DBS Singapore | POSB | POSB Home Ideal

POSB Home Ideal now gives you the protection you always wanted.

POSB Home Ideal now comes with:

FREE Child Edu Benefit¹
Providing you cash benefit of up to $600 to cover the cost of your children's education should you lose your income.

FREE Home Contents Protection¹
Besides protecting your home against loss or damage resulting from a fire, our insurance also covers your home contents for up to $20,000.

Mortgage Insurance²
Simple and hassle-free application to protect your loved ones from your mortgage liabilities due to unforeseen circumstances.

POSB Home Ideal, the first housing loan pegged to CPF rate, lets you enjoy:

Transparency on your home loan rates³ since CPF rates are known to the public

Stable interest rates with rates pegged to CPF Ordinary Account rates as the historical trend shows that this rate has remained at 2.5% p.a. since July 1999⁴

Certainty and peace of mind with no rate surprises

Whether it is a private property or HDB flat, you can count on stable interest rates with POSB Home Ideal.

Please click here to find out more about POSB Home Ideal Packages for HDB Properties

Please click here to find out more about POSB Home Ideal Packages for Private Properties

Home in on POSB Home Ideal. Sign up today.
Talk to us for a home loan that stays true to your needs. Click here to contact us.
Alternatively, visit any POSB branch or call 6333 0033.

A home loan tip for you
A home loan is a long-term commitment. Consider the stability of the interest rate for the duration of your loan.

Terms and Conditions

1.	Child Edu Benefit refers to Involuntary Unemployment Insurance with a monthly cash benefit of S$100 for up to 6 months and eligibility includes having a legal child between 1 month and 25 years of age. Home Contents Protection refers to Fire insurance with home contents cover. The free coverage is for 1 year only and the insurance policies are underwritten by MSIG Insurance (Singapore) Pte. Ltd.
2.	Mortgage Insurance refers to Mortgage Assurance Plus which is underwritten by Aviva Ltd. Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid. You may wish to seek advice from a financial adviser before making a commitment to purchase the product. In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you.
3.	The Bank reserves the right to vary the interest rate if any of the following conditions occur: i) CPF Board changes the basis of computation for CPF rates ii) Changes to the CPF Act which governs the CPF rates iii) Any other condition that the Bank may impose from time to time.
4.	Historical rates are not necessarily indicative of future interest rates.

This document is not a contract of insurance. For full details of terms and conditions, please refer to the Master Policies lodged with DBS Bank Ltd which are available upon request via homeloan@dbs.com or the relevant policy contract. This material is published for information and general circulation only and does not have any regard to any specific investment objectives, financial situation or particular needs of any specific person, and is not to be relied on by the reader as professional advice. Any opinion or estimate contained in this material is made on a general basis, is subject to change without prior notice and may involve a number of assumptions which may not be valid. Although the information contained in this material has been taken from sources that are believed to be accurate, no warranty or representation is made as to its correctness, completeness or accuracy, and DBS expressly disclaims liability for errors or omissions in the same.

Other terms and conditions apply. All information correct at time of publishing.

IMPORTANT INFORMATION

The Bank may vary the interest rate from time to time. If the interest rate is revised, the monthly instalments will be based on the revised interest rate and may be increased or reduced.

An interest rate quoted for a particular housing loan applies only to that housing loan package, and may differ from the interest rates offered to other customers for other types of housing loan facilities.

To assist you in your planning, we are pleased to provide upon request from any of our branches, loan repayment schedules in respect of our home loan packages.

Note: The Association of Banks in Singapore (ABS) has published a "Guide on Home Loans", and you are encouraged to read this before committing to any housing loan. The guide is available on MAS' and ABS' websites in the four official languages. Copies of the guide are also available at any of our branches.

Terms and Conditions