2026 New Year Financial Goals: Setting Up Your Mortgage for Success with Bank Rate Comparison
As you set your 2026 New Year financial goals, prioritizing your mortgage strategy tops the list for Singapore property buyers and owners. Homejourney's bank rate comparison guide helps you compare rates from DBS, OCBC, UOB, HSBC and more to secure the lowest rates, potentially saving thousands annually in a falling rate environment.
This cluster article dives into actionable bank comparisons, linking back to our pillar guide on 2026 New Year Mortgage Goals: Set Up Your Home Loan for Success. At Homejourney, we prioritize your safety and trust with verified rates and multi-bank applications via Singpass for faster, secure approvals.
Why Bank Rate Comparison is Your Top 2026 New Year Mortgage Goal
Singapore home loan rates have hit 3-year lows in early 2026, with fixed rates dropping to 1.4-1.8% from 3.1% at the start of 2025, driven by US Fed cuts.[3] This creates a prime window for refinancing or new loans, especially as bank rates undercut HDB's fixed 2.6% rate.[3]
Actionable Step 1: Use Homejourney's real-time comparison at https://www.homejourney.sg/bank-rates to see promo fixed rates like 1.48% for 2 years on resale condos.[1] Calculate eligibility instantly with our mortgage calculator at https://www.homejourney.sg/bank-rates#calculator.
Switching from HDB loans surged 7x at OCBC in 2025, saving S$4,100 yearly on a S$500k loan.[3] Homejourney simplifies this with one application to all major banks, letting them compete for you.
Current Best Rates: Fixed vs Floating for 2026
Fixed rates dominate promos for stability in your new year home loan strategy. For resale condos/landed: Best 2-year fixed at 1.48%, Maybank 1.65%, DBS 1.75%.[1] HDB resale flats see promos at 1.45% EMI fixed.[1]
| Bank | Loan Type | Year 1 Rate | Year 2 Rate |
|---|---|---|---|
| Promo | 2 Yr Fixed (Resale Condo) | 1.48% | 1.48% |
| Maybank | 2 Yr Fixed | 1.65% | 1.65% |
| DBS | 2 Yr Fixed | 1.75% | 1.75% |
| Promo | 1M SORA (Refi Floating) | +0.25% | +0.25% |
Floating options like 1M SORA +0.30% suit HDB buyers seeking flexibility.[1] DBS offers 1.50% fixed for 2 years with 3M SORA +1.00% after, plus cash rebates up to S$2,800 on refi.[2]
The chart below shows recent interest rate trends in Singapore:
Rates continue downward, favoring locks now for your financial resolution mortgage goals.[3]
Top Banks Compared: DBS, OCBC, UOB, HSBC & More
DBS: Market Leader with Flexible Features
DBS holds 80% market share with locals.[2] Rates: 1.50-1.78% fixed 2yr, switch to 3M SORA +0.32% anytime in lock-in, 100% sale penalty waiver.[2] Best for HDB with POSB loan at 1.55% 3yr fixed, no early repayment penalty.[3] Pros: Strong app, rebates. Cons: Higher min loan S$500k.[2]
OCBC: Refinancing Surge Favorite
OCBC saw 7x HDB-to-bank switches.[3] Competitive 1.65% 2yr fixed.[1] Ideal for upgraders; pair with Homejourney's property search for budget fits.
UOB, HSBC, Standard Chartered, Maybank Highlights
- UOB: Reliable floating 3M SORA options, solid for investors.
- HSBC: 1M SORA at 1.1739% base (Jan 2026), customizable packages.[8]
- SCB: 1.68% 2yr fixed, good for expats.[1]
- Maybank: Top promo 1.65% fixed, low spreads +0.40% SORA.[1]
CIMB, RHB, Public, Hong Leong, Citibank offer niche promos—compare all on Homejourney.
Actionable Steps to Pay Off Mortgage Faster in 2026
- Compare & Calculate: Visit Homejourney bank rates for live updates.
- Check Eligibility: Use Singpass for instant calc—factor TDSR at 55% income debt.
- Apply Multi-Bank: One form gets offers from all partners; brokers guide free.
- Refi Smart: Time post-lock-in, mind fees. Example: S$500k loan at 1.6% saves S$500/mth vs 3%.[3]
- Track SORA: Homejourney shows live rates to refinance optimally.
Link to Boost Approval Odds for docs tips. Disclaimer: Rates fluctuate; consult advisors. Homejourney verifies data for trust.
FAQ: 2026 New Year Mortgage Goals
Q1: What's the best 2026 fixed rate for HDB resale?
A: Promos at 1.45% EMI 2yr fixed; compare on Homejourney.[1]
Q2: Should I switch from HDB loan now?
A: Yes if bank rates <2.6%, but no reverse switch. Saves up to S$4,100/yr.[3]
Q3: How does Homejourney make applying safe?
A: Singpass auto-fill, multi-bank bids, verified rates—your trusted platform.
Q4: Floating or fixed for pay off mortgage faster?
A: Fixed now for predictability; refi to floating if SORA drops further.
Q5: Min docs for approval?
A: Income proof, CPF, property docs. Homejourney streamlines via bank-rates.
Ready for new year mortgage goals 2026? Start at Homejourney bank rates—compare, calculate, apply securely. Explore properties at https://www.homejourney.sg/search and our pillar guide for full strategy.
