Best Bank Refinancing Rates Comparison 2026: Homejourney Guide

In 2026, the top refinancing rates in Singapore start from around 1.35% p.a. (3M SORA + 0.3%), with banks like DBS, OCBC, UOB, HSBC, and Standard Chartered offering competitive packages including cash rebates up to $2,800 and fee subsidies for HDB loans over $250,000.

Homejourney makes it safe and simple to compare these best bank refinancing rates comparison 2026 across all major banks in one place. As your trusted partner prioritizing user safety and transparency, we help you compare rates, calculate savings, and submit one application via Singpass to receive multiple offers—without visiting branches.

Why Refinance Your Home Loan in 2026?

With 3M SORA at 3-year lows around 1.34%, more HDB and private property owners are refinancing to bank loans cheaper than HDB's 2.6% rate[3]. Fixed-rate packages are at 1.48%-1.8%, saving up to $500 monthly on a typical loan[5].

This cluster focuses on best bank refinancing rates comparison 2026, linking back to our pillar guide on Mortgage Refinancing Singapore 2026: Homejourney's Definitive Guide ">Mortgage Refinancing Singapore 2026 for full coverage. Homejourney verifies all data for your confident decisions.

Refinancing vs Repricing: Key Differences

Refinancing means switching banks for better rates, potentially lower payments or cash-out, but involves legal fees ($2,000-$3,000) and valuation[1]. Repricing stays with your current bank, often free after lock-in, with admin fees $800-$1,000[4].

Choose repricing first if your bank matches market rates—check via Homejourney's bank rates page. For bigger savings, refinance when lock-in ends (typically 2-3 years)[3]. See our detailed comparison in Refinancing vs Repricing: Which is Better for You? Homejourney ">Refinancing vs Repricing: Which is Better?.

Best Bank Refinancing Rates Comparison 2026

Homejourney compares rates from DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong, and Citibank. Top packages (as of Feb 2026):

DBS/OCBC/UOB: 3M SORA + 0.3% (~1.64%), $2,000-$2,800 rebates for $500k+ loans, free conversion after 12/24/36 months[2].
HSBC/Standard Chartered: 1.45%-1.55% fixed 2-3 years, $2,300 rebates, min $500k[2][6].
Maybank/CIMB: SORA + 0.3%, full HDB fee subsidies over $250k, cash incentives[1].

Use our mortgage calculator to personalize. Rates fluctuate; track live on Homejourney.

Understanding SORA and Rate Trends

SORA (Singapore Overnight Rate Average) is the key benchmark for floating loans, now at 1.34% (3M), expected 1.3%-1.4% year-end[3]. Most packages are SORA + bank spread (0.3%-0.5%).

The chart below shows recent interest rate trends in Singapore:

As shown, rates dropped sharply since 2025, but moderation expected mid-2026[3]. Time refinancing before your lock-in ends.

When to Refinance: Break-Even Analysis

Refinance if you break even within 2-3 years. Example: $800k loan at 2.6% to 1.6% saves $800/month, but $3,000 fees mean break-even in ~4 months.

Formula: Fees / Monthly Savings = Months to Break Even. Factor clawback (3 months interest if early exit) and valuation ($500-$1,500). Read Hidden Costs of Mortgage Refinancing You Need to Know | Homejourney ">Hidden Costs of Refinancing and use How to Calculate If Refinancing is Worth It: Homejourney Guide ">our calculator guide.

Step-by-Step Refinancing Guide on Homejourney

Compare Rates: Visit Homejourney bank-rates for real-time comparison.
Check Eligibility: Use Singpass for instant verification; TDSR & MSR apply (60% debt max).
Calculate Savings: Our tool shows exact monthly/ total savings.
Submit Application: One form to all banks—get competing offers fast.
Legal & Valuation: Banks subsidize for HDB >$250k[1].
Close Deal: 4-6 weeks; track via Homejourney dashboard.

Insider tip: Apply 4 months before renewal for best leverage[1]. Homejourney's multi-bank system lets banks compete, securing you the best bank refinancing rates comparison 2026.

Money-Saving Tips for Mortgage Refinancing Singapore

Negotiate: Pit offers against each other—Homejourney brokers help free.
Target $1M+ loans for higher rebates ($3,000+)[1].
Combine with property search on Homejourney property search.
Monitor SORA live on our platform; refinance post-lock-in.
Avoid if <2 years left or small savings.

Disclaimer: Rates change; consult Homejourney advisors. Not financial advice.

FAQ: Best Bank Refinancing Rates Comparison 2026

What are the best refinancing rates in 2026?
From 1.35%-1.64% (SORA-based), with $2,000+ rebates from DBS, OCBC, UOB[2]. Compare on Homejourney.

Is now a good time to refinance home loan?
Yes, with SORA at 1.34% lows, but act before mid-2026 moderation[3]. Use our calculator.

Refinancing vs repricing—which saves more?
Repricing for minimal hassle; refinancing for 0.5%-1% drops. Details in our Refinancing vs Repricing: Which is Better for You? Homejourney Guide ">guide.

Costs for HDB refinancing?
Subsidized for >$250k; legal ~$2k covered[1].

How to apply safely?
Via Homejourney's verified platform with Singpass—safe, transparent, one submission.

Ready to save? Compare best bank refinancing rates comparison 2026 now on Homejourney and connect with our mortgage brokers. For full mortgage refinancing Singapore advice, see our pillar guide. Your trusted path to property success starts here.