Refinancing your home loan in Singapore can lead to significant savings, especially as bank loan rates have dropped well below the HDB concessionary rate of 2.6%. Whether you are considering switching from an HDB loan to a bank loan, comparing refinancing versus repricing, or timing your move around lock-in periods and property market shifts, understanding the costs, trade-offs, and process is essential to making the right decision. Historical data shows bank loans have been cheaper than HDB loans roughly 76% of the time over the past 20 years, making refinancing one of the most impactful financial moves a homeowner can make.
