Best Bank Refinancing Rates Comparison 2026 | Homejourney
Compare the best bank refinancing rates comparison 2026 from DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong, and Citibank on Homejourney. Current top rates start from 1.15% p.a. for loans above S$500k, with cash rebates up to S$2,800 covering fees and delivering net savings.[1]
At Homejourney, we prioritize your safety and trust by verifying rates daily and enabling multi-bank applications through Singpass for faster, secure processing. This cluster focuses on 2026 refinancing tactics, linking back to our pillar guide on Singapore home loans for comprehensive coverage.
Refinancing vs Repricing: Key Differences Explained
Refinancing vs repricing is a top question for Singapore homeowners. Refinancing means switching banks entirely, often to lower rates like from HDB's 2.6% to bank packages at 1.55%-1.8%.[2] It involves legal fees and valuation (typically S$2,000-S$3,000), but banks reimburse via cash rebates.
Repricing or reprice mortgage stays with your current bank, changing packages for a fee of S$800-S$1,000. New banks usually offer better rates and perks, making refinancing superior for most.[3] Use Homejourney's tools at https://www.homejourney.sg/bank-rates to see the refinance difference instantly.
Top Bank Refinancing Rates and Promotions in 2026
Three-month SORA is at 1.34%, the lowest in three years, driving refinancing surges among HDB owners.[2] Banks compete fiercely with fixed rates from 1.48% (2-year lock-in) and floating pegged to SORA + 0.4%-0.6%.[1][2]
| Bank | Rate (p.a.) | Lock-in | Cash Rebate (Refi) |
|---|---|---|---|
| DBS | 1.15%+ ($500k+) | 2 years | S$2,000-S$2,800 |
| OCBC | 1.48% fixed | 2 years | S$2,000+ |
| UOB | 1.5% | 3 years | S$2,000 |
| HSBC | 1.55% | 2 years | S$2,300 |
Rates for min. S$500k loans; check Homejourney bank rates for updates. Rebates cover costs for loans over S$1M, netting excess cash.[1]
The chart below shows recent interest rate trends in Singapore:
As seen, SORA trends support refinancing into 2026, though moderation expected mid-year.[2]
Switch Banks or Stay? Break-Even Analysis
Decide switch banks or stay by calculating break-even. For a S$500k loan at 3% dropping to 1.5%, save S$750/month. With S$3,000 costs (net zero after rebate), break-even is 4 months.[1][2]
Loan repricing suits if lock-in ends soon and your bank matches promos. Otherwise, refinance: Example, HDB to POSB saves S$3,600/year on S$400k.[2] Use our mortgage calculator for personalized math. Read more in How to Calculate If Refinancing Is Worth It | Homejourney .
Step-by-Step Guide to Refinancing in 2026
- Check Eligibility: Ensure >6 months to lock-in end; TDSR compliant. Use Homejourney's eligibility calculator.
- Compare Rates: On Homejourney, view all banks side-by-side.
- Apply Multi-Bank: Submit once via Singpass; get competing offers.
- Documents: NRIC, title deed, income proofs (latest 3 payslips/NOA).
- Timeline: 2-4 weeks approval; legal completion 6-8 weeks.
- Track SORA: Monitor live rates on Homejourney.
Our brokers guide you safely. Details in Hidden Costs of Refinancing vs Repricing: Which Should You Choose? .
Hidden Costs, Timing, and Negotiation Tips
Factor clawback (3 months interest if early exit), valuation (S$500-S$1,500), legal (S$1,500-S$2,500)—all rebated.[1] Time for lock-in expiry; 2026 early is ideal pre-rate stabilization.[2][4]
- Negotiate: Leverage offers from rival banks.
- Cashback: Up to S$2,800 for S$1.5M+ loans.
- Flex: Choose FC12/24 packages for future-proofing.[1]
Refinance HDB? Note no return option.[2][3] For properties, search Homejourney property search.
Why Choose Homejourney for Refinancing
Homejourney verifies data for confident decisions in a trusted space. Compare best bank refinancing rates comparison 2026, apply to all banks at once, track SORA—saving time and money securely. Link to pillar: Refinancing vs Repricing: Which is Better for You? | Homejourney .
FAQ: Best Bank Refinancing Rates 2026
Q: What's the lowest refinancing rate in 2026?
A: From 1.15% p.a. (DBS/others for S$500k+), pegged to SORA ~1.34%.[1][2]
Q: Refinancing vs repricing—which saves more?
A: Refinancing typically, with rebates covering costs vs repricing fees. See Refinancing vs Repricing: Which Saves You More in 2026? | Homejourney .
Q: Can I refinance my HDB loan?
A: Yes, to banks at lower rates, but irreversible. Calculate savings first.[2][3]
Q: How much rebate for refinancing?
A: S$2,000-S$2,800 based on loan size from partner banks.[1]
Q: Best time to refinance in 2026?
A: Now, while SORA low; moderate mid-year.[2]
Disclaimer: Rates fluctuate; not financial advice. Consult professionals. Homejourney verifies info for safety.
Start your best bank refinancing rates comparison 2026 today at https://www.homejourney.sg/bank-rates. Let banks compete—apply once on Homejourney for top offers.
