loan Overview

Refinancing a home loan basically means replacing your current mortgage with a new one, typically to secure a lower interest rate, reduce monthly payments, change loan terms, or access home equity. Homeowners refinance to save money, pay off mortgage faster, switch from an adjustable to a fixed rate, or take out cash for expenses. The process includes evaluating costs, checking your credit bureau and comparing lender rates, and the lock in tenure.

Mortgage Broker

Our mortgage broker has over 14 years of experience in the industry and will handle all the legwork—comparing multiple banks, securing the best deal, and managing the paperwork all at no cost to you.

Cheap Conveyancing

We don’t just guarantee the best refinance home loan rates, we also secure the best rates for conveyancing lawyers. With us, you save at every step without the hassle of doing the legwork!

Variable and Fixed Rate

A Fixed Rate is offered by the lender at a fixed interest rate for a specific set of time. Variable rates are typically pegged to a reference rate from an international body or a financial institution’s in-house rate.

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Refinance Home Loan Services F.A.Q

Find answers to commonly asked questions about Refinancing Your Home Loan in Singapore

When do i choose a fixed or variable rate?

In a rising interest rate environment, a fixed-rate package provides stability and protection against increasing costs. Conversely, in a falling interest rate environment, a variable-rate package allows you to benefit from lower rates over time.

What is the meaning of these terminologies? SORA, SIBOR, SOR

SIBOR – Singapore Interbank Offered Rate is determined by the interest rate which banks in Singapore lend unsecured funds to each other at a maturity of 1, 3, 6 or 12 months.

SORA – SORA is defined as the volume-weighted average rate of borrowing transactions in the unsecured overnight interbank SGD cash market in Singapore between 8am and 6.15pm.

Bank Board Rate – This is determined by the bank in-house board rate and are usually not as transparent as compared to SIBOR/SOR, banks may publish the rates on the website or their respective branches

Fixed Deposit Home Loan Rates – The fixed deposit home loan rates is another type of bank board rate that are benchmarked with the banks’ existing fixed deposit rate based on a term etc. 12 months.

Bank or financial institutions will commonly use a spread to determine your home loan rate, such as 0.5% spread + 3 months SIBOR. Hence, if 3 months SIBOR is at 1.5%, a 3m SIBOR variable rate with a 0.5% spread will make your total home loan interest rate to be 2% p.a.

Are there still legal subsidies from the banks?

If you are refinancing your property to another bank with an outstanding loan of $500,000 and above, we can assist you with legal fee subsidies together with your mortgage refinancing needs. You may not be required to fork out a single cent for your conveyancing fee.

Does Moneyline.SG provide rebates?

We do not believe in shortchanging our mortgage brokers and our lawyers for the hard work they put in to get you the best deals and mitigate tough cases, no we do not provide rebates.

How do i apply and pay?

After our home loan specialist will contact you via your form submission to clarify your needs and guide you through your options and paperwork. You can then apply for the home loan with them through a non face to face consultation process. There’s no fees as the banks will pay them an introducer fee

Have more questions? Chat with us for instant answers to your financial queries!

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Current Best Rate (Updated Jan 2026)

Loan Type	Fixed Rate	Variable Rate
Best Private Homes	1.35%	1.42%
Best HDB Rate	1.35%	1.42%
Best Private Uncomplete	1.85%	1.42%

Find out your monthly installment

Singapore Housing Loan Calculator

Estimate your monthly repayment, see total interest, and view an annual principal/interest breakdown. You can also factor in mortgage insurance (e.g., HPS or private decreasing term).

Loan Amount (SGD) Your principal amount borrowed (after downpayment). Interest Rate (% p.a.) Whole-number rate (e.g., 3.5 for 3.5% annual). Monthly rest amortisation assumed. Loan Tenure (years) Typical bank tenures are up to 30–35 years depending on property type & age.

Mortgage Insurance (Optional)

Would you like to consider mortgage insurance? For HDB, HPS is typically required unless exempted. For private property, many choose a decreasing term plan.

Estimated Insurance Premium (SGD / month) Optional. Enter to see the combined monthly (loan + insurance).

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Enquire About The Latest Best Home Loan Refinance Rate

Our Mortgage Brokers will provide you with objective advice and help you compare home loan quotes from different banks. 100% Free & No Commitment. Retrieve your info using your singpass app or manually fill in the form below.