Refinance & Equity Term Loan

What is Refinancing?

Refinancing means replacing your existing home loan package with another bank to secure better terms – such as lower interest rates, reduced monthly repayments, or more flexible features. At Dr. Loan, we handle refinancing for all property types in Singapore.

Refinancing can also be used to unlock equity term loans (cash-out refinancing), where you borrow against your property’s appreciated value. This allows you to free up cash for renovations, investments, education, or business expansion – while still keeping your property.

Note: Cash-out refinancing is not available for HDB properties due to CPF and HDB restrictions. It is only applicable for private, landed, and commercial properties.

Example (Cash-Out):

Optimize Your Existing Loan for Better Rates and Terms

If your mortgage is more than two years old, chances are you’re no longer on the most competitive rate. Refinancing is a smart strategy to lower your monthly repayments, restructure your loan, or unlock additional equity from your property. At Dr. Loan, we’ve helped hundreds of clients reduce their interest expenses by thousands of dollars each year.

When Should You Refinance?

You should consider refinancing when:

Your lock-in period is ending or over (usually 2-3 years)
You’re paying above 2% interest
Market rates have dropped
Your property value has appreciated (ideal for equity term loans on private/commercial)
Your financial situation has changed (e.g., pay raise, new business)

Why Refinance?

Refinancing allows you to:

Lower interest rates: Market rates may have decreased since you took your original loan.
Shorten or extend tenure: Pay off your loan faster or reduce monthly burden.
Change loan type: Switch from floating to fixed (or vice versa) based on market forecasts.
Cash-out refinance: Unlock capital from your property’s increased valuation.
Adjust borrower structure: Add or remove co-borrowers or restructure ownership.

Why Refinance with Dr. Loan?

Refinancing isn’t just about chasing the lowest rate. At Dr. Loan, we:

Compare packages across all major banks and 50+ financial institutions
Run a cost-benefit analysis after fees and subsidies
Access exclusive loan packages not always advertised
Provide tailored suggestions on interest rates suited to your risk appetite and comfort
Unlock cash safely without over-leveraging
Offer personalised follow-ups, so you can focus on life while we take care of your loan

With Dr. Loan, refinancing is simple, transparent, and always in your best interest.

When to Refinance

We advise refinancing:

When your lock-in period is ending or over
If you’re paying >2.5% interest
When your property value has appreciated
During market dips in interest rates
If your income situation has changed (e.g., pay raise, new business)

We’ll perform a cost-benefit analysis to compare your current package against new options, including any legal fees, penalties, or subsidies offered by banks for refinancing.

Tailored Loan Matching

Our consultants will:

Review and compare rates from all banks in Singapore and 50+ other financial institutions
Secure preferential interest packages not publicly advertised
Tailored advice on the pros and cons between 2-year, 3-year fixed, or SORA-linked packages
Guide you on partial repayments, redraw facilities, or flexible terms

We also ensure refinancing aligns with your mid- to long-term goals—whether it’s preparing for retirement, planning for a child’s education, or freeing up funds for a second property.

The Process Made Easy

We handle:

Refinancing with Dr. Loan isn’t just about saving money – it’s about making your finances work smarter and the process simpler for you.