DBS Home Loan Review: Complete Rates and Fees Explained
DBS offers competitive home loan packages starting from 3M SORA +0.25% for BUC green loans and fixed rates from 1.85% for 3-year packages, with low minimum loan amounts from $200,000 for HDB flats.
At Homejourney, we prioritize your safety and trust by verifying real-time rates from DBS and other banks like OCBC, UOB, and HSBC. This DBS Home Loan Review Complete Rates and Fees Explained helps first-time buyers and refinancers make informed choices. Compare all options securely on Homejourney's bank rates page.[1][2][3]
DBS Bank Overview: Singapore's Leading Home Lender
DBS, Singapore's largest bank, dominates the home loan market with tailored packages for HDB, resale, and private properties, including Building Under Construction (BUC) options. They excel in total borrowing costs, often cheaper long-term despite not always having the lowest introductory rates.[1][3]
Key unique selling points include the DBS Multiplier account offering up to 4.10% returns on savings over $50,000, low minimum loan quantum of $200,000 for HDB preferential rates (vs $300,000 at OCBC/UOB), and green loan incentives. For HDB upgraders in areas like Punggol or Tengah, DBS's POSB HDB loan saw 13x take-up in late 2025 amid falling rates.[6]
Link to our pillar guide for full Singapore home loan comparisons: DBS Home Loan Review 2026: Complete Guide | Homejourney .
DBS Home Loan Products and Current 2026 Rates
DBS provides floating (3M SORA, FHR6), fixed (2-3 years), and BUC packages. Rates peg to 3M Compounded SORA (currently ~0.1332%) plus spreads, validated by MAS for transparency over older SIBOR.[1][2]
Floating Rates (Completed Properties):
- 3M SORA +0.60% (Year 1-2)
- FHR6 +0.35%-0.40% (Year 1-2; FHR6 tracks DBS 6-month fixed deposit rate)
Fixed Rates:
- 2-Year Fixed: 1.90%-1.95%
- 3-Year Fixed: 1.85%-1.88% (reverts to 3M SORA post-lock-in)
BUC/Green Loans:
- 3M SORA +0.25%-0.28% (Year 1-2)
- FHR6 +0.30%-0.35% (Year 1)
The chart below shows recent interest rate trends in Singapore:
As seen, rates hit 3-year lows in 2026, favoring fixed packages now.[6]
DBS Mortgage Review: Fees and Charges Breakdown
DBS fees are competitive but include penalties. Key charges:[4]
| Fee Type | Amount |
|---|---|
| Refinance Penalty (same bank) | 1.50% outstanding + 0.75% undisbursed + $800 processing |
| Change Loan Tenure | $250 processing |
| Non-Discharge Admin (per year) | $300 |
| Overdue Interest | 5% above DBS Prime |
| Statement Requests | $20-$50 |
| Third-Party Insurer Admin | $100/year |
Refinancing over $1M often waives valuation fees, making it near zero-cost. Always calculate total costs on Homejourney's mortgage calculator.[1][4][5]
Pros and Cons of DBS Home Loans
Pros:
- Lowest total cost over loan life[1]
- Flexible packages for HDB/private/BUC
- Low $200K minimum for rewards
- Strong online tools and Singpass integration
- Green loan perks for eco-properties
Cons:
- FHR6 less transparent than pure SORA[2]
- Refinance penalties if staying with DBS
- Higher spreads post-promo vs some peers
Best for low-quantum HDB buyers or Multiplier users. Compare with OCBC/UOB on Homejourney.[1][2]
DBS Home Loan Application Process
Steps for approval:
- Check Eligibility: Use Homejourney's calculator for TDSR/LTV (max 75% for HDB, 55% private).
- Gather Docs: NRIC, income proof (last 3 payslips), CPF statements, property Option to Purchase.
- Apply: Via DBS digibank or Homejourney's multi-bank form with Singpass auto-fill for speed.
- Timeline: 3-7 days approval; valuation 1-2 weeks.
- Criteria: Min income $3,000 (single), age <65 at maturity, positive BCI.
Submit one app on Homejourney bank-rates to get DBS + other offers.[2]
Customer Experience and Refinancing with DBS
DBS shines in digital banking with real-time SORA tracking and fast approvals via Singpass. Customer service is reliable for HDB loans, but refinancing penalties deter frequent switches. For investors, pair with cash flow analysis: Rental Yield vs Mortgage: Cash Flow Analysis | Homejourney Guide .
Homejourney simplifies: Track live rates, apply to DBS/HSBC/Standard Chartered simultaneously, and let banks compete.
Why Choose Homejourney for Your DBS Loan Decision
Homejourney verifies rates daily, ensuring transparency in a trusted space. Calculate affordability, search HDB/private properties on property search, and connect with brokers via bank-rates. For investors: Best Bank for Property Investors in Singapore 2026 | Homejourney Guide .
Disclaimer: Rates fluctuate; this is not financial advice. Consult professionals. Data as of Jan 2026.[1][4][6]
FAQ: DBS Home Loan Singapore
What is the current DBS fixed rate in 2026?
3-Year Fixed starts at 1.85%, 2-Year at 1.90%. Reverts to 3M SORA + spread.[1]
Are DBS SORA loans better than fixed?
SORA (e.g., +0.60%) suits falling rates; fixed protects against rises. Use Homejourney chart.[2][6]
What fees for DBS refinancing?
1.50% outstanding if same bank + processing. Waivers for large loans.[4][5]
Minimum loan for DBS HDB rewards?
$200,000, lower than peers.[1]
How to apply for DBS via Homejourney?
Visit bank-rates, use Singpass, get multi-bank offers instantly.
Ready to secure the best DBS home loan? Start with Homejourney bank rates comparison today for safe, verified insights.
