Compare Singapore Bank Mortgage Rates in One Place | Homejourney
The definitive guide to finding the best home loans from DBS, OCBC, UOB, HSBC and more – all in one safe, trusted platform.
Executive Summary
Navigating Singapore's mortgage market can feel overwhelming with rates from DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank and others changing daily. Homejourney simplifies this with our bank rate comparison tool that aggregates real-time rates from all major banks, letting you compare bank rates Singapore style in seconds. Whether you're a first-time HDB buyer, condo investor or refinancing homeowner, our platform shows effective rates, lock-in periods, SORA spreads and hidden fees side-by-side.
At Homejourney, user safety and transparency come first. We verify every rate update, integrate Singpass for secure applications, and let banks compete for your business through one multi-bank submission. This guide breaks down current 2026 rates, bank comparisons, SORA trends and actionable steps to secure the best mortgage rates. Start comparing now at Homejourney bank rates page.
Table of Contents
- Why Compare Bank Mortgage Rates?
- Understanding Singapore Mortgage Rates and SORA
- Detailed Bank-by-Bank Rate Comparisons
- Rates for Purchase vs Refinancing
- Homejourney's Mortgage Rate Comparison App
- Eligibility, TDSR and Application Tips
- FAQ: Singapore Mortgage Rates 2026
Why Compare Bank Mortgage Rates in Singapore?
Singapore's competitive banking sector means even 0.1% rate differences can save tens of thousands over 25-30 years. For a $1 million loan, a 0.5% lower rate saves over $100,000 in interest[1]. Local banks like DBS, OCBC and UOB dominate 80% of the market, but foreign banks like HSBC and Standard Chartered often offer sharper promo rates[3].
Homejourney's mortgage rate comparison app pulls live data so you avoid outdated websites. Insider tip: Rates for HDB loans differ from private property – always filter by property type on our tool. Regulations from MAS and HDB cap Total Debt Servicing Ratio (TDSR) at 55% of income, making precise comparisons essential[2].
Key Factors Beyond Rates
- Lock-in periods: 1-3 years typical; early breakage penalties 1.5% of loan[1]
- SORA spreads: +0.25% to +0.65% common for floating rates[1]
- Cash rebates: Up to $2,800 for refinancing over $1M[3]
- Prepayment flexibility: 20-40% annual without penalty varies by bank
Understanding Singapore Mortgage Rates and SORA
SORA (Singapore Overnight Rate Average) replaced SOR/SIBOR as the benchmark since 2024. It's a risk-free rate based on actual transactions, more transparent than past pegs[6]. Most floating loans are 3M SORA + spread (e.g., 3M SORA ~2.8% +0.40% = 3.2% effective)[1]. Fixed rates start at 1.45%-1.75% for Year 1-2 promos[1].
The chart below shows recent interest rate trends in Singapore:
As visible, SORA has stabilized post-2025 peaks, favoring fixed-to-floating switches. Fixed rates suit risk-averse buyers; floating benefits if rates fall further. Always check MAS for latest SORA at MAS.gov.sg.
Fixed vs Floating: Quick Comparison Table
| Type | Best For | Year 1 Rate (2026) | Risk Level |
|---|---|---|---|
| Fixed (1-3Y) | Predictability | 1.45%-1.75%[1] | Low |
| 3M SORA | Potential savings | ~3.1% (+0.30%)[1] | Medium |
Detailed Bank-by-Bank Rate Comparisons (Jan 2026)
Compare DBS OCBC UOB rates and more below. Rates for resale/landed; BUC slightly higher. Data aggregated from market leaders[1][3]. Use Homejourney's bank rate comparison tool for personalized quotes.
Best Fixed Rates: Resale Condo/Landed
| Bank | Loan Type | Year 1 | Year 2 |
|---|---|---|---|
| Promo | 2Y Fixed | 1.48% | 1.48%[1] |
| Maybank | 2Y Fixed | 1.65% | 1.65%[1] |
| SCB | 2Y Fixed | 1.68% | 1.68%[1] |
| HSBC | 2Y Fixed | 1.70% | 1.70%[1] |
| DBS | 2Y Fixed | 1.75% | 1.75%[1] |
| OCBC | 2Y Fixed | 1.65% | 1.65%[1] |
DBS Home Loans
DBS, Singapore's largest bank, offers fixed rates from 1.50% Year 1-2 (3M SORA package) and FHR6 +0.60% floating[3]. Strengths: Salary crediting perks via Multiplier Account, 100% sale penalty waiver. Best for HDB upgraders. Cash rebate up to $2,800 on refi[3]. Compare DBS rates on Homejourney.
OCBC Home Loans
OCBC emphasizes flexibility with 1M/3M SORA +0.65%, partial prepayments. Rates competitive for larger loans (>$1M). Good for investors needing repricing options[2].
UOB Home Loans
UOB offers solid 3M SORA packages, often matching DBS. Known for stable pricing and quick approvals for locals.
HSBC & Standard Chartered
HSBC: 2Y fixed 1.70%, targets high-income[2]. SCB: Promo 1M SORA +0.30%, aggressive for refi[1]. Both excel for expats/foreign income.
Maybank, CIMB, RHB, Others
Maybank leads promos at 1.65% fixed, 3M SORA +0.40%[1]. CIMB/Public Bank good for HDB refi. Hong Leong/Citibank suit niche needs like longer fixed.
Purchase vs Refinancing Rates (2026)
Purchase rates slightly higher due to risk. HDB refi promos hit 1M SORA +0.30%[1]. See Best Bank Refinancing Rates Comparison 2026 | Homejourney ">Best Bank Refinancing Rates 2026 for details. Refi if current rate >3.5% and >12 months to lock-in end.
Homejourney's Bank Rate Comparison Tool
Why juggle websites? Homejourney's mortgage rate comparison app shows DBS OCBC UOB rates live. Features:
- Real-time SORA tracking
- Eligibility calculator: Try now
- One-click multi-bank apps via Singpass
- Connect with Homejourney Mortgage Brokers
Read Multi-Bank Loan Apps in One Click: Key Benefits | Homejourney ">Multi-Bank Loan Apps Benefits. After securing rates, search properties at Homejourney property search.
Eligibility, TDSR and Pro Tips
TDSR limits debt to 55% income (stress-tested at 4% rate). Example: $10k monthly income maxes ~$5,500 debt. MSR for HDB: 30%[HDB.gov.sg]. Steps:
- Calculate affordability on Homejourney
- Compare rates here
- Apply via Singpass: See Step-by-Step Singpass Loan Application Guide | Homejourney ">Singpass Guide
Disclaimer: Rates change; not financial advice. Consult professionals. Homejourney verifies data for trust.
FAQ: Compare Singapore Bank Mortgage Rates 2026
What is the best mortgage rate in Singapore now?
Promo 2Y fixed at 1.48%, 1M SORA +0.25% for refi[1]. Compare on Homejourney.
DBS vs OCBC vs UOB: Which has lowest rates?
Maybank/ promos lead fixed; DBS strong for BUC[1]. Use our tool for your profile.
How to compare bank rates Singapore quickly?
Visit Homejourney bank-rates for instant side-by-side.
Is now good time to refinance HDB loan?
Yes if >2.6% vs bank promos <2%[2]. Check How to Calculate If Refinancing is Worth It: Homejourney Guide ">Refi Calculator Guide.
What documents for home loan application?
NRIC, income slips (3 months), CPF statements. Singpass auto-fills on Homejourney.
How does Homejourney ensure rate accuracy?
Real-time bank feeds, daily verification – safety first.
Ready to save? Compare bank rates on Homejourney today. Pair with property search for your dream home. For maintenance, see Aircon Services ">aircon services. Homejourney: Your trusted partner every step.
