Best Bank Refinancing Rates Comparison 2026 | Homejourney
Compare best bank refinancing rates comparison 2026 from DBS, OCBC, UOB, HSBC, Standard Chartered, and more on Homejourney to secure rates as low as 1.15% for loans over $500k, with cash rebates up to $2,800 covering your costs.
At Homejourney, we prioritize your safety and trust by verifying rates from major banks and providing transparent comparisons. This cluster article dives into 2026 refinancing rates, linking back to our pillar guide on Singapore Mortgage Essentials for full coverage.
Why Refinance in 2026? Current Market Snapshot
Singapore's home loan rates have hit 3-year lows, with 3-month SORA at 1.34% as of late 2025, driving HDB owners and private property holders to refinance from HDB's 2.6% rate or high fixed packages.[2][5]
Best bank refinance Singapore options now offer fixed rates from 1.48%-1.8% and floating SORA-pegged packages under 1.55%, plus cash rebates that offset legal and valuation fees.[1][2]
Refinancing activity surged in 2025, with banks like OCBC reporting strong HDB-to-bank switches saving $3,600 yearly on a $400k loan.[2] Expect healthy volumes into early 2026 before moderation mid-year as lock-ins expire.[2]
Homejourney's platform lets you track these trends safely, ensuring confident decisions in a trusted environment.
Refinancing vs Repricing: Key Differences
Refinancing switches banks for better refinancing rates comparison, accessing promotions like $2,000-$2,800 rebates for $500k+ loans.[1] Repricing stays with your bank, often at higher rates with $800-$1,000 fees.[3]
Choose refinancing for superior top banks refinancing deals; repricing suits minimal changes post-lock-in.[2][3] Learn more in our guide: Refinancing vs Repricing: Which Saves More in 2026? | Homejourney .
Pro tip: HDB switchers can't return to HDB loans, so compare thoroughly on Homejourney bank rates.[2][3]
Understanding SORA and Rate Trends
SORA (Singapore Overnight Rate Average) benchmarks most floating loans. 3M SORA fell below 1.4% recently, potentially dropping further with US Fed cuts.[2]
The chart below shows recent interest rate trends in Singapore:
As seen, rates trended down from 3.6% in 2023, making 2026 ideal for DBS OCBC UOB refinance before stabilization.[2][5]
Track live SORA on Homejourney to time your move perfectly.
Best Bank Refinancing Rates Comparison 2026 Table
Here's a snapshot of refinance offers for $500k+ loans (min. amounts vary; conditions apply).[1]
| Bank | Rate (p.a.) | Lock-in | Rebate (Refi) | Features |
|---|---|---|---|---|
| DBS | 1.15%+ | 2 years | $2,000-$2,800 | FC anytime to floating |
| OCBC | 1.48% | 2 years | $2,000-$2,800 | FC24 |
| UOB | 1.5% | 3 years | $2,000 | FC36; waiver on sale |
| HSBC | From 1.55% | 2 years | $2,300 | FC12 |
| Standard Chartered | Competitive | 2 years | $2,300 | FC12 |
Rates for Maybank, CIMB, RHB, Public Bank, Hong Leong, Citibank available on Homejourney. DBS leads with fixed rates due to strong SGD funding.[1]
Break-Even Analysis and Hidden Costs
Calculate break-even: (Refi costs - rebate) / Monthly savings = months to recover. Example: $2,500 fees - $2,300 rebate = $200 net cost. $500 monthly savings = 1-month break-even.[1][5]
Factor clawbacks if early exit. Use our refinancing calculator for personalized math. See details in Hidden Costs in Refinancing Mortgage Guide: Homejourney .
Step-by-Step Refinancing Guide
- Check eligibility: Post-lock-in, TDSR compliant. Use Homejourney calculator.
- Compare rates: On Homejourney bank-rates for best bank refinancing rates comparison 2026.
- Submit multi-bank app: One form via Singpass gets offers from DBS, OCBC, UOB etc. – banks compete for you.
- Gather docs: NRIC, title deed, income proofs (latest 3-6 months).
- Valuation & legal: Bank reimburses via rebate; 4-8 week timeline.[1][4]
- Close deal: Track on Homejourney dashboard.
Insider tip: Apply 3-6 months before lock-in ends for seamless switch.
Negotiation Tips and Savings Strategies
- Leverage multiple offers: "Homejourney got me 3 bids – can you beat this?"
- Bundle with credit cards or investments for extras.
- Time for CNY promos or year-end.[7]
- Combine with property search on Homejourney property search for upgrades.
Real example: Repricing DBS from 3% to 1.6% saved $500/month.[5] Refi to rival for rebate bonus.
Disclaimer: Rates fluctuate; consult Homejourney mortgage brokers. Not financial advice.
FAQ: Best Bank Refinancing Rates 2026
What are the best bank refinancing rates in Singapore 2026?
Top rates start at 1.15%-1.5% p.a. from DBS, OCBC, UOB for $500k+ loans, with $2k+ rebates. Compare on Homejourney.[1]
Is now a good time for DBS OCBC UOB refinance?
Yes, with SORA at 1.34% lows, but act before mid-2026 moderation. Use our tracker.[2]
How much rebate for refinancing $1M loan?
Up to $2,500-$2,800 from major banks, covering fees.[1]
Refinancing vs repricing – which saves more?
Refinancing typically wins with better rates/rebates. Details: Refinancing vs Repricing: Which is Better for You? Homejourney .
Can I refinance HDB loan to bank?
Yes, to cheaper rates, but no HDB return. Calculate savings: How to Calculate If Refinancing Is Worth It | Homejourney .
Ready for the best bank refinancing rates comparison 2026? Visit Homejourney bank-rates, compare DBS OCBC UOB refinance offers, and apply via Singpass today. Link back to our pillar for full mortgage mastery.
