Compare Home Loans Singapore: Best Bank Rates 2026 | Homejourney
This definitive guide simplifies compare home loans Singapore across major banks like DBS, OCBC, UOB, HSBC, and more. Discover the best mortgage rate, understand bank loan comparison, and use Homejourney's tools for safe, transparent decisions in 2026.[1][2]
Homejourney prioritizes your safety and trust with verified rates, real-time updates, and multi-bank applications via Singpass. Whether buying HDB, condo, or refinancing, this pillar covers everything exhaustively.
Table of Contents
- Executive Summary
- Why Compare Home Loans in Singapore?
- Key Factors in Bank Loan Comparison
- Home Loan Rate Types Explained
- Detailed Bank Comparisons
- HDB vs Private Property Loans
- Refinancing Made Simple
- Homejourney's Comparison Tools
- FAQ
Executive Summary: Mastering Bank Rate Comparison
In Singapore's competitive 2026 market, the best mortgage rate can save you tens of thousands over 25-30 years. Current top rates start at 1.50% for fixed packages (HDB) and 1.15% for high-value private loans, with SORA spreads as low as +0.25%.[1][2]
Maybank leads 2-year fixed at 1.65% for private properties, while DBS excels in HDB refinancing with cash rewards up to $2,800.[1] Homejourney aggregates these instantly at https://www.homejourney.sg/bank-rates, letting banks compete for your business.
Key insight: Always factor TDSR (Total Debt Servicing Ratio) at 55% max, MSR (30% for HDB), and LTV (75-90%). Use our eligibility calculator to verify before applying.How to Get Pre-Approved for a Mortgage: Bank Rate Comparison Guide | Homejourney
Why Compare Home Loans Across Banks?
Singapore's Big 3 (DBS, OCBC, UOB) hold 80% market share, but foreign banks like HSBC and Maybank offer aggressive promos.[2] Comparing reveals hidden perks like DBS's $2,500 rebate for $1M+ loans or Standard Chartered's no-lock-in SORA options.[1]
Without comparison, you might overpay by 0.5% annually—$15,000+ on a $1M loan. Homejourney verifies rates daily from official sources, ensuring transparency and safety.
Insider tip: Time your application post-SORA peak; shorter lock-ins (1-year) allow quick switches if rates fall.
Singapore Regulations You Must Know
MAS enforces SSR (Stress Test Ratio) at 200 basis points above contracted rate. HDB loans from CPF Board are 2.6% pegged (90% LTV), but banks offer lower promo rates.[1] Always check URA for property cooling measures.
Key Factors in Bank Loan Comparison
Focus on effective rates, fees, lock-ins, and perks. Use this framework:
- Interest Rate: Fixed vs floating (SORA/FHR).
- Lock-in: 1-3 years; penalties 1.5x spread.
- Fees: Processing $200-500, valuation $200-1,000.
- Rebates: Up to $3,300 cashback.
- Flexibility: Refix options, partial repayment.
Homejourney's bank rate comparison tool scores these holistically.
Featured Snippet Table: Top Rates Jan 2026
| Bank | Type | Rate (Private) | Rate (HDB) |
|---|---|---|---|
| Maybank | 2Yr Fixed | 1.65% | 1.55% |
| SCB | 2Yr Fixed | 1.68% | 1.60% |
| DBS | 3M SORA | +0.50% | +0.50% |
| OCBC | 1M SORA | +0.65% | +0.65% |
Home Loan Rate Types Explained
Fixed Rates: Predictable for 1-3 years, e.g., Maybank 1.65%.[1] Ideal for first-timers.
SORA (Singapore Overnight Rate Average): Floating benchmark replacing SOR. 3M SORA ~3.0% base + spread.[1] Track via Homejourney.
SORA is volume-weighted average of overnight interbank rates, published daily by ABS.
The chart below shows recent interest rate trends in Singapore:
As seen, SORA stabilized post-2025 hikes; expect 2.8-3.2% in 2026.[1]
FHR (Fixed Home Rate): Bank-set, e.g., DBS FHR6 +1.10%.[1]
Detailed Bank-by-Bank Comparisons
DBS Bank
Market leader with deepest SGD pool. Best for HDB refinance ($2,000 reward >$200k).[1] Rates: 3M SORA +0.50%, 2Yr Fixed 1.75% private.[1][2][6]
Pros: Fast approval (3-7 days), Singpass integration. Cons: Higher spreads post-promo.
Best for: BUC condos, HDB owners. Compare on Homejourney: https://www.homejourney.sg/bank-rates.
OCBC Bank
Strong in floating: 1M SORA +0.65%.[1] Offers HDB-specific perks.
Pros: Flexible refix, good for upgraders. Cons: 2Yr Fixed 1.65% HDB not lowest.[1]
UOB Bank
Competitive HDB loans, e.g., 3Yr Fixed.[9] Reliable customer service.
Pros: Convenience for existing customers. Cons: Fewer promos.[2]
HSBC
2Yr Fixed 1.70%.[1] Priority banking lowers to 1.60%.
Best for expats, high earners.
Standard Chartered (SCB)
Top SORA +0.50%, no lock-in for priority.[1] 2Yr Fixed 1.68%.
Pros: Short lock-ins. Cons: Stricter credit checks.
Maybank
Rate leader: 2Yr Fixed 1.65% private, +0.40% 3M SORA.[1]
Best for private properties, quick switches.
Others: CIMB, RHB, Public, Hong Leong, Citibank
Niche: CIMB aggressive SORA, Citibank for investors.[2] Compare all on Homejourney.
HDB vs Private Property Loans
HDB: Lower LTV 80%, MSR 30%. Best: Promo 1.50% 2Yr Fixed.[1]
Private: 75% LTV, TDSR 55%. Maybank/SCB lead.[1]
| Property Type | Best Bank | Rate |
|---|---|---|
| Resale HDB | Maybank | 1.55% 2Yr |
| BUC Condo | DBS | 3M SORA +0.50% |
| Refi HDB | DBS | +0.28% Promo |
Refinancing: When and How
Refi if rates drop 0.5%+ or 6 months from lock-in end. DBS best for HDB ($2k net reward).[1]
Steps: 1. Check eligibility on Homejourney calculator. 2. Compare via https://www.homejourney.sg/bank-rates#calculator. 3. Apply multi-bank.How to Apply for Home Loan Singapore: Step-by-Step with Homejourney
Costs: $1,800-1,900 upfront; banks subsidize.
Homejourney: Your Safe Comparison Partner
Trust Homejourney for compare mortgage offers: Real-time rates from 11 banks, Singpass auto-fill, multi-bank apps. Receive best offers while prioritizing your security.
- Instant bank rate comparison at https://www.homejourney.sg/bank-rates.
- Eligibility calculator: Input income, see borrowing power.
- Search properties in budget: https://www.homejourney.sg/search.
- Connect with our mortgage brokers for free guidance.
Disclaimer: Rates change; not financial advice. Consult professionals. Last updated Jan 2026.
FAQ: Common Singapore Home Loan Questions
Q: How to compare home loans Singapore?
A: Use Homejourney's tool for side-by-side rates, spreads, perks from DBS to Maybank.
Q: What is the best mortgage rate 2026?
A: 1.15% for $500k+ private; Maybank 1.65% fixed.[1][2]
Q: DBS vs OCBC home loans?
A: DBS for HDB/refi, OCBC for floating flexibility.[1][2]
Q: Can I apply to multiple banks?
A: Yes, via Homejourney—one form, multiple offers, no hard inquiries until acceptance.
Q: What documents for home loan?
A: NRIC, income slips (3-6m), CPF statements. Singpass speeds it up.How to Apply for Home Loan Singapore Step by Step: Bank Rate Guide | Homejourney
Q: Best bank for HDB refinance?
A: DBS, with $2k reward offsetting fees.[1]
Q: SORA vs Fixed?
A: Fixed for stability, SORA for potential savings if rates fall. Track on Homejourney.
Q: How much can I borrow?
A: TDSR 55%, use our calculator.Mortgage Pre-Approval FAQ: Singapore Home Loans | Homejourney
Ready to compare home loans Singapore? Start at https://www.homejourney.sg/bank-rates. Homejourney ensures a trusted journey with verified data and user-first support. Find your property next: https://www.homejourney.sg/search.
