Since the interest rates are lower now, is there any way I can refinance my DBS student loan? - Seedly
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Anonymous

Asked 4w ago

Since the interest rates are lower now, is there any way I can refinance my DBS student loan?

How should I do that? Thank you in advance!

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Will
Level 2. Rookie
Answered 2w ago

I reached out to DBS and was told that they do not allow for student loan refinancing. Hope that provides some clarity. Those that have lost their jobs due to COVID-19 may want to consider deferring their education loan payments.

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Lok Yang Teng
Lok Yang Teng
Top Contributor

Top Contributor (May)

Level 9. God of Wisdom
Answered 3w ago

Student loans have fixed interest rates. Loans which has a floating rate component, such as housing or car loan, will change when the reference rate changes.

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