Best Bank Refinancing Rates Comparison 2025 | Homejourney
Compare the best bank refinancing rates comparison 2025 on Homejourney to save money refinancing and reduce mortgage payments. As of late December 2025, top rates start from 1.30% fixed for Year 2 and 1M SORA + 0.25% (around 1.42%), with cash rebates up to $2,800 covering costs.[1]
This cluster article dives into 2025 refinancing rates from DBS, OCBC, UOB, HSBC, Standard Chartered, and more, helping you lower interest rates safely. It connects to our pillar guide on Singapore home loans, offering tactical steps for HDB and private property owners. Homejourney prioritizes your trust with verified rates and Singpass-enabled applications at https://www.homejourney.sg/bank-rates.
Refinancing Fundamentals: Key Differences and When to Switch
Refinancing means switching your home loan to another bank for better terms, like lower rates or features, while repricing stays within the same bank.[1][2][4] Choose refinancing for access to competitive packages from multiple banks; opt for repricing if your current bank matches top offers without switching fees.[2]
In 2025, HDB flat owners are refinancing to bank loans cheaper than HDB's 2.6% rate, with floating SORA-linked packages at 1.34%-1.8%.[3] Fixed rates from 1.30%-1.78% dominate top packages, often with 2-3 year lock-ins and free conversion options.[1] Homejourney simplifies this—compare rates from all major banks in one place.
Top Bank Refinancing Rates Comparison 2025
Here are standout refinancing rates as of week ending 29 Dec 2025 (min loan $500k unless noted).[1] Always verify latest via Homejourney's real-time tracker.
| Bank | Year 1 Rate | Year 2 Rate | Lock-in | Rebate (Refi) |
|---|---|---|---|---|
| DBS/ POSB | 1.78% Fixed | 1.78% Fixed | 2 years | $2,000-$2,800 |
| OCBC | 1.60% Fixed | 1.60% Fixed | 2 years | $2,000-$2,800 |
| UOB | 1.50% Fixed | 1.50% Fixed | 3 years | $2,000 |
| HSBC | 1M SORA +0.25% (1.36%) | Same | 2 years | $2,300 |
| Standard Chartered | 1.35%* Fixed | 1.30%* Fixed | 2 years | $2,300 |
| Maybank/CIMB/etc. | 1.50%* Fixed | 1.35%* Fixed | 2 years | $2,300 |
*Conditions apply. Rebates cover legal/valuation fees, netting savings.[1] Use Homejourney's refinance savings calculator to project refinance savings.
Understanding SORA and Interest Rate Trends
SORA (Singapore Overnight Rate Average) is the key benchmark for floating rates in Singapore, with 3M SORA at historic lows around 1.34% in 2025.[3] Most refinancing packages tie to 1M or 3M SORA plus a margin.
The chart below shows recent interest rate trends in Singapore:
Rates have dropped significantly since mid-2025, driving refinancing waves, but may stabilize in 2026.[3] Track live SORA on Homejourney to time your move.
Financial Analysis: Calculate If Refinancing Saves Money
To cut mortgage costs, compute break-even: (Refi fees - rebate) / Monthly savings = months to recover.[2] Example: $400k loan at 3% to 1.5% saves ~$500/month. With $2,300 rebate covering $2,500 fees, break-even is 4 months.[1][3]
Net gain: $3,600 first-year savings vs HDB loan.[3] Factor lock-in penalties if early (2-3% of loan).[2] Read our guide on How to Calculate If Refinancing is Worth It for details. Use Homejourney's calculator for personalized math.
Timing and Hidden Costs of Refinancing
Refinance post-lock-in to avoid penalties; 2025 saw peaks as rates hit 3-year lows.[3] Watch for clawback if rates rise soon—choose packages with free conversion after Year 1.[1]
Hidden costs: Legal ($2k-$3k), valuation ($500-$1k), but rebates offset most.[1][2] Check Hidden Costs of Refinancing. Homejourney verifies all offers for transparency.
Step-by-Step Guide to Refinance via Homejourney
- Compare rates: Visit https://www.homejourney.sg/bank-rates for DBS, OCBC, UOB, HSBC, etc.
- Calculate savings: Use our refinance savings calculator.
- Apply via Singpass: Submit one form—banks compete with offers.
- Documents: NRIC, income proof, property title (auto-filled via Singpass).
- Timeline: 2-4 weeks; track on Homejourney dashboard.
- Close deal: Receive rebate, lower payments instantly.
Learn repricing differences in Refinancing vs Repricing. Homejourney's multi-bank system saves time—no branch visits.
Money-Saving Strategies and Negotiation Tips
- Submit via Homejourney for top rebates ($2k+).[1]
- Negotiate: Pit offers against each other—banks compete.
- Combine with goals: Extra cashout if equity allows (TDSR compliant).
- Choose flexible packages: FC12/24 for rate changes.[1]
Disclaimer: Rates fluctuate; consult Homejourney Mortgage Brokers. Not financial advice—verify eligibility (TDSR, MSR).
FAQ: Best Bank Refinancing Rates 2025
What are the best refinancing rates in 2025? Top fixed at 1.30%-1.50% Year 2, SORA+0.25%; compare on Homejourney.[1]
How much can I save refinancing? $3,600+ yearly on $400k loan; use our calculator.[3]
Refinancing vs repricing? Refinance for better rates across banks; repricing for simplicity.[2][4]
Is now a good time to refinance HDB loan? Yes, bank rates <2% beat HDB 2.6%.[3]
How to apply? One-click on Homejourney bank-rates via Singpass.
Ready to lower interest rate and cut mortgage costs? Start your best bank refinancing rates comparison 2025 on Homejourney today. Link back to our pillar: Singapore Home Loans Guide for full coverage. Search properties at https://www.homejourney.sg/search.
