CNA938 Rewind - More HDB owners switching to bank loans as rates hit 3-year low
With home-loan interest rates dropping to their lowest level in three years, more home owners are refinancing from the HDB concessionary loan to cheaper bank home-loans to lock in savings. Banks are aggressively competing for refinancing business by offering not only lower rate loan packages, but also extras like cash rebates, legal fee subsidies and flexible conversion/repricing options after year one. Hairianto Diman and Syahida Othman find out how much savings home owners get from switching to bank loans and whether this trend will continue into 2026 with David Baey, CEO, Mortgage Master