Why Paying 2.6% on Your HDB Loan No Longer Makes Sense
With HDB concessionary loans fixed at 2.6% and banks now offering rates as low as 1.60%, many homeowners are paying more than they need to on their mortgages. By refinancing, a typical homeowner with a $500,000 loan could save around $6,000 in just two years — with most banks even subsidising legal and valuation fees for loans above $250,000. The process takes about 6–8 weeks and, while you can’t revert back to an HDB loan once you switch, refinancing is an attractive option for those looking to sell in the near future or pay down their mortgage faster. Cashew makes the process simple by comparing over 500 live packages across all major banks and guiding you to secure the best rate with confidence.
Justin Admin·23 Sept 2025
