Best Bank Refinancing Rates Comparison 2026 | Homejourney
As of early 2026, the best bank refinancing rates comparison in Singapore starts from 1.30% fixed for 2 years and 1M SORA + 0.25% (around 1.43%) floating, with cash rebates up to $2,800 covering costs like legal fees.[1]
Homejourney makes compare refinance rates simple with our trusted platform, prioritizing your safety through verified bank partners like DBS, OCBC, UOB, HSBC, and Standard Chartered. This cluster focuses on 2026 refinancing tactics, linking back to our pillar guide on Singapore home loans for full coverage.
Refinancing Fundamentals: Know Your Options
Refinancing means switching your home loan to another bank for better rates or terms, unlike repricing which stays within the same bank.[2][3] In 2026, with 3-month SORA at 1.34%—a 3-year low—bank loans beat HDB's 2.6% rate, driving HDB owners to refinance.[2]
Repricing suits if your current bank offers competitive packages post-lock-in, with fees around $800-$1,000.[3] Refinancing unlocks wider options but involves costs reimbursed via bank rebates.[1][4] Homejourney's simple refinance process lets you compare refinance rates from all major banks in one place.
Current Best Refinancing Rates 2026
Top packages as of January 2026 include:
- 2-year fixed at 1.30%-1.48%, with free conversion after 12 months.[1]
- 3-year fixed at 1.50%, waiver on sale.[1]
- Floating: 1M SORA + 0.25% (1.43%), ideal for short-term savings.[1]
Banks like DBS offer competitive fixed rates due to strong SGD funding, plus rebates: $2,000 for $500k+ loans, up to $2,800 for $1.5M+.[1] OCBC and UOB provide similar incentives, with HDB-to-bank switches saving $3,600 yearly on $400k loans.[2]
On Homejourney, refinance with Homejourney via https://www.homejourney.sg/bank-rates to see live rates from DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong, and Citibank.
SORA Trends Driving 2026 Refinancing
SORA (Singapore Overnight Rate Average) is the key benchmark for floating loans, down to 1.34% 3M compounded—lowest in years due to US Fed cuts and low inflation.[2] Fixed rates have dropped to 1.55%-1.8%.[2]
The chart below shows recent interest rate trends in Singapore:
Rates may moderate mid-2026 as 2023-2024 lock-ins expire, but refinancing stays strong.[2] Track real-time SORA on Homejourney to time your move perfectly.
Financial Analysis: Calculate If It's Worth It
Break-even: Divide refinancing costs ($2,000-$3,000, often rebated) by monthly savings. Example: On $500k loan, dropping from 3% to 1.5% saves ~$1,000/month; break-even in 2-3 months.[1][2]
Hidden costs: Legal fees ($2,000-$3,000), valuation ($500), clawback if early exit. Banks subsidize these, leaving excess cash.[1] Use Homejourney's calculator at https://www.homejourney.sg/bank-rates#calculator for personalized savings. Read our guide: How to Calculate If Refinancing is Worth It with Homejourney .
Timing Your Refinancing in 2026
Act post-lock-in to avoid penalties (2-3 years typical).[5] With SORA low, now's ideal before mid-2026 moderation.[2] HDB owners: Note one-way switch—no return to HDB loans.[3]
Insider tip: Monitor US Fed decisions; further cuts could push SORA below 1.3%.[2] Homejourney's real-time tracking ensures you compare refinance rates at peak savings.
Step-by-Step Guide to Easy Refinancing
Follow this simple refinance process with Homejourney:
- Compare rates: Visit https://www.homejourney.sg/bank-rates for one-click comparison.如何使用Homejourney比较银行利率：获最佳房贷报价指南
- Check eligibility: Use our calculator for borrowing power.
- Apply via Singpass: One application to all banks—receive competing offers. Singpass贷款申请完整步骤指南：Homejourney安全攻略
- Documents: NRIC, property title, income proof (auto-filled via Singpass).
- Timeline: 2-4 weeks approval; banks handle transfer.
One-click refinance on Homejourney submits to DBS, OCBC, UOB, and more simultaneously—let banks compete!一键多银行申请的好处：Homejourney助你获最佳房贷报价
Money-Saving Strategies & Negotiations
Negotiate: Leverage multiple offers from Homejourney's multi-bank system.让银行为你的房贷竞争：Homejourney 2026最佳房贷报价指南 Aim for higher rebates ($2,800+ for large loans).[1]
- Cashback: Covers costs + extra.
- Combine with goals: Refinance before upgrades, search budgets via https://www.homejourney.sg/search.
- Avoid pitfalls: Factor hidden costs—see Hidden Costs of Refinancing & How Homejourney Makes It Easier .
Disclaimer: Rates fluctuate; consult Homejourney Mortgage Brokers for advice. Not financial advice.
Why Choose Homejourney for Refinancing
Homejourney builds trust with verified rates, Singpass security, and user feedback-driven tools. Make easy refinancing safe—apply once, get best offers. How Homejourney Makes Refinancing Your Mortgage Easier in Singapore
FAQ: Best Bank Refinancing Rates 2026
What are the best refinancing rates in 2026?
Lowest: 1.30% fixed 2Y, 1.43% floating. Check Homejourney for updates.[1]
Is refinancing worth it now?
Yes, if post-lock-in and savings exceed costs in 3-6 months. Use our calculator.[2]
Can I refinance HDB loan?
Yes to banks, but no return to HDB. Banks cheaper at 1.5% vs 2.6%.[2][3]
How does Homejourney's one-click refinance work?
Single Singpass app to multiple banks for competing offers.一键多银行申请的好处：Homejourney助你获最佳房贷报价
What documents for refinancing?
NRIC, title, payslips—Singpass auto-fills most.Singpass贷款申请完整步骤指南：Homejourney安全攻略
Ready for the best bank refinancing rates comparison 2026? Start with https://www.homejourney.sg/bank-rates for safe, transparent savings. Explore our pillar on Singapore home loans for more.
