Best Bank Refinancing Rates Comparison 2026 | Homejourney
Lowest refinancing rates in February 2026 start at 1.30% fixed for 2 years and 1M SORA + 0% (around 1.09%) floating, with cash rebates up to $2,800 from banks like DBS.[1]
Homejourney makes it easy to compare refinance offers from DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank and more in one secure platform, prioritizing your safety and trust.[1][2]
Why Refinance Your Home Loan in 2026?
Rates have dropped to 3-year lows, with floating SORA-linked packages at 1.34% and fixed rates from 1.48%.[2] HDB owners are switching to bank loans cheaper than HDB's 2.6% rate, saving up to $3,600 yearly on a $400k loan.[2]
This cluster focuses on best bank refinancing rates comparison 2026, linking to our pillar guide on Singapore home loans. With banks competing via rebates and flexible features, now's the time to act before mid-2026 moderation.[2]
Homejourney verifies all rates in real-time, ensuring transparent decisions in a trusted environment.
Refinancing vs Repricing: Key Differences
Refinancing switches banks for better rates; repricing changes packages within your bank, often with $800-$1,000 fees but no legal costs.[5] Choose refinancing for bigger savings if rates differ significantly across banks.[2]
For HDB to bank switches, note you can't return to HDB loans—decide wisely.[2] Learn more in our Refinancing vs Repricing: Which is Better for Singapore Homes? | Homejourney ">Refinancing vs Repricing guide.
Current Best Bank Refinancing Rates 2026
Fixed rates lead for stability: 2-year fixed at 1.48%-1.75% from promo banks, DBS, Maybank, SCB, HSBC.[1][3] DBS offers $2,000-$2,800 rebates for loans over $500k, covering fees with excess cash.[1][3]
| Bank | Loan Type | Year 1 Rate | Year 2 Rate | Rebate (Refi) |
|---|---|---|---|---|
| Promo/DBS | 2 Yr Fixed | 1.48%-1.75% | 1.48%-1.75% | $2,000-$2,800[1] |
| Maybank | 2 Yr Fixed | 1.65% | 1.65% | $2,300[1] |
| SCB/HSBC | 2 Yr Fixed | 1.68%-1.70% | 1.68%-1.70% | $2,300[1] |
| OCBC/UOB | 2-3 Yr Fixed | 1.65%-1.70% | 1.65%-1.70% | $2,000[1] |
Floating: 1M SORA +0% (1.09%), best for HDB refi with DBS edge due to full fee coverage.[1][3] Compare all on Homejourney bank rates.
SORA Trends Impacting 2026 Refinancing
SORA (Singapore Overnight Rate Average) is the key benchmark, with 3M SORA at 1.34%—lowest in 3 years.[2] Track live on Homejourney to time your switch.
The chart below shows recent interest rate trends in Singapore:
Rates hit historic lows in 2026, projected 1.2%-1.36%, boosting refi appeal.[9] Further drops possible but modest.[2]
Break-Even Analysis: Is Refinancing Worth It?
Calculate break-even: (Upfront costs / Monthly savings) = months to recover. Example: $2,000 fees, $200 monthly save = 10 months.[2] Factor legal ($1,500), valuation ($200), clawback if early exit.
For $500k loan at 3% dropping to 1.5%, save ~$10k over 2 years post-break-even. Use Homejourney's mortgage calculator or see our How to Calculate If Refinancing is Worth It: Homejourney Guide ">refinancing calculator guide.
Step-by-Step Digital Refinancing Guide
Enjoy refinance online, no branch visit refinance via Homejourney's multi-bank system.
- Compare on Homejourney: View DBS, OCBC, UOB rates instantly at bank-rates.
- Check eligibility: Use Singpass for instant verification.
- Submit one app: Banks compete—get multiple offers. See Benefits of Multi-Bank Application in One Click | Homejourney ">multi-bank benefits.
- Documents: NRIC, title deed, income proofs (auto-filled via Singpass). Guide: Step-by-Step Singpass Loan Application Guide | Homejourney ">Singpass guide.
- Timeline: Approval in 1-2 weeks; completion 4-6 weeks.[4]
- Switch properties: Search budget-fit homes at property search.
Avoid lock-in penalties; best post-2023/24 loans.[2] Digital refinancing with Homejourney means safety, no branch hassles.
Negotiate Better Deals & Hidden Costs
Leverage offers: Pit DBS rebate vs Maybank rates. Total HDB refi fees ~$1,800-$1,900; DBS covers fully.[3] Watch admin fees for repricing.
Insider tip: Apply mid-week for faster responses. Details in Hidden Refinance Costs Without Bank Visits: Homejourney Guide ">hidden costs guide and Refinance Your Home Loan Without Visiting Multiple Banks | Homejourney ">no-branch refi.
Homejourney: Your Safe Refinancing Partner
Submit one form for all banks, track SORA live, connect with our mortgage brokers. Easy mortgage switch verified securely. Learn comparison at How to Use Homejourney Bank Rate Comparison: 2026 Guide ">bank rate guide and calculator at How to Use Homejourney Mortgage Calculator: 2026 Guide ">mortgage calculator guide.
Disclaimer: Rates change; not financial advice. Consult professionals. Homejourney verifies data for trust.
FAQ: Best Bank Refinancing Rates 2026
What are the lowest refinancing rates in 2026?
1.30% fixed 2Y, 1.09% SORA floating; DBS best for HDB with $2k rebate.[1][3]
How to compare refinance offers quickly?
Use Homejourney's bank-rates for real-time DBS/OCBC/UOB comparison—no sign-up needed.
Can I refinance online without branches?
Yes, via Homejourney's digital refinancing with Singpass; one app to multiple banks.[4]
Best bank for HDB refinancing?
DBS: Lowest rates + full fee rebate coverage (~$1,900).[3]
When to refinance in 2026?
Now, before mid-year moderation; check lock-in ends.[2]
Start your best bank refinancing rates comparison 2026 on Homejourney today. Compare & apply now for safe, trusted savings. Explore our pillar on Singapore home loans for full coverage.
