Best Bank Refinancing Rates Comparison 2026 | Homejourney
Compare the best bank refinancing rates 2026 from DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank and more on Homejourney. Current top rates start from 1.15% for loans above S$500k, with cash rebates up to S$2,800 covering your costs.
At Homejourney, we prioritize your safety and trust by verifying rates daily and offering multi-bank applications via Singpass. This cluster focuses on refinancing rates, linking back to our pillar guide on when to refinance mortgage and best time refinance.
Refinancing Fundamentals: Rates vs Repricing
Refinancing means switching to a new bank for better rates, while repricing stays with your current bank after the lock-in period end. Banks like DBS offer fixed rates from 1.48% for 2 years with free conversion after 12 months[1][2]. Repricing fees are S$800-S$1,000 but avoid legal costs[3].
Homejourney simplifies this: compare all rates in one place at Homejourney bank rates. HDB owners benefit most now, as bank loans beat HDB's 2.6% rate, saving S$3,600 yearly on a S$400k loan[2].
Learn more in our related article: Refinancing vs Repricing: Which is Better for You? | Homejourney .
Top Bank Refinancing Rates Comparison 2026
Here's a side-by-side of leading packages for refinancing (min S$500k loans unless noted):
| Bank | Rate (p.a.) | Lock-in | Cash Rebate | Min Loan |
|---|---|---|---|---|
| DBS | 1.15%-1.48% fixed | 2 years | S$2,000-S$2,800 | S$500k |
| OCBC | 1.55%-1.8% | 2-3 years | S$2,000 | S$400k (PTE) |
| UOB | 1.5% | 3 years | S$2,000 | S$500k |
| HSBC | From 1.35% | 2 years | S$2,300 | S$500k |
| Standard Chartered | Competitive | 2 years | S$2,300 | S$2M |
Rates pegged to 3M SORA at 1.34%, lowest in 3 years[2]. Rebates cover legal/valuation fees, often leaving excess cash[1]. Use Homejourney's tool to compare live rates: mortgage calculator.
SORA Trends Impacting 2026 Refinancing
SORA (Singapore Overnight Rate Average) is the key benchmark for floating rates. 3M SORA hit 1.34%, driving refinancing surges[2]. Expect 1.3%-1.4% by year-end, extending into 2026[2].
The chart below shows recent interest rate trends in Singapore:
Rates fell from over 3% in 2023, favoring switches now. Track real-time SORA on Homejourney to time your refinance timing.
When to Refinance: Key Triggers
Refinance at lock-in period end to avoid penalties, or when rates drop 0.5%+ below yours – an interest rate trigger[4]. HDB owners: switch before mid-2026 moderation[2]. Calculate break-even: if fees S$3,000 and monthly saving S$300, recover in 10 months.
Example: S$1M loan at 3% to 1.5% saves S$12,500 yearly post-fees. Insider tip: Act 3-6 months before lock-in ends for best rebates. See When to Refinance Home Loan in Singapore: Homejourney Guide .
Hidden Costs and Savings Calculation
Factor legal fees (S$1,500-S$2,000), valuation (S$500), possible clawback. Banks reimburse via rebates[1]. Net savings: S$2,000 rebate + lower payments.
- Check current rate vs offers.
- Compute monthly saving: (Old rate - New rate) x Loan x 0.87/12.
- Add rebate, subtract fees for true gain.
- Use Homejourney calculator for instant results.
Related: Hidden Costs in Refinancing Mortgage: Step-by-Step Guide | Homejourney .
Step-by-Step Refinancing Guide
Submit one application on Homejourney to DBS, OCBC, UOB etc. simultaneously – banks compete with offers.
- Compare on Homejourney: Visit bank-rates.
- Calculate eligibility via Singpass.
- Upload docs: NRIC, income proof, property title.
- Receive offers in days; pick best.
- Complete in 4-6 weeks. Brokers assist free.
Safe and verified – Homejourney ensures transparency.
Negotiate Better Rates on Homejourney
- Leverage multi-offers: "I've 3 quotes, match or beat."
- Aim higher rebates for S$1M+ loans.
- Combine with property search: property search.
Post-refinance, maintain with aircon services.
FAQ: Best Bank Refinancing Rates 2026
What are the best bank refinancing rates comparison 2026?
Rates from 1.15%-1.8% p.a. with rebates S$2,000+. DBS leads fixed; compare on Homejourney.
When to refinance mortgage in 2026?
Post-lock-in or SORA <1.5%. Use interest rate trigger: 0.5% drop.
Best time refinance for HDB owners?
Now, before mid-2026. Saves vs 2.6% HDB rate.
Refinance timing after lock-in period end?
Start 3 months early for rebates.
Is refinancing worth it?
Yes if break-even <2 years. Check our guide: How to Calculate If Refinancing Is Worth It | Homejourney .
Disclaimer: Rates change; not financial advice. Consult professionals. Homejourney verifies data for trust.
Start your best bank refinancing rates comparison 2026 on Homejourney bank-rates. Apply via Singpass today for offers from all major banks. Link back to our pillar: When to Refinance Home Loan in Singapore: Homejourney Guide .
