The definitive 2026 guide to comparing DBS, OCBC, UOB, HSBC and more mortgage rates safely on Homejourney – your trusted partner for transparent home financing.
Executive Summary
Navigating Singapore's mortgage market in 2026 demands precision. With rates at 3-year lows – fixed packages starting at 1.45% and SORA spreads as low as +0.25% – timing is critical for first-time buyers, refinancers, and investors[1][3]. Homejourney simplifies this with our bank rate comparison tool, aggregating real-time DBS OCBC UOB rates and more in one secure place. Use Singpass for instant eligibility checks and multi-bank applications to let lenders compete for you.
Bank loans now beat HDB's fixed 2.6% rate, driving switches amid falling SORA trends[3]. This pillar guide covers everything: current rates, bank comparisons, regulations like TDSR/MSR, and insider tips. All data verified for trustworthiness – Homejourney prioritizes your safety with transparent, up-to-date insights.
Table of Contents
- Why Compare Bank Mortgage Rates in Singapore?
- Understanding Singapore Mortgage Rates: SORA, Fixed & More
- HDB vs Bank Loans: Key Differences
- Current 2026 Mortgage Rates Comparison Table
- Deep Dive: Comparing Top Banks (DBS, OCBC, UOB & More)
- Homejourney: Compare, Calculate & Apply Safely
- Refinancing Guide: When & How to Switch
- TDSR, MSR & Eligibility Rules Explained
- Step-by-Step Application Process
- FAQ: Singapore Mortgage Rates 2026
Why Compare Bank Mortgage Rates in Singapore?
A 0.25% rate difference on a S$1M loan saves over S$30,000 in interest over 25 years[2]. Banks like DBS, OCBC, UOB price variably based on funding costs, loan size, and your profile – larger loans (>S$1M) often get tighter spreads[2].
Homejourney's mortgage rate comparison app shows real-time spreads from 11 banks, helping HDB upgraders or condo buyers spot promos like Maybank's 2-year fixed at 1.65%[1]. Insider tip: Check post-CNY for aggressive Year 1 rates as banks hit quotas.
Rising SORA volatility (now at lows) favors switchers from HDB's 2.6%[3]. Use Homejourney bank-rates to compare without spam – we verify data daily for trust.
Understanding Singapore Mortgage Rates: SORA, Fixed & More
SORA (Singapore Overnight Rate Average), published by MAS, is the key benchmark – volume-weighted unsecured overnight interbank rate[7]. Most floating loans peg to 1M/3M/6M SORA + spread (e.g., +0.40%). Fixed rates offer 1-3 year stability but revert higher.
FHR (Fixed Home Rate) or board rates are less common now. Promos target Year 1-2: e.g., 1.48% fixed vs SORA +0.30% floating[1]. Lock-ins (1-3 years) penalize early exit (1-1.5% of loan).
The chart below shows recent interest rate trends in Singapore:
Rates have trended down, with 3M SORA at 3-year lows, prompting repricing booms[3]. Track live on Homejourney.
HDB vs Bank Loans: Key Differences
HDB loans suit risk-averse buyers: fixed 2.6% (CPF OA +0.1%), 80% LTV, 10% downpayment[4]. Banks offer lower rates now (1.45% promos) but 75% LTV, higher fees, and volatility[1][3].
| Feature | Bank Loan | HDB Loan |
|---|---|---|
| Interest Rate | 1.45%-2.6% (promo) | 2.6% fixed |
| LTV Ratio | 75% | 80% |
| Downpayment | 25% (cash+CPF) | 10-25% |
| Flexibility | Reprice anytime (post-lock-in) | Fixed, no switch back |
Switch if bank <2.6% and lock-in ends – but no HDB return[3]. Calculate on Homejourney calculator.
Current 2026 Mortgage Rates Comparison Table
Best rates as of Feb 2026[1]. Homejourney updates hourly – compare bank rates Singapore instantly.
Best Fixed Rates (Resale Condo)
| Bank | Loan Type | Year 1 | Year 2 |
|---|---|---|---|
| Promo | 2 Yr Fixed | 1.48% | 1.48% |
| Maybank | 2 Yr Fixed | 1.65% | 1.65% |
| SCB | 2 Yr Fixed | 1.68% | 1.68% |
| DBS | 2 Yr Fixed | 1.75% | 1.75% |
Best Floating Rates
| Bank | Loan Type | Year 1 | Year 2 |
|---|---|---|---|
| Promo | 1M SORA | +0.25% | +0.25% |
| Maybank | 3M SORA | +0.40% | +0.40% |
| DBS | 3M SORA | +0.50% | +0.50% |
Maybank leads promos; DBS best for BUC flexibility[1]. View full DBS OCBC UOB rates on Homejourney.
Deep Dive: Comparing Top Banks
DBS Bank
Market leader with stable fixed (1.75% 2yr) and SORA +0.50%[1]. Pros: Flexible repricing, POSB HDB at 1.55% no-lock[3]. Cons: Higher spreads post-promo. Best for HDB refinancers. Apply via Homejourney.
OCBC Bank
Flexibility king: 1M SORA +0.65%, partial prepay options[1][2]. Pros: Large loan discounts. Cons: Rates mid-pack. Ideal for investors.
UOB Bank
Competitive fixed, strong customer service. Rates align DBS[1]. Best for relationships.
HSBC & Standard Chartered
HSBC: 1.70% fixed, income-stable focus[1][2]. SCB: 1.68% fixed, +0.50% SORA. Pros: Bundled perks. Cons: Stricter criteria.
Maybank, CIMB, RHB, Public, Hong Leong, Citibank
Maybank tops promos (1.65% fixed, +0.40% SORA)[1]. Others competitive for niches. Compare all on Homejourney bank rate comparison tool.
Homejourney: Compare, Calculate & Apply Safely
Why juggle sites? Homejourney aggregates best mortgage rates from DBS to Citibank. Features:
- Real-time compare bank rates Singapore – see spreads side-by-side.
- Mortgage calculator for TDSR/MSR.
- One-click multi-bank apps via Singpass – banks bid for you. See Benefits of Multi-Bank Application in One Click | Homejourney ">multi-bank benefits.
- Live SORA tracker. Guide: How to Use Homejourney Bank Rate Comparison: 2026 Guide ">How to use Homejourney comparison.
Safety first: Singpass auto-fill cuts fraud. Link to property search for budget fits.
Refinancing Guide: When & How to Switch
Reprice post-lock-in (admin fee ~S$200); full refinance for better rates (legal fees S$2-3K)[3]. Example: DBS 1.6% saves S$500/mth vs 3%[3].
- Check lock-in end.
- Compare on Homejourney.
- Apply multi-bank. Use Step by Step Singpass Loan Application Guide | Homejourney ">Singpass guide.
Tip: Time with SORA dips – track via our chart.
TDSR, MSR & Eligibility Rules Explained
TDSR (60% debt-to-income), MSR (30% for HDB)[2]. E.g., S$10K income = S$3K MSR. Use TDSR & MSR Calculator: Check Borrowing Limits with Homejourney ">Homejourney TDSR calculator. ABSD, LTV cap loans.
Disclaimer: Not financial advice; consult pros. Homejourney verifies eligibility pre-app.
Step-by-Step Application Process
1. Compare/calc on bank-rates.
2. Singpass login, auto-fill docs (IC, income slips).
3. Multi-submit – get offers in 1-3 days.
4. Valuation/legal (1-2 weeks).
5. Disburse. Brokers assist via Homejourney.
Timeline: 2-4 weeks. See How to Use Homejourney Mortgage Calculator: Step-by-Step Guide ">calculator guide.
FAQ: Singapore Mortgage Rates 2026
What are the best mortgage rates in Singapore now?
Fixed: 1.48% (promo 2yr). Floating: 1M SORA +0.25%. Compare on Homejourney[1].
DBS OCBC UOB rates comparison?
DBS: 1.75% fixed/+0.50% SORA. OCBC: +0.65% 1M. UOB similar. Full table on Homejourney[1].
Is now a good time to refinance HDB to bank?
Yes, if <2.6% – but no HDB return[3].
How does Homejourney mortgage rate comparison app work?
Real-time from 11 banks, Singpass apply. Safe & fast.
SORA vs Fixed: Which is better?
Fixed for certainty; SORA if rates fall. Calc both on Homejourney.
Can I compare rates for BUC/landed?
Yes – DBS leads BUC[1]. Filter by property on our tool.
Ready? Compare rates now, calc eligibility, and apply securely. Homejourney ensures transparency, verifies data, and supports your journey – from loan to property search and beyond. Trust us for safe decisions.
