FAQ

Frequently asked questions

Does refinancing cost me anything?

No — we're paid by the bank on successful drawdown, not by you.

Will refinancing affect my CPF?

It can, particularly for HDB owners — accrued interest on CPF used for your existing loan is a factor we walk through as part of your report.

Do I need to requalify under TDSR to refinance?

Not for a straightforward owner-occupied refinance that doesn't increase your loan amount or involve cash-out.

What if I'm still in my lock-in period?

We factor in the redemption penalty and show you the breakeven point — sometimes it's still worth switching, sometimes it's worth waiting, and we'll tell you either way.

How long does refinancing take?

Most cases complete within 8–10 weeks from application to the new loan taking over.

Does comparing car insurance affect my NCD?

No — your No Claims Discount carries over regardless of which insurer you compare with or switch to.

What information do I need for an insurance comparison?

Your current premium, NCD, coverage type (comprehensive, TPFT, or TPO), and workshop preference. Your vehicle's registration details help us get precise quotes.

Is comprehensive cover always the better choice?

Not always — it depends on your vehicle's value and your risk tolerance. We'll walk through the trade-offs as part of your comparison, not just default you into the priciest option.

How is Refinance SG paid for car insurance referrals?

We receive a commission from the insurer when a policy is placed through us — never a fee from you.

Is my information kept confidential?

Yes — your details are used only to prepare your comparison and, if you choose to proceed, your application. Exact data handling and PDPA language to be confirmed before launch.

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