Best Bank Refinancing Rates Comparison 2026 | Homejourney
The best bank refinancing rates comparison 2026 in Singapore features promotional fixed rates starting from 1.45% (EMI) for Year 1 and 2 from top banks like DBS, OCBC, UOB, Maybank, and Standard Chartered. Homejourney simplifies this with our one-click refinance tool, letting you compare refinance rates from all major banks instantly.[1][2]
This cluster article dives into the top refinancing options for HDB and private properties, building on our pillar guide to Singapore home loans. With rates at 3-year lows, now is prime time for easy refinancing to cut monthly payments—especially for HDB owners switching from the 2.6% HDB loan.[3]
Refinancing vs Repricing: Key Differences
Refinancing means switching banks for better rates, while repricing stays with your current bank but changes packages. Refinancing offers more options but involves fees like legal ($1,500-$2,000) and valuation ($500-$1,000), often offset by bank cash rebates up to $2,800.[1][4][5]
Repricing suits if your bank's promo beats others, with lower fees ($800-$1,000). For maximum savings, refinance when lock-ins end—avoid penalties up to 1.5% of loan amount. Read our detailed comparison in Refinancing vs Repricing: Which is Better for You | Homejourney.
Top Best Bank Refinancing Rates 2026
Fixed rates dominate promos for stability. Here's a snapshot of leading offers for resale condos, landed homes, and HDB (Jan 2026 data).[1][2]
| Bank | Loan Type | Year 1 Rate | Year 2 Rate | Cash Rebate (Refi) |
|---|---|---|---|---|
| Promo (Maybank) | 2 Yr Fixed | 1.45% (EMI) | 1.45% (EMI) | $2,300 |
| Promo | 2 Yr Fixed | 1.48%-1.50% | 1.48%-1.50% | $2,000-$2,800 |
| DBS | 2 Yr Fixed | 1.65%-1.75% | 1.65%-1.75% | $2,000 (HDB >$200k) |
| OCBC | 2 Yr Fixed | 1.65% | 1.65% | $2,000-$2,800 |
| UOB/HSBC/SCB | 2 Yr Fixed | 1.68%-1.70% | 1.68%-1.70% | $2,300 |
Floating rates start at 1M SORA +0.25% promos or 3M SORA +0.40% from Maybank. DBS leads HDB refinancing with $2,000 rebate covering ~$1,800 fees, netting positive cashback.[1][2][3]
Disclaimer: Rates fluctuate; always verify on Homejourney bank rates. Not financial advice—consult professionals.
Understanding SORA and Rate Trends
SORA (Singapore Overnight Rate Average) is the key benchmark for floating loans, now at 3-year lows around 1.34% for 3M SORA. Fixed rates have dropped to 1.55%-1.8% p.a.[3][6]
The chart below shows recent interest rate trends in Singapore:
Rates may stabilize mid-2026 as 2023-2024 lock-ins expire. Track live SORA on Homejourney to time your move perfectly.[3]
Is Refinancing Worth It? Break-Even Calculation
Calculate break-even: (Upfront fees - rebate) / Monthly savings = months to recover. Example: $400k HDB loan at 2.6% to DBS 1.65% saves ~$3,600/year after $2,000 rebate—break-even in 3-4 months.[3]
- Fees: Legal $1,500-$2,000, Valuation $588 (HDB), Processing $200
- Rebates cover 80-100% for loans >$500k
- Use Homejourney's refinancing calculator for personalized math
Learn more in How to Calculate If Refinancing is Worth It with Homejourney.[1][5]
Simple Refinance Process with Homejourney
Enjoy our simple refinance process: one application via Singpass to DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong, Citibank—banks compete for you.
- Compare: Visit Homejourney bank-rates for real-time best bank refinancing rates comparison 2026.
- Calculate: Use eligibility tool for savings projection.
- Apply: One-click multi-bank submission with Singpass—auto-verified, no branch visits.
- Offers: Receive competing quotes; pick the best.
- Close: 2-4 weeks, with broker support.
Refinance with Homejourney for safety—our verified partners prioritize your data security. See How Homejourney Makes Refinancing Your Mortgage Easier in Singapore.
Tips to Maximize Savings in 2026
- Refi post-lock-in; target HDB switchers for $3,600+ annual savings on $400k loan.
- Negotiate: Leverage multi-offers from Homejourney.
- Hidden costs? Check Hidden Costs of Refinancing & How Homejourney Simplifies It.
- Pair with property search on Homejourney property search for upgrades.
Activity peaks early 2026; act before mid-year moderation.[3]
Frequently Asked Questions
What are the best bank refinancing rates comparison 2026?
Promos from 1.45%-1.50% fixed for 2 years, with DBS/OCBC leading rebates. Compare on Homejourney.[1][2]
