FHR Revision | DBS Singapore

Revision in Singapore Dollar Fixed Deposit Home Rates

For existing DBS Home Loan customers with interest rate pegged to Fixed Deposit Home Rates (FHR)With the increase in DBS Singapore Dollar Fixed Deposit (S$FD) board interest rates from 7 December 2022, the FHR will increase accordingly.

The revised rates applies from 7 December 2022:

	Before 7 Dec	From 7 Dec
FHR6 (Based on 6-month S$FD board interest rate)	1.400%	2.90%
FHR8 (Based on 8-month S$FD board interest rate)	1.450%	3.00%
FHR9 (Based on 9-month S$FD board interest rate)	1.500%	3.10%
FHR12 (Based on 12-month S$FD board interest rate)	1.600%	3.20%
FHR18 (Based on 18-month S$FD board interest rate)	1.700%	3.20%
FHR24 (Based on 24-month S$FD board interest rate)	1.700%	3.20%
FHR (Based on the average of 12-month and 24-month S$FD board interest rates)	1.650%	3.20%

For more information on the DBS Singapore Dollar Fixed Deposit (S$FD) board interest rates, click here

Revision to your monthly InstalmentYour monthly instalment amount will increase from March 2023 due to this rate revision. You will receive a letter in January 2023 informing you of the revised monthly instalment amount.Meanwhile, please refer to the below table to estimate the increase in your monthly instalment amount.

	Loan tenure
Change in monthly instalment amount for every S$100,000 outstanding loan amount	10 years	15 years	20 years	25 years	30 years
For loan pegged to FHR6	+S$68	+S$71	+S$73	+S$75	+S$78
For loan pegged to FHR8	+S$70	+S$73	+S$75	+S$77	+S$80
For loan pegged to FHR9	+S$73	+S$75	+S$77	+S$80	+S$83
For loan pegged to FHR12	+S$73	+S$75	+S$77	+S$80	+S$83
For loan pegged to FHR18	+S$68	+S$71	+S$73	+S$75	+S$78
For loan pegged to FHR24	+S$68	+S$71	+S$73	+S$75	+S$78
For loan pegged to FHR	+S$70	+S$73	+S$75	+S$77	+S$80

Example: Outstanding loan amount of S$500,000 with a loan tenure of 20 years

Increase in monthly instalment for FHR6: S$73 x 5 = S$365

Increase in monthly instalment for FHR8: S$75 x 5 = S$375

Increase in monthly instalment for FHR9: S$77 x 5 = S$385

Increase in monthly instalment for FHR12: S$77 x 5 = S$385

Increase in monthly instalment for FHR18: S$73 x 5 = S$365

Increase in monthly instalment for FHR24: S$73 x 5 = S$365

Increase in monthly instalment for FHR: S$75 x 5 = S$375

If you pay your monthly instalment using CPF savings

For private property owners:

For HDB owners: We will inform CPF Board on your behalf. CPF Board will adjust the amount to be deducted from your CPF Ordinary Account. Any difference between the revised instalment amount and the CPF savings received will be debited from your loan servicing account.

If you pay your monthly instalment via your DBS/POSB account

No action is required. The revised monthly instalment will be deducted from your loan servicing account on the instalment due date from March 2023. For more details on your home loan account, login to iBanking / Digibank to view:

Your outstanding loan amount

Your monthly instalment amount (The revised monthly instalment amount will be reflected from January 2023)

Managing your home loan

Reprice your loan

You may reprice your loan to a new loan package. Click here to find out more on our latest packages or put in your request here.

We will be in touch with you once we have received your request, to assist you to work out the sums and make an informed decision.

Reduce your monthly instalment by making a partial repayment

A partial repayment is an ad-hoc repayment to reduce the outstanding balance of your loan. You could use cash or CPF savings. Prepayment charges will apply if you make a partial repayment within the commitment period.

The minimum partial repayment amount is S$10,000, in multiples of S$1,000. A one-month notice period is required to process your partial repayment request.

Click here for more details and submit your request.

Estimate your new monthly instalment with our Repayment calculator

For a more detailed breakdown of your monthly instalment, you may use our Repayment calculator to calculate the estimated new amount.

To use our Repayment calculator, please click here.

FAQs

Why are you increasing the reference rate (FHR/FHR6/FHR8/FHR9/FHR12/FHR18/FHR24)?

As your housing loan interest rate is pegged to our DBS Singapore Dollar Fixed Deposit (S$FD) board interest rates, with the increase in S$FD , the reference rate is increased consequently.

Why did different FHR benchmark increase by different amounts?

The FHR benchmarks reference the prevailing Singapore Dollar Fixed Deposit (S$FD) interest rates. The S$FD rates is constantly reviewed by the bank to remain competitive amidst the prevailing interest rate environment.

Where can I view my existing home loan details?

Your existing home loan details are available in digibank. You may refer to this guide on how to obtain and understand your home loan transactions.

I am concerned about having difficulties in repaying my monthly instalments.

If you require additional support in repaying your housing loan instalment, you may reach out to us here and we will be in touch with you to discuss other options of repayment plans which may be more suitable for you.

What options do I have in managing my monthly instalment?

You can choose to reprice or make a partial repayment.

If you are eligible for repricing, you may find out more on our available packages here.
If you would like to make a partial repayment, click here to learn more and submit your request.

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