Manage existing Home Loans

These are repayments, comprising of Principal and Interest, which are made every month towards your loan.

The balance of the monthly instalment after repaying the interest accrued on the loan goes towards the principal payment of your outstanding loan.

Monthly instalment due dates are typically fixed on the 1st of each month for private property loans and the 15th of each month for HDB loans.

Your instalments are due after the first drawdown of your loan as follows:

•	If the first drawdown occurs from the 1st up till the 5th of the month = Instalments to commence the next month.
•	If the first drawdown occurs after the 5th of the month till end of the month = Instalments to commence the month after next.

Example:

First drawdown of your loan on	First month instalment due date for
	Private property	HDB loans
5 June	1 July	15 July
6 June	1 August	15 August

If you intend to use CPF funds for your first instalment, you will need to inform your lawyer to set up the CPF remittance arrangement for your home loan.

This is also known as a capital repayment which you repay a portion of the outstanding loan. Each minimum partial repayment is S$10,000 and in multiples of S$1,000.

One month's written notice is required for partial repayment and you should refer to your Letter of Offer and the Terms and Conditions for any early repayment fees.

You can serve the partial repayment notice by mailing the completed Partial Repayment form to us.

Three months' written notice is required for full repayment and you should refer to your Letter of Offer and the Terms and Conditions for any early repayment fees.

You can appoint a law firm to handle the discharge of the mortgage or you can serve the notice of redemption yourself by completing the Full Repayment form and mail it back to us.

Upon full repayment of your loan, a law firm is required for the discharge of your mortgage before the title deeds along with other security documents are returned to you.

There will be a safekeeping fee if you do not discharge your mortgage after the loan is fully repaid.

Whether you are selling your property, refinancing or simply settling the loan, find out more on the available options for your full repayment below.

Sale of property

With the sale of your current property, you may be looking to buy a new one. As our valued HSBC home loan customer, you can enjoy up to S$800 worth of shopping vouchers when you take up your next home loan with us. Terms and conditions apply.

Using own funds

Maximise the potential of your liquidity with our range of wealth management products. Our Personal Wealth Manager would be pleased to share with you in more detail the type of products that are suitable for different risk profile and needs. Call us on 1800-HSBC NOW (4722 669) in Singapore or (65) 6-HSBC NOW (4722 669) from overseas.

Refinancing

Have a chat with our Mortgage Associate today and find out the benefits of staying with HSBC. Call us on 1800-HSBC NOW (4722 669) in Singapore or (65) 6-HSBC NOW (4722 669) from overseas.