What are the costs to look out for when switching from HDB loan after 1 year to a bank loan?

What Lok Yang Teng said is true...however interest rate is relatively low at the moment...

1.38% fixed for 3 years is a rare deal...it save your cost and that cost saving, you can invest and get better returns .

you can read the link below from some1 experience.

https://r.search.yahoo.com/_ylt=Awr9ImeWK6peLIY...

Reach out to me if you want to refinance your loan.

https://www.facebook.com/Colin.financialadvisor/

#planwithcolin​​​

There are some considerations:

• Cannot switch back to HDB loan after switching to bank loan

• Unable for early repayment without incurring extra fees

• If interest rate rise in the next few years, then the loan might cost more in the long run

• Harder to determine future cashflow since the rates are not fixed (especially important for those not earning a regular income)