Because of the trade war earlier on and now the Corvid 19 virus, interest rate is dropping. As such, this is probably a good time to start research on repricing. However, i know repricing is not free but i just don't know how much is the fee. Looking at POSB website only cause me more confusion.
For Without Lock-in, is the total fee for repricing consists of 0.75% of undisbursed loan amount + 800 processing fee. If that is true, that is a lot of money.
To clear the confusion, i call POSB Housing Loan number 63330033 and it looks like this fee is probably not fixed. After they get all my information, they let me know that the repricing fee is only 300, so much difference to what they put on their website. So for those who has the same issue as me on trying to understand their repricing fee structure, make a call as you might not get the same number as mine.
For Without Lock-in, is the total fee for repricing consists of 0.75% of undisbursed loan amount + 800 processing fee. If that is true, that is a lot of money.
To clear the confusion, i call POSB Housing Loan number 63330033 and it looks like this fee is probably not fixed. After they get all my information, they let me know that the repricing fee is only 300, so much difference to what they put on their website. So for those who has the same issue as me on trying to understand their repricing fee structure, make a call as you might not get the same number as mine.
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