Best Bank Refinancing Rates Comparison 2025 | Homejourney
In 2025, the lowest refinancing rates in Singapore start from 1.30% fixed for Year 1 and 1M SORA + 0.25% (around 1.43%) for floating rates, offered by banks like DBS, OCBC, and HSBC.[2][1] Homejourney simplifies your search by comparing rates from DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong, and Citibank in one secure platform.
Refinancing switches your mortgage to a new bank for better rates, potentially saving thousands annually on HDB or private properties. This cluster article dives into 2025's top rates, break-even analysis, and steps, linking back to our pillar guide on Singapore home loans for full coverage. Disclaimer: Rates fluctuate; always verify with Homejourney's real-time tools and consult professionals. Homejourney prioritizes your safety with verified data and Singpass integration.
Refinancing Fundamentals: Key Differences and When to Switch
Refinancing means moving your home loan from one bank to another, unlike repricing which stays with the same bank.[1] Opt for refinancing when seeking rates below your current one, especially post-lock-in (typically 2-3 years), or for cash rebates up to $2,800.[2]
For HDB owners, banks often cover legal fees if your loan exceeds $250,000 outstanding.[1] Private property investors benefit from competitive SORA-based packages. Check our bank rates page for live comparisons tailored to investment property refinance or second property loans.
- Repricing: Free or low-cost within same bank; ideal if your lender matches market rates.
- Refinancing: New bank, potential cashback $2,000-$2,800, but factor in valuation (~$500) and legal fees (~$2,000-$3,000, often subsidized).[2]
Learn more in our pillar: Refinancing vs Repricing Guide.
Top Bank Refinancing Rates Comparison 2025
Based on December 2025 data, here's a snapshot of competitive packages for loans $500k+ (conditions apply).[2][1] Homejourney aggregates these from partner banks for best bank refinancing rates comparison 2025.
| Bank | Year 1 Rate | Year 2 Rate | Lock-in | Refinance Rebate |
|---|---|---|---|---|
| DBS | 1.35% Fixed* | 1.35% Fixed* | 2 years | $2,300 |
| OCBC | 1.50% Fixed | 1.50% Fixed | 3 years | $2,000-$2,800 |
| UOB | 1.60% Fixed | 1.60% Fixed | 2 years | $2,000 |
| HSBC | 1.45% Fixed | 1.45% Fixed | 2 years | Rewards + $2,000 |
| Standard Chartered | 1.45% Fixed | 1.45% Fixed | 2 years | Up to $3,000 rewards[1] |
*For $500k+ loans; FC12 means free conversion after 12 months.[2] Track 3M/6M SORA live on Homejourney to time switches—current 1M SORA +0.25% yields ~1.43%.[1]
For investment property refinance or rental property refinance, prioritize low spreads post-Year 3. Use our mortgage calculator to compare against your portfolio.
Break-Even Analysis: Is Refinancing Worth It?
Calculate break-even: (Refinancing costs - rebates) / Monthly savings = months to recover. Example: $2,500 net cost, $200 monthly savings = 12.5 months break-even.[2]
For a $800k HDB loan at 2.5% old rate vs 1.45% new: ~$800/month saved. With $2,300 rebate, break-even in 3 months. Insider tip: Refinance in Year 4 when teaser rates end.[1]
- Input current loan details into Homejourney calculator.
- Subtract rebates (e.g., DBS $2,300 for $500k+).
- Add hidden costs: Check Hidden Refinancing Costs Guide.
Property portfolio refinancing shines for investors—consolidate second property loans for better investor mortgage rates.
Step-by-Step Guide to Refinance via Homejourney
Homejourney streamlines with multi-bank submissions—one form, multiple offers. LTV for refinance: Up to 75% for HDB, lower for private based on age/equity.[3]
- Check eligibility: Use Singpass login for instant verification.
- Compare rates: View DBS to Citibank packages live.
- Submit application: One-click to all partners; docs: NRIC, payslips, property title (auto-filled via Singpass).
- Receive offers: Banks compete—pick best for rental property refinance.
- Close: 4-6 weeks; track via app.[1]
Timeline: Apply post-lock-in expiry. For HDB upgraders, pair with property search.
Money-Saving Strategies for 2025
Negotiate: Leverage Homejourney's multi-offer system—banks bid lower.[2] Seek packages with FC options (free conversion). Combine with cash-out for property portfolio refinancing.
- Time for falling SORA (monitor on Homejourney).
- Target $1M+ loans for $2,500+ rebates.[2]
- Avoid clawback: Stay 3 years post-switch.
WhatsApp our experts for personalized investor mortgage advice. Read How to Calculate Savings.
FAQ: Best Bank Refinancing Rates 2025
What are the lowest refinancing rates in 2025?
From 1.30%-1.45% fixed Year 1-2 across DBS, HSBC, SCB for $500k+ loans.[1][2]
Can I refinance HDB loans?
Yes, to banks at better-than-HDB 2.6% rates; subsidies for $250k+ outstanding.[1][3]
How much rebate for investment property refinance?
$2,000-$2,800 cashback; use Homejourney for max offers.
What's LTV for second property loan refinance?
Up to 75% HDB, 55-75% private; calculate on our tool.[3]
When to refinance my rental property?
Year 4+, when rates rise; track SORA on Homejourney.
Secure the best bank refinancing rates comparison 2025 today on Homejourney—compare, calculate, apply safely. Visit https://www.homejourney.sg/bank-rates or our pillar guide for complete Singapore mortgage insights. Your trusted partner for transparent property decisions.
