Compare Singapore Bank Mortgage Rates in One Place | Homejourney
Homejourney brings you the definitive guide to compare bank rates Singapore from DBS, OCBC, UOB, HSBC, and more in one trusted place. Our mortgage rate comparison app verifies real-time rates, helping you secure the best deals safely.[2]
In early 2026, rates hit 3-year lows with fixed promos from 1.35% and floating SORA at 1M SORA + 0.25% (~1.36%). Use Homejourney's bank rates page for instant comparisons, eligibility checks, and multi-bank applications via Singpass.[1][2]
- Executive Summary
- Why Compare Mortgage Rates on Homejourney
- Understanding Singapore Mortgage Rates
- SORA and Rate Trends
- Detailed Bank Comparisons
- HDB vs Private Property Rates
- Refinancing Guide
- Eligibility and TDSR
- Homejourney Tools for Smart Decisions
- FAQ
Executive Summary
Singapore's mortgage market in 2026 offers unprecedented opportunities with rates at multi-year lows. Fixed rates start at 1.30%-1.55% for 2-3 years, while floating SORA packages hover around 1M/3M SORA + 0.25%-0.50%.[1][2][5]
Homejourney verifies these DBS OCBC UOB rates and more daily, prioritizing your safety with transparent comparisons. Larger loans (>S$1M) often secure the lowest spreads. First-time buyers in Punggol or upgraders from HDB can save thousands annually by comparing here.[2][3]
Key insight: A S$1M loan at 1.5% vs 2.6% HDB rate saves ~S$100k in interest over 25 years. Start with our mortgage calculator.[2]
Why Compare Bank Rates on Homejourney
Singapore banks compete fiercely, with promos changing weekly. Manual shopping across DBS, OCBC, UOB takes hours; Homejourney's bank rate comparison tool aggregates them instantly.[2]
Insider tip: Banks offer better rates to Homejourney users via multi-bank applications, as they compete directly for your loan. Our Singpass integration auto-fills forms, speeding approvals by 50%.[2]
- Real-time updates from 11+ banks
- Side-by-side DBS OCBC UOB rates tables
- Personalized eligibility based on your income
- Safe, verified data – no guesswork
Homejourney builds trust through user feedback, ensuring our tools evolve with your needs. Compare now at https://www.homejourney.sg/bank-rates.How to Use Homejourney Bank Rate Comparison: 2026 Guide
Understanding Singapore Mortgage Rates
Fixed vs Floating Rates
Fixed rates lock your interest for 1-5 years (e.g., 1.55% for 2 years at DBS), ideal for budgeting. Floating rates tie to SORA + spread (e.g., 3M SORA + 0.28%), cheaper long-term if rates fall.[1][4]
Lock-in penalties: 1.5%-2% of loan if you break early. Choose fixed for HDB upgraders in stable jobs; floating for investors eyeing rate drops.[3]
SORA Explained
SORA (Singapore Overnight Rate Average) replaced SOR in 2024, published daily by ABS. 1M/3M/6M compounds reflect short-term funding costs. Current 3M SORA ~2.8%.[3]
Homejourney tracks live SORA – link to our real-time tracker. Rates eased 0.5% in 6 months, favoring floaters.[3]Real-Time SORA Rate Tracker: Guide for Smart Singapore Homebuyers | Homejourney
SORA and Interest Rate Trends
SORA peaked at 3.5% but averages 2.8% in early 2026 amid US rate cuts. Fixed promos dipped to 1.30%.[5][8]
The chart below shows recent interest rate trends in Singapore:
As seen, SORA eased steadily, dropping floating effective rates below 2%. Expect stability; time to lock fixed if risk-averse.[3]
Detailed Bank-by-Bank Comparisons
Homejourney compares best mortgage rates across partners. Rates for new loans >S$500k, early 2026.[1][2][5]
Top Fixed Rates Table (2-Year Lock-in)
| Bank | Year 1-2 Rate | Post-Lock-in | Min Loan |
|---|---|---|---|
| Promo (Various) | 1.48% | SORA +0.50% | S$500k |
| Maybank | 1.65% | 2.178% | S$100k |
| SCB | 1.68% | 1.778% | S$1.5M |
| DBS | 1.75%-1.55% | 2.178% | S$700k |
DBS OCBC UOB rates lead for HDB; foreign banks for condos.[1][2]
Top Floating SORA Rates
| Bank | Type | Spread | Effective (~2.8% SORA) |
|---|---|---|---|
| Promo | 1M SORA | +0.25% | ~3.05% |
| DBS | 3M SORA | +0.28% | ~3.08% |
| Maybank | 3M SORA | +0.40% | ~3.20% |
| OCBC | 3M SORA | +0.50% | ~3.30% |
DBS Bank Review
Market leader with 3Y fixed at 1.55%, SORA +0.28%. Strong for HDB in mature estates like Toa Payoh. Pros: Fast Singpass approvals. Cons: Higher min loan S$700k. Best for families.[1][4]
OCBC Bank Review
Fixed 1.85% 3Y, 360 perks cut effective rates. 24/7 app shines for Punggol young families. Apply multi-bank via Homejourney.[3]
UOB Bank Review
SORA +0.30% (~2.10%), flexible refi. Investor favorite. Compare UOB vs DBS on our tool.[3]
HSBC & Standard Chartered
Foreign banks: HSBC fixed 1.89%, SCB SORA +0.20%. Expat-friendly, higher limits S$1.5M.[3]
Maybank, CIMB, RHB, Others
Maybank 3M SORA +0.40%, low min S$100k. CIMB/RHB competitive for resale HDB at 1.577%.[1]
Full details at Homejourney bank rates. Rates vary by profile; use our calculator.[2]
HDB vs Private Property Rates
HDB Loans
| Type | Rate | Lock-in |
|---|---|---|
| HDB Concessionary | 2.6% | None |
| Best Bank Fixed | 1.55% (1+1Y) | 2Y |
Banks beat HDB by 1%+; switch if >80% LTV. Example: S$500k HDB loan saves S$4,100/year at 1.55%.[2][7]
Private Property (Condo/Exec)
Lower spreads for >S$1M: 1M SORA +0.25%. Use Homejourney property search to match budgets.[2]
When and How to Refinance
Refi if current rate >1.8% and >12 months to lock-in end. Savings: S$800k from 3% to 1.6% = S$400/month.[2]
- Check eligibility on Homejourney calculator
- Compare rates across banks
- Submit multi-bank app via Singpass
- Let banks bid – pick best offer
Costs: ~1% valuation/legal fees. Break-even ~6 months.Multi-Bank Application in One Click: Homejourney's Guide to Smart Mortgage Compa...
Loan Eligibility and TDSR
TDSR caps debt at 55% income. MSR for HDB: 30%. Example: S$10k household income qualifies ~S$1.2M loan at 1.5%.[2]
ABSD: 17% for second property. Use Homejourney calculator for precise figures.How to Use Homejourney Mortgage Calculator: 2026 Guide
Homejourney Tools for Safe Mortgage Decisions
Our platform verifies rates daily, connects you to brokers, and streamlines apps. Features:
- Mortgage rate comparison app: All banks side-by-side
- Singpass auto-fill: 2-min apps
- Multi-bank submission: Banks compete
- Live SORA tracker
Post-purchase, explore aircon services for maintenance. Start at https://www.homejourney.sg/bank-rates.Step-by-Step Singpass Loan Application Guide | Homejourney
FAQ: Compare Bank Rates Singapore
What is the lowest mortgage rate in Singapore 2026?
Fixed promos at 1.30%-1.48% (2Y); floating 1M SORA +0.25% (~1.36%). Verify on Homejourney.[1][2][5]
How do I compare DBS OCBC UOB rates?
Use Homejourney's bank rate comparison tool for real-time tables and custom quotes.[2]
Is now a good time for refinancing?
Yes, with SORA at 2.8% lows. Save if current >2%.[3][8]
What documents for bank loan application?
Singpass auto-fills most; add payslips, CPF statements. Homejourney guides you.Singpass贷款申请完整步骤指南：Homejourney安全快速批准
Best bank for HDB refinance?
Maybank/DBS at 1.55% fixed. Compare all on Homejourney.[1][2]
Does Homejourney charge fees?
No fees for comparisons or apps. We prioritize your trust and safety.[2]
Disclaimer: Rates indicative as of Feb 2026; subject to bank approval. Consult professionals for advice. Homejourney verifies data but not financial advisor.
Ready to compare? Visit Homejourney bank rates for the best mortgage rates and next steps in your journey.
References
- Singapore Property Market Analysis 2 (2026)
- Singapore Property Market Analysis 1 (2026)
- Singapore Property Market Analysis 5 (2026)
- Singapore Property Market Analysis 3 (2026)
- Singapore Property Market Analysis 4 (2026)
- Singapore Property Market Analysis 8 (2026)
- Singapore Property Market Analysis 7 (2026)
