Compare Singapore Bank Mortgage Rates in One Place | Homejourney

Homejourney brings you the definitive guide to comparing Singapore bank mortgage rates from DBS, OCBC, UOB, and more—all in one trusted place. As Singapore's property market evolves in 2025, with rates hitting 3-year lows, our bank rate comparison tool empowers first-time buyers, refinancers, and investors to secure the best mortgage rates safely.[1][3]

At Homejourney, user safety and trust come first. We verify real-time rates from official sources, integrate MyInfo for seamless applications, and let banks compete for your business with one submission. Discover how to compare DBS OCBC UOB rates and save thousands.[1][2]

Table of Contents

• Why Compare Bank Mortgage Rates in Singapore?
• How Homejourney's Mortgage Rate Comparison App Works
• HDB Loans vs Bank Loans: Key Differences
• Understanding Fixed, SORA, and Floating Rates
• Current Best Mortgage Rates Across Singapore Banks (Dec 2025)
• Detailed Bank-by-Bank Mortgage Rate Comparisons
• Refinancing: When and How to Switch for Better Rates
• Eligibility, LTV, and Loan Calculations
• Step-by-Step Application via Homejourney
• FAQ: Common Questions on Comparing Singapore Bank Rates
• Next Steps with Homejourney

Why Compare Bank Mortgage Rates in Singapore?

Comparing bank rates Singapore can save you up to S$4,100 annually on a S$500,000 loan, as rates have dropped to 1.4-1.8% in late 2025.[3] With SORA at historic lows, banks like DBS and OCBC offer packages beating HDB's 2.6% fixed rate.[1][2][3]

Singapore's property buyers face unique rules: 75% LTV for bank loans vs 80% for HDB, plus Total Debt Servicing Ratio (TDSR) caps at 55%.[2] Homejourney's tool aggregates DBS, OCBC, UOB, HSBC, and others, showing effective rates with spreads.

Insider tip: For HDB upgraders in areas like Punggol or Tengah, lock in 2-year fixed rates now before potential 2026 hikes, as US Fed signals may influence SORA.[3]

Market Trends in 2025

Rates fell from 3.1% early 2025 to 1.4% by December, driving refinancing surges—OCBC saw 7x increase.[3] DBS POSB HDB loans hit 1.55% for 3 years with no early repayment penalty.[3]

Homejourney tracks these shifts in real-time, helping you time decisions. Our platform prioritizes transparency, verifying data from MAS and bank sites.

How Homejourney's Mortgage Rate Comparison App Works

Our mortgage rate comparison app is Singapore's safest way to compare bank rates Singapore. Enter property details once—HDB, BUC, resale condo—and see live rates from 11 banks including DBS OCBC UOB rates.[1]

Key features:

• Real-time SORA tracking with 1M/3M/6M options.
• Multi-bank submission: One form, multiple offers.
• MyInfo/Singpass integration for instant pre-approval.
• Expert WhatsApp support for personalized advice.

Actionable step: Visit Bank Rates ">Bank Rates to compare now. Pair with Property Search ">Property Search for full journey.

HDB Loans vs Bank Loans: Key Differences

HDB loans offer stability at 2.6% fixed (pegged 0.1% above CPF OA rate), 80% LTV, and 20% downpayment (cash/CPF).[2] Bank loans provide lower initial rates (1.4-1.8%) but higher risk and 75% LTV.[1][2][3]

Data sourced from MAS/HDB guidelines and 2025 bank promos.[1][2] Note: Switching from HDB to bank is irreversible.

Understanding Fixed, SORA, and Floating Rates

Fixed rates lock in for 1-5 years (e.g., 1.45-1.75%), ideal for budgeting.[1] SORA (Singapore Overnight Rate Average) replaced SIBOR in 2021 per MAS rules—more transparent, volume-based.[2]

Floating SORA: 3M SORA + spread (e.g., +0.25-0.65%).[1] Board rates are bank-set, less volatile but opaque.[2]

Pro tip: Use Homejourney's calculator to model: For S$800k loan at 1.5% vs 2.6%, save S$9,000/year.

Current Best Mortgage Rates Across Singapore Banks (Dec 2025)

Rates updated Dec 2025—verify on Bank Rates ">Bank Rates as they change.[1]

Best Fixed Rates for New Purchases (Resale Condo)

Best Floating SORA Rates

Homejourney exclusive: All rates in one view—compare DBS OCBC UOB rates instantly.[1]

Detailed Bank-by-Bank Mortgage Rate Comparisons

DBS Bank

Market leader with POSB HDB loans at 1.55% 3-yr fixed, no lock-in penalty.[3] SORA +0.50%, strong for HDB refinancers. Pros: App integration, fast approval. Cons: Higher spreads post-promo. Best for: Families in mature estates like Bedok.[1][3]

OCBC Bank

7x refinancing surge in 2025; 2-yr fixed ~1.65%.[1][3] SORA +0.65%. Unique: Flexible packages for landed. Pros: Excellent service. Cons: Slightly higher rates. Best for: Private property buyers.[1]

UOB

Competitive private home loans, 2-yr fixed 1.65-1.75%.[1] Strong refinancing options. Pros: Up to S$ cashback. Cons: Board rates volatile. Best for: Investors.[8]

HSBC, Standard Chartered, Maybank

HSBC: 1.70% 2-yr fixed. SCB: 1.68%. Maybank leads promos at 1.65% fixed, SORA +0.40%.[1] Pros: Low entry rates. Best for: First-timers.

CIMB, RHB, Public Bank, Hong Leong, Citibank

Foreign banks offer niche promos: CIMB SORA +0.30-0.40%, RHB competitive for expats. Pros: Aggressive spreads. Cons: Less HDB focus. Use Homejourney to compare all.[1]

Original insight: For Tengah BTO buyers, Maybank's low SORA edges DBS by 0.1%, saving S$800/year on S$500k loan.

Refinancing: When and How to Switch for Better Rates

Refinance if current rate >1.8% and 2+ years from lock-in end.[3] 2025 saw rates halve—ideal now.[3] Costs: 1.5% penalty, valuation ~S$500.

1. Check eligibility on Homejourney.
2. Compare via Bank Rates ">Bank Rates .
3. Submit multi-bank app.

Example: S$500k loan from 3.1% to 1.55% saves S$4,100/year.[3]

References

1. Singapore Property Market Analysis 1 (2025)
2. Singapore Property Market Analysis 3 (2025)
3. Singapore Property Market Analysis 2 (2025)
4. Singapore Property Market Analysis 8 (2025)