DBS Home Loan Review Complete vs Other Banks Comparison | Homejourney
DBS offers competitive home loans with fixed rates from 1.85% p.a. for 3 years and SORA spreads as low as +0.25%, often beating OCBC and UOB on total borrowing costs for HDB and private properties.
At Homejourney, we prioritize your safety and trust by verifying real-time rates from all major banks, helping you compare DBS home loans confidently against peers like OCBC, UOB, and HSBC.
Why Compare DBS Home Loans with Other Banks?
This DBS home loan review complete vs other banks comparison supports our pillar guide on DBS Home Loan Review 2026: Complete Guide, focusing on tactical insights for Singapore buyers.
DBS, Singapore's largest bank with $646 billion in assets, leads in low-cost funding and innovations like FHR6 pegging.[2] Use Homejourney's bank-rates page to see live DBS mortgage review data vs competitors instantly.
Singapore's Total Debt Servicing Ratio (TDSR) caps stress-tested payments at 55% of income, making precise rate comparisons essential for HDB upgraders or private property investors.
DBS suits low-loan amounts from $200,000 with cash rewards, unlike OCBC/UOB's $300,000 minimum.[1]
DBS Home Loan Products and Current Rates (2026)
DBS provides fixed, FHR6, and DBS SORA loan options for completed properties, HDB, and BUC (Building Under Construction).[1]
Key packages include:
- 3-Year Fixed: 1.85%-2.00% p.a., reverts to 3M SORA +0.60%.[1]
- 2-Year Fixed: 1.90%-1.95% p.a.[1]
- FHR6 (Floating): 3M SORA +0.35%-0.40% (Year 1-2).[1]
- 3M SORA: +0.60% spread; effective ~0.94% with current 0.1332% SORA.[2]
- BUC/Green Loans: 3M SORA +0.25%-0.28%, FHR6 +0.30%-0.45%.[1]
DBS fixed rate options shine for stability, with no early repayment penalties on some 3-year packages.[5] Rates are lower than HDB's 2.6% p.a.[2]
The chart below shows recent interest rate trends in Singapore:
SORA has hit 3-year lows, boosting fixed-rate appeal; DBS's 1.55% POSB HDB 3-year fixed saw 13x uptake recently.[5]
DBS vs Other Banks: Side-by-Side Comparison
Compare DBS housing loan spreads and features against Homejourney partners. DBS edges on total cost, but check specifics via our mortgage calculator.
| Bank | Best Fixed (Year 1) | SORA Spread | Min Loan for Rewards | Lock-in |
|---|---|---|---|---|
| DBS | 1.85% (3Y)[1] | +0.60%[1] | $200k[1] | 2-3Y |
| OCBC | 1.90%+[3] | +0.65%+ | $300k | 2-3Y |
| UOB | 1.95%+[3] | +0.70%+ | $300k | 2-3Y |
| HSBC | 1.88%[3] | +0.55% | $500k | 3Y |
| Standard Chartered | 1.90% | +0.60% | $400k | 2Y |
| Maybank/Citi | From 1.35% ($500k+)[3] | +0.50% | Varies | Flexible |
DBS wins for HDB buyers (e.g., $500k loan saves ~$4,100/year vs HDB).[5] For investors, see our Best Bank for Property Investors guide.
Pros and Cons of DBS Mortgage Review
Pros
- Lowest total borrowing cost among big three banks.[1]
- DBS Multiplier: Up to 4.10% savings returns.[1]
- Flexible for small loans; green incentives.[1]
- Pioneered FHR/SORA transparency.[6]
Cons
- FHR6 less transparent than pure SORA (bank-controlled).[2]
- Higher spreads post-lock-in vs promo banks like Maybank for large loans.[3]
- Refinancing penalties during lock-in (2-3%).
Best for first-time HDB buyers or low-quantum loans. For refinancing, calculate on Homejourney to let banks compete.
DBS Home Loan Application Process
Apply via Homejourney's one-click multi-bank submission using Singpass for auto-fill – faster approvals, less paperwork.
Documents: NRIC, income slips (3 months), CPF statements, property Option to Purchase. Processing: 3-7 days for IP disclosure, 2-4 weeks full approval.[9]
- Check eligibility on Homejourney calculator (TDSR/LTV compliant).
- Submit via Singpass on Homejourney – get DBS + others competing.
- Receive offers; lock best rate.
- Legal completion with no hidden fees.
Timeline faster with Homejourney's brokers. Details in DBS Application Process guide.
Customer Experience and Refinancing
DBS excels in digibank app for instalment tracking, but service mixed for complex cases. Refinance now amid low SORA – switch without HDB revert risk.[5]
Homejourney simplifies: Track live 3M/6M SORA, apply multi-bank, connect with brokers for personalized advice.
FAQ: DBS Home Loan Review Complete vs Other Banks
What is the best DBS fixed rate in 2026?
3-year fixed at 1.85% p.a., ideal for stability vs floating SORA.[1]
Is DBS SORA loan better than OCBC?
DBS +0.60% spread often lower total cost; compare on Homejourney bank-rates.[1]
Who should choose DBS housing loan?
First-time buyers, HDB owners, or those with $200k+ loans seeking rewards.[1]
Can I refinance DBS without penalty?
Yes post-lock-in; use Homejourney for best offers from UOB/HSBC too.[5]
How to apply safely via Homejourney?
Singpass integration ensures secure, verified process – banks compete for you.
Disclaimer: Rates as of Jan 2026; subject to change. Homejourney verifies data but consult professionals. Not financial advice.
Start your secure DBS vs other banks comparison on Homejourney bank-rates. Find budget-fit properties at property search and explore projects at [projects-directory]. Trust Homejourney for transparent decisions.
