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 for maximum savings on your Singapore home loan.
With rates at 3-year lows around 1.14%-1.35% p.a., now is prime time for HDB and private property owners to refinance, potentially saving thousands annually[1][2][3].
Why Refinancing Rates Are Dropping in 2026
Singapore's home loan rates have fallen sharply due to lower SORA benchmarks, with 3-month SORA-linked packages at 1.34%—the lowest in three years[3]. Fixed rates start from 1.30%, floating from 1M SORA + 0% (1.14%)[2].
More HDB owners are switching from HDB's 2.6% rate to bank loans at 1.55%-1.8%, saving up to $3,600 yearly on a $400k loan[3]. Homejourney verifies these rates daily from official bank sources, ensuring transparency in a trusted environment.
Compare live rates on Homejourney's bank-rates page and track real-time SORA to time your move perfectly.
Refinancing vs Repricing: Key Differences
Refinancing switches banks for better rates (e.g., from DBS to OCBC), involving legal fees but offering superior packages. Repricing stays with your bank, often free after lock-in, but rates may not beat new-to-bank offers[1][4].
Check Refinancing vs Repricing: Which is Better for You? Homejourney ">Refinancing vs Repricing: Which is Better for You? Homejourney for details. Use Homejourney's tools to see if refinancing is worth it before lock-in ends (typically 2-3 years).
Top Bank Refinancing Rates Comparison 2026
Here's a snapshot of leading rates (as of Feb 2026; conditions apply). Banks offer cash rebates $2,000-$2,800 for loans over $500k, covering costs[2].
| Bank | Best Refinance Rate | Cash Rebate (Refi) | Lock-in |
|---|---|---|---|
| DBS | 1.35% (SORA+) | $2,300 | 2 years |
| OCBC | 1.30% fixed | $2,000-$2,800 | FC12 |
| UOB | 1M SORA +0% (1.14%) | $2,300 | 3 years |
| HSBC | 1.48% fixed 2yr | $2,000 | FC12 |
| Standard Chartered | 1.50% 3yr fixed | $2,300 | FC24 |
Rates from Homejourney partners; higher rebates for $1M+ loans[1][2]. Disclaimer: Rates fluctuate; consult Homejourney for personalized quotes. Not financial advice.
The chart below shows recent interest rate trends in Singapore:
As seen, SORA has stabilized low, favoring refinancing now before mid-2026 moderation[3].
Is Refinancing Worth It? Break-Even Analysis
Calculate refinance break-even: (Refinancing costs) / (Monthly savings) = months to recover. Example: $5,000 costs, $200 monthly savings = 25 months break-even.
Hidden refinancing costs: Legal fees $2k-$3k, valuation $500-$1k, clawback if early exit. HDB loans over $250k often get full subsidies[1]. Use Homejourney's refinance calculator for instant results.
Real example: $800k HDB loan from 3% to 1.5% saves $1,600/month. Break-even in 18 months with $2,800 rebate[2][3]. See How to Calculate If Refinancing is Worth It: Homejourney Guide ">How to Calculate If Refinancing is Worth It.
Step-by-Step Refinancing Guide on Homejourney
- Check eligibility: 4 months before lock-in ends. Use Homejourney bank-rates for TDSR check.
- Compare rates: View DBS vs OCBC etc. on one page.
- Calculate savings: Input details in refinance calculator.
- Submit multi-bank app: One form via Singpass—get offers from all banks.
- Legal & valuation: Banks subsidize; track via Homejourney dashboard.
- Close deal: 4-6 weeks; enjoy rebates.
Homejourney's multi-bank system lets banks compete, securing the best rate safely[1]. Link to our pillar: Projects Directory ">Explore projects post-refi.
Tips to Maximize Savings in 2026
- Refinance in year 4+ when spreads widen[1].
- Target HDB-to-bank if under 2.6%; irreversible, so verify with calculator.
- Negotiate: Leverage multiple offers via Homejourney.
- Combine with property search on Homejourney search.
- Monitor SORA live on platform.
Positioned as your trusted partner, Homejourney prioritizes safety with verified data and Singpass integration.
FAQ: Best Bank Refinancing Rates 2026
Should I refinance my home loan now?
Yes if break-even < remaining tenure and rates drop below current by 0.5%+. Use our refinance calculator[3].
What are typical refinancing costs in Singapore?
$3k-$6k total, often covered by $2k+ rebates for HDB >$250k[1][2].
Best banks for refinancing 2026?
UOB (1.14%), DBS/OCBC (1.30%-1.35%) lead; compare on Homejourney[2].
Refinancing worth it for HDB owners?
Often yes—save $3k+/yr vs 2.6% HDB rate[3].
How long does refinancing take?
4-6 weeks; faster with Homejourney Singpass app.
Ready to save? Start your best bank refinancing rates comparison 2026 on Homejourney today—submit once, let banks bid. For full guide, see our pillar on Singapore home loans.
