Compare Singapore Bank Mortgage Rates in One Place: Your Essential Cost Guide
Comparing Singapore bank mortgage rates in one place saves you time and money when buying or refinancing HDB flats or private properties. Homejourney's bank rate comparison tool aggregates real-time rates from DBS, OCBC, UOB, HSBC, and more, helping you find the best mortgage rates tailored to your needs.
As Singapore's trusted property platform prioritizing user safety and transparency, Homejourney verifies rates daily and lets you submit one application to multiple banks. This cluster guide dives into current 2025 rates, comparison tips, and costs—linking back to our pillar on Compare Singapore Bank Mortgage Rates for full coverage.
Why Compare Bank Mortgage Rates on Homejourney?
Bank loans often beat HDB's 2.6% fixed rate, with current fixed packages as low as 1.45% and floating SORA rates from +0.25%[1][2][4]. For a $500,000 loan over 25 years, switching could save $20,000+ in interest. Homejourney's mortgage rate comparison app shows DBS OCBC UOB rates side-by-side, factoring in lock-ins and fees.
Our platform uses MyInfo via Singpass for secure, fast pre-approvals. Insider tip: Check rates before BUC submission at Projects Directory to budget accurately for projects like Tengah or Punggol.
Current Best Singapore Bank Mortgage Rates (Dec 2025)
Rates fluctuate with SORA (currently ~3.0%), but promos offer stability. Homejourney updates these hourly—use our tool for personalized quotes[1][4][6].
Top Fixed Rate Packages for New Purchases (Resale/Private)
| Bank | Loan Type | Year 1 Rate | Year 2 Rate |
|---|---|---|---|
| Promo (Various) | 2 Yr Fixed | 1.45%-1.48% | 1.45%-1.48% |
| Maybank | 2 Yr Fixed | 1.65% | 1.65% |
| Standard Chartered | 2 Yr Fixed | 1.68% | 1.68% |
| DBS | 2 Yr Fixed | 1.75% | 1.75% |
| OCBC | 2 Yr Fixed | 1.65% | 1.65% |
Note: Rates for HDB may be slightly higher (+0.05-0.10%). DBS 3Yr Fixed at 1.70% suits longer stability[1][4].
Top Floating SORA Rates (Refinance/Purchase)
| Bank | Loan Type | Year 1 Spread | Year 2 Spread |
|---|---|---|---|
| Promo (Various) | 1M SORA | +0.25% | +0.25% |
| Maybank | 3M SORA | +0.40% | +0.40% |
| DBS/OCBC/UOB | 3M SORA | +0.50%-0.65% | +0.50%-0.65% |
| HSBC | 1M SORA | +0.30%-0.50% | +0.30%-0.50% |
HSBC and Standard Chartered excel for expats; CIMB/RHB for competitive floats[1][2]. Compare bank rates Singapore on Homejourney for your profile.
Key Costs in Singapore Mortgage Rate Comparison
Beyond rates, factor Total Debt Servicing Ratio (TDSR ≤60%) and LTV (75-80% for banks vs HDB)[2]. Processing fees: $200-500; valuation $200-1,000; legal fees $2,000+. Lock-in penalties: 1.5% of loan if breaking early.
- Processing Fee: Waived in promos (e.g., DBS, UOB)
- Commitment Fee: 0.5-1% if not drawing down
- Refinance Costs: $3,000-5,000 total; break-even in 18-24 months at current lows[4]
- CPF Usage: Top-up OA for better rates
Example: $800k HDB loan at 1.5% vs 2.6% saves $1,200/month. Use Homejourney's calculator via Bank Rates .
How to Compare and Apply: 5-Step Action Plan
Follow these steps for safe, efficient comparison on Homejourney:
- Check Eligibility: Use Singpass MyInfo on Homejourney for TDSR/LTV preview.
- Compare Rates: View DBS OCBC UOB rates in our tool—filter by HDB/private, fixed/floating.
- Simulate Costs: Input property from Property Search ; see monthly payments.
- Submit Multi-Bank App: One form gets quotes from 11+ banks; banks compete for you.
- Track SORA: Homejourney alerts for repricing (every 2-3 years optimal).
Pro tip: Refinance now—rates at 3-year lows[4]. For post-purchase, check Aircon Services maintenance.
Bank Spotlights: Pros, Cons & Best For
DBS: Market leader; strong digital app. Pros: No lock-in promos. Cons: Slightly higher spreads. Best for HDB upgraders[1].
OCBC/UOB: Reliable service; UOB excels in landed. Pros: Fast approval (3-7 days). Cons: Fees if early exit[1].
Maybank/HSBC: Lowest promos. Pros: Competitive SORA. Best for investors[1]. Always verify on Homejourney.
