Best Mortgage rates in
Singapore 2025

Mortgages aren't locked in forever. You can make adjustments to your home loan once your lock-in period is over. In most cases, a lower interest rate is offered to clients with a bank loan until the end of the lock-in period. This promotional rate diminishes after the lock-in period is over, as interest cost is more likely to increase. Therefore, it may be wise to relook your options - to reprice or to refinance.
To find out about comparisons between repricing and refinancing, you can refer to our helpful guide here.
In a nutshell, repricing keeps your loan with your current lender by switching your previous loan package to one with better loan terms like one with a lower interest rate. If you do not have the time to compare other banks, it is more convenient to reprice.
On the other hand, refinancing lets you select from a wide range of loan packages and interest rates from different banks. This means that you will be financing your home with a mortgage loan from a different bank. You may even enjoy better perks compared to sticking with the original bank you were lending from.
If you are thinking about refinancing, check in with an expert. Mortgage Experts at PropertyGuru Finance are ready to guide you through the refinancing process at no charge. You can also utilise SmartRefi to determine how much savings you can enjoy when you decide to refinance.

As a savvy homeowner with a mortgage, maximising interest savings and reducing interest expense is most likely your top priority. If you would like to reduce your monthly repayment amount, then refinancing may be what you need.
Refinancing offers attractive incentives and interest rates, providing you with deals to keep your home loan affordable. Once your lock-in period is up, it is a great time to see if another bank is able to offer you lower interest rates. Refinancing with a bank loan offering a lower interest rate provides you with a money saving opportunity.
It is important to do your research to take advantage of the top deal in the market. SmartRefi helps you to find out the ideal time to refinance by tracking your current mortgage against the interest rates offered by different banks in Singapore. You will also be able to view your potential costs and savings.
PropertyGuru Finance offers a free-to-use refinancing comparison tool and mortgage loan comparison tool to help you in hunting for your perfect home loan for the best prices.

When your lock-in period isn't over, you are unable to make any changes to your loan package. This includes your loan amount, tenure, and the interest rate that you had previously signed up for.
Even if you are lucky enough to strike a lottery or get an inheritance, you can't pay off your mortgage without a penalty. You will end up incurring a prepayment penalty. However, once your lock-in period is over, you have the option to refinance - to sign for a new loan package with better terms, without any penalty.
You have the flexibility to change the loan amount and tenure based on the new package. This gives you the opportunity to make a lump sum payment to offset your initial mortgage amount, thus reducing the remaining mortgage for the new loan package

In a similar vein, you can choose to shorten or lengthen the loan tenure when you refinance after your lock-in period. You might wish to pay up the remaining mortgage as soon as possible by reducing the duration of your mortgage loan. That said, a shorter mortgage duration does mean higher monthly repayments.
On the flip side, have you considered the potential benefits of a longer loan tenure? Having a longer loan tenure may mean dragging out the pain for some. However, it keeps your monthly expenditure manageable and lightens your financial burden. You will have more disposable income for investments that offer higher returns. In the event of emergencies, you will also have cash on hand to tide you through.
Whatever decision you choose to make, do ensure that you have done your due research and/or consult experts for advice.
Not sure where to look for one? Our friendly Mortgage Experts are here to help. They will simplify the refinancing process, saving you time and money. Furthermore, their service is completely free of charge. So, you can save more and worry less.

You must assess your financial needs before settling on a suitable mortgage loan package. Equipping yourself with the relevant information is essential in making an informed decision when refinancing. You can gather this information by visiting all the banks in Singapore to find out their individual mortgage rates. Be sure to compare thoroughly and take note of their fine print and charges.
Alternatively, you can save yourself time and hassle by using our mortgage loan calculator. We make it easy to compare across all the banks for the best interest rates. Our Mortgage Experts are also a call away to assist you in finding the best mortgage rate.

Understanding your motivation behind refinancing is the first step to refinancing your home loan.
Some common goals include lowering the monthly repayment amount, repaying the debt as soon as possible, or gaining liquidity for significant expenses.
By understanding your refinancing goals, we can help you find a suitable home loan package that suits your financial needs.

SmartRefi helps you analyse your current mortgage by gathering various factors such as the location of your current property, purchase amount, original lender, current interest rate, and the duration of your lock-in period.
With SmartRefi, we offer objective and sound financial advice on the next step in your mortgage process, which may include consulting experts' advice.

Once your lock-in period is over, you can look for a new mortgage loan package to keep your home loan affordable. Utilise our easy-to-use mortgage loan calculator to view all the comparisons on your screen.
Our Mortgage Experts at PropertyGuru Finance are here to assist you in handling the paperwork. Let us do the legwork for you and help make your refinancing process effortless and stress-free.

We go beyond savings and consider your loan structure and refinancing costs against current interest rates, to pinpoint the best time for you to refinance and save.