Is now a good time to refinance loans?

The only reason not to refinance loan is because you are still locked in.

Refinance when you can, since banks will always offer a better rate to switch you over, or lock you in again for a couple of years. The only reason you can't is when the loan amount is too small

Typically there are fees when it comes to refinancing.

Banks typically shape products to be advantageous to them in a few years time.

also, Singapore banks are going to move to Singapore Overnight Rate Average instead of relying on SOR rates to keep rates stable, we do not know if SORA will be higher or lower Than SIBOR.

Either way, speak to a mortgage broker to see what are your options as far as refinancing goes.

for yourself, emphasize on earning more so that you can complete your loans quicker.

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