Repricing is the process of switching an existing home loan to a different package offered by the same bank. MoneySense describes repricing — also called conversion — as refinancing at the current bank.
Key takeaways
- Repricing keeps the loan with the existing bank; refinancing moves it to a new lender.
- MoneySense sets out asking the existing bank for repricing options before approaching other banks.
- MoneySense lists a conversion fee among the charges to ask the existing bank about when converting a loan to a differently priced package.
- A lock-in period on the existing package can still trigger a penalty, so the terms apply to repricing as well as refinancing.
- The repriced package carries its own lock-in period and charges, which the bank sets out before the change is accepted.
See how this applies to your own figures.
Singapore Refinance Calculator →How repricing differs from refinancing
In a repricing the lender does not change: the loan stays with the existing bank and moves onto a differently priced package. In a refinancing the outstanding balance is taken over by a different bank under a new loan agreement. MoneySense groups both under the same review, and lists conversion fees among the charges that terminating a current package can bring, alongside lock-in penalties, clawbacks and additional legal fees.
Questions MoneySense sets out for the existing bank
- Does the lock-in period still apply to the current loan, and would penalties follow?
- Will terminating the current package incur a fee, such as a lock-in penalty, a clawback, additional legal fees or a conversion fee?
- Can the loan be converted to a differently priced package, and what charges are involved?
- Is there a lock-in period on the new package, how long is it, and what charges are involved?
Comparing a repriced package
MoneySense sets out comparing the repriced loan from the current bank against refinancing packages from other banks, looking at the updated repayment schedules, the interest payable, and both the advertised rate and the Effective Interest Rate for each package.
Key repricing figures
| Item | Figure |
|---|---|
| Lender after repricing | unchanged — same bank |
| Typical charge | conversion or administrative fee |
| Fees MoneySense says to ask the bank about | lock-in penalty, clawback, legal fees, conversion fee |
| Lock-in penalty on the existing package | can still apply |
Figures as at 2026. Source: MoneySense.
Worked example
On the MoneySense illustration of an SGD 800,000 loan over 30 years on monthly rest, the instalment is SGD 3,592 a month at an effective interest rate of 3.5% and SGD 3,160 at 2.5% — a difference of SGD 432 a month. Repricing captures a change of that kind without moving the loan to another lender, so the comparison is against the charges the existing bank sets out for the conversion.
Related terms
All Singapore glossary terms →Related calculator
Compare a repriced package against the current home loan and see the change in monthly instalment.
This page is provided for educational and informational purposes only. It does not constitute financial advice. All figures and worked examples are estimates for illustrative purposes, are subject to change, and do not reflect any individual’s circumstances. Always refer to MoneySense and seek independent professional advice before making any financial decisions.