Cashew
Partner Bank

SCB Priority home loan rates

The lowest SCB Priority package we list today is 1.46% (floating). See its terms below, and compare it with every other major bank before you sign.

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SCB Priority

About SCB Priority home loans

Licensed financial institution regulated by the Monetary Authority of Singapore (MAS)

Best SCB Priority rates by category

SCB Priority
2 years fixed2Y lock-in
2.25%
SCB Priority
Floating
3M SORA + 0.20%

SCB Priority package terms

PackageLock-inEarly repayment penaltyFree conversion
2-year fixed2 years1.50%After 12 months
FloatingNoneNone1× free

Legal and valuation subsidy when you refinance to SCB Priority

  • HDB flats: 0.40% of the loan, up to $1,800 on loans of $400,000 or more.
  • HDB flats: $350; $500 on loans of $1,000,000 or more.
  • Private property: 0.40% of the loan, up to $1,800 on loans of $400,000 or more.
  • Private property: $350; $500 on loans of $1,000,000 or more.
  • Commercial property: $500.

Got a repricing offer from SCB Priority?

Before you accept, send it to us. We'll compare it with today's refinance packages from all major banks, after legal subsidies and switching costs, and tell you which is cheaper. If repricing wins, we'll say so. Free, no obligation.

Check my offer on WhatsAppRemind me before my lock-in ends

Refinancing away from SCB Priority

Lock-in. SCB Priority packages we list lock you in for 2 years; some have no lock-in. Leaving before it ends costs a penalty, usually 1.50% of the amount you repay, so plan the switch for when it expires.

Subsidy clawback. If SCB Priority paid your legal or valuation fees when the loan started, it can take that subsidy back if you redeem within a set period. Check the clawback period in your letter of offer.

Notice period. Most banks ask for around three months' written notice before you redeem the loan, so start comparing about four months before your lock-in ends.

See today's refinancing rates, or work out what switching would save you with the refinance calculator.

Compare refinance rates

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Questions, answered

Can Cashew reprice my SCB Priority loan?

No. Only SCB Priority can reprice its own loans. We can tell you whether its offer is competitive, and handle a refinance if switching is cheaper.

Should I reprice or refinance?

Repricing is quicker and has no legal fees, but you only get SCB Priority's packages. Refinancing opens up all major banks, and the new bank often covers the legal fees. That cover (a legal subsidy) can be clawed back if you leave early. Compare the total cost over the new lock-in, not just the rate.

When can I refinance away from SCB Priority?

Without a penalty, once your lock-in ends. Start 3 to 4 months before, because of the bank's notice period. Leaving SCB Priority during your lock-in usually costs an early redemption fee of about 1.50% of the outstanding loan.

Does Cashew charge?

No. Banks pay Cashew, and every bank pays the same commission, so our comparison isn't tilted towards any of them.

Remind me before my lock-in ends

Tell us when your SCB Priority lock-in ends and we'll email you three months before, in time to compare repricing with refinancing. You'll also get our regular email on rates.

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