Repricing Tip: Do It 6 Months Before Lock-In Ends
Most people wait until the lock-in ends, then rush.
If your bank allows it, my tip is simple: start asking about repricing 6 months before lock-in ends.
The new package can start immediately
This is what many people miss.
Repricing usually takes weeks, not “auto-start on lock-in end date”. DBS, for example, says repricing approval is about 4–5 weeks, and consumer guides commonly cite about a month.
So if you reprice 6 months before your current lock-in ends, your new package may kick in soon after. If that new package has a fresh lock-in (very common), the lock-in countdown starts earlier too.
Net effect: you bring forward your next “freedom date”. By the time your original lock-in ends, you may already be months into the new lock-in.
Just confirm the effective date and lock-in terms in writing. Every bank/package can differ.
Not every bank will entertain T-6, so check
Some banks in Singapore do allow it eg. Standard Chartered Bank
But don’t assume every bank will quote you that early. Some brokers even point out that many repricing desks may not want to quote if you call too early, and may ask you to check again like 3–4 months before expiry.
So the move is: ask early, then confirm what your bank’s actual policy is.
2025 rates are turning
On 10 Dec 2025, the Fed cut rates by 0.25% to 3.50%–3.75%.
If you have a mortgage that started 2 or even 1 year ago, you will be happy to know that interest rate is very low now. A 2-year fixed mortgage is around 1.5% only!
Singapore mortgages often reference SORA, which MAS defines as a volume-weighted average of unsecured overnight interbank SGD borrowing transactions.
SG rates won’t mirror the Fed perfectly, but in a cutting cycle, flexibility matters. You don’t want to be stuck simply because you acted too late.
