DBS Home Loan Review Complete Rates and Fees Explained

DBS offers competitive home loan packages with fixed rates starting at 1.85% p.a. for 3 years and floating SORA-pegged rates from 3M SORA +0.25% for green loans, plus low fees like zero valuation costs for loans over $1M.[1][2][5]

This cluster article dives deep into DBS home loan rates and fees for 2026, helping Singapore buyers and investors make informed decisions. As part of Homejourney's pillar guide on DBS Home Loan Review Complete Guide 2026, it provides tactical insights on costs, comparisons, and application steps. Homejourney prioritizes your safety with verified rates and transparent tools like our bank rates page.[1][2]

DBS Bank Overview: Market Leader in Singapore Home Loans

DBS, Singapore's largest bank, dominates the home loan market with a vast pool of SingDollar funds, enabling competitive fixed and floating rates for HDB, private properties, and BUC projects.[3]

Key offerings include SORA-pegged, FHR6 floating, and fixed-rate loans, plus DBS Green Home Loans for eco-friendly properties with preferential spreads like FHR6 +0.30%.[2][7] DBS suits first-time HDB buyers, private property investors, and refinancers seeking stability.

Homejourney verifies these details from official sources, ensuring you get accurate info in a trusted environment. Compare DBS instantly with OCBC, UOB, HSBC, and more on our bank rates page.

DBS Home Loan Products and Current 2026 Rates

DBS provides fixed, SORA, and FHR6 packages tailored for HDB and private properties. Fixed rates offer predictability; floating rates tie to market benchmarks like 3M SORA (currently ~0.1332%).[1][2]

Loan Type	Year 1-2 Rate	Post-Lock-In	Best For
2-Year Fixed	1.90%-1.95%	3M SORA +1.00%	Short-term stability
3-Year Fixed	1.85%-1.88%	3M SORA +1.00%	HDB upgraders
FHR6 Floating	+0.35%-0.40%	+0.35%-0.40%	Private properties
3M SORA	+0.60%	+0.60%	Low initial costs
Green Loan (BUC)	3M SORA +0.25%-0.28%	FHR6 +0.48%	Eco properties >$1M

Rates are effective as of early 2026 and lower than HDB's 2.6% p.a. For a $500K HDB loan at 0.94% (3M SORA 0.1332% +0.80% spread), first-month interest is ~$392.[1][2][4] Use Homejourney's mortgage calculator for personalized estimates.

Understanding SORA and Rate Trends

SORA (Singapore Overnight Rate Average) is the MAS-approved benchmark replacing SIBOR, with 3M Compounded SORA at 0.1332% recently. DBS adds a spread (e.g., 0.80%) for your total rate.[1]

The chart below shows recent interest rate trends in Singapore:

Rates are at 3-year lows, with DBS 3-year fixed at 1.55% for POSB HDB loans seeing 13x uptake.[4] Track live SORA on Homejourney for timing your loan.

DBS Home Loan Fees and Costs Explained

DBS keeps fees low: processing is free for loans >$1M (covers valuation), legal fees ~$5,250, stamp duties vary (e.g., $54,600 for $1.75M property).[1][5] No early repayment penalties on some fixed packages during lock-in.[4]

One-time fees: Valuation $400 (waived >$1M), legal $2K-$5K, admin $0-$500.
Lock-in penalties: 1.5% of outstanding loan for fixed packages.
Refinancing costs: Legal/valuation ~$5K, but rebates up to $2,800 for >$1.5M loans.

Total for $1.75M private loan example: $60,250 upfront + monthly $5,430-$5,742 over 24 years.[1] Always calculate total cost on Homejourney—our tools factor in fees for true affordability.

Pros and Cons of DBS Mortgage

Pros

Largest bank with stable funding for competitive rates (e.g., 1.85% fixed).[3]
Green loans for sustainable properties with lower spreads.[7]
Zero-cost refinancing >$1M; strong digibank app for management.[5]
High take-up for low-rate POSB HDB loans.[4]

Cons

FHR6 less transparent than pure SORA (bank-determined).[1]
Higher spreads post-lock-in (e.g., +1.00%).[5]
Best for larger loans; smaller HDB may find better promos elsewhere.

DBS excels for private property buyers in areas like Orchard or Sentosa Cove. Compare with Maybank or UOB on Homejourney bank rates—see who wins for your profile.

DBS Home Loan Application Process

Check eligibility: Use Homejourney's calculator (Singpass-enabled) for DBS fit.DBS Home Loan Review Complete Guide 2026 | Homejourney
Gather docs: NRIC, income proof, property details, CPF statements.
Apply: Via digibank or Homejourney's multi-bank form—submit once, get DBS + others' offers.
Timeline: Approval in 3-7 days; full process 2-4 weeks.[1]
Legal/valuation: DBS appoints lawyers; fees deducted from loan.

Pro tip: Apply via Homejourney with Singpass for auto-fill—faster, safer, less paperwork. Our brokers guide HDB upgraders from Bishan to private condos.

Why Choose Homejourney for DBS Home Loan Review

Homejourney builds trust with real-time rates from DBS, OCBC, UOB, and partners. Calculate eligibility, apply multi-bank, track SORA—all in one safe platform. Find budget-fit properties on our property search post-approval.

Disclaimer: Rates fluctuate; consult professionals. Homejourney verifies data but isn't financial advice.