Get Multiple Bank Offers with One Application: Homejourney Guide
Get multiple bank offers with a single application through Homejourney's secure platform, simplifying Singapore home loans for buyers and investors. This definitive guide explains how to compare bank offers, secure the best loan offer, and use our mortgage comparison service—all while prioritizing your safety and trust.
In Singapore's competitive property market, where HDB flats average S$500,000 and condos exceed S$2 million, finding the optimal mortgage saves thousands over 25-30 years. Homejourney verifies rates in real-time from 11 major banks, enabling one-click multi-bank submissions via Singpass for faster approvals.[1][4]
Table of Contents
- Executive Summary
- Why Get Multiple Bank Offers?
- How Homejourney's Single Application Works
- Singapore Home Loan Basics
- Detailed Bank Comparisons
- Step-by-Step Application Process
- Interest Rate Trends
- Refinancing with Multiple Offers
- FAQ
- Next Steps with Homejourney
Executive Summary
This pillar guide is your complete resource for multiple bank offers with a single loan application. Homejourney, Singapore's trusted platform, lets you submit once via Singpass and receive competing bids from DBS, OCBC, UOB, HSBC, and more—without visiting branches or sharing documents repeatedly.[1][2][4]
Key benefits include real-time rate comparisons, TDSR eligibility checks, and broker negotiations for better terms. First-time HDB buyers in Punggol or Tengah investors can save up to S$50,000 in interest. All data is verified, ensuring a safe environment aligned with our user-first values.[1][4]
Why Get Multiple Bank Offers with a Single Application?
Traditional loan shopping involves multiple applications, credit checks, and paperwork—wasting time and potentially harming your credit score. Homejourney's system submits one secure application, letting banks compete for your business.[4]
In 2026, with SORA rates fluctuating around 3.0-3.5%, a 0.2% rate difference on a S$1 million loan saves S$40,000 over 25 years. Our platform shows side-by-side comparisons, highlighting the best loan offer based on your profile.[1]
Singapore Market Context
Under MAS TDSR rules, loans cap at 55% of gross income for private properties (MSR 30% for HDB). Investors face stricter LTV limits. Homejourney's tool auto-calculates these, matching properties via property search.[1][4]
- Time Savings: 24-48 hours for all offers vs. weeks per bank.
- Better Rates: Banks bid competitively; users report 0.1-0.3% improvements.
- Safety: Singpass integration verifies identity, reducing scam risks.[2]
How Homejourney's Single Application Works
Visit https://www.homejourney.sg/bank-rates to start. Input basics anonymously for comparisons, then use Singpass for full application. Docs like NRIC, payslips, and Option to Purchase auto-fill.[4]
Homejourney Mortgage Brokers review offers, negotiating spreads. Track everything in-app with alerts. Post-approval, link to property search or book Aircon Services ">aircon services for your new home.[1]
Insider Tip for HDB Upgraders
For resale HDB in mature estates like Toa Payoh (avg S$600k), apply 2 weeks pre-OTP expiry. Homejourney flags MSR-compliant options instantly.[4]
Singapore Home Loan Basics
Loans peg to SORA (Singapore Overnight Rate Average), fixed, or board rates. SORA replaced SOR in 2024; current 3M SORA ~3.2%.[1]
LTV: 75-90% for HDB, 55-75% private. Tenure up to age 65 or 30 years. Use our mortgage calculator for simulations.[4]
| Loan Type | Best For | Avg Rate (2026) |
|---|---|---|
| SORA Pledged | Low risk, floating | SORA + 0.7% (~3.9%) |
| Fixed | Rate certainty 2-3 yrs | 3.8-4.2% |
| Board (FDMR) | Promo periods | 2.5-3.5% initial |
Detailed Bank Comparisons
Compare bank offers from Homejourney partners. Rates effective Feb 2026; verify live at bank-rates.[1][4]
DBS Bank
Market leader with 40% share. Offers SORA Pledged (SORA+0.65%), 2-yr fixed at 3.75%. Strong for HDB; quick digital approvals. Pros: App integration. Cons: Higher fees post-lock-in.[4]
OCBC Bank
Competitive SORA+0.60%, 3-yr fixed 3.80%. Best for investors; flexible refinancing. Unique: Refinance cashback up to S$2,000 via Homejourney.[1]
UOB Bank
SORA+0.70%, board rates from 2.8%. Excellent customer service; ideal for first-timers. Processing: 1-3 days.[4]
Other banks: HSBC (expat-friendly, SORA+0.75%), Standard Chartered (global transfers), Maybank/CIMB (promo rates ~3.5%), RHB/Public/Hong Leong/Citibank (niche for foreigners/investors).[1]
| Bank | SORA Spread | Lock-in | Best For |
|---|---|---|---|
| DBS | +0.65% | 2-3 yrs | HDB |
| OCBC | +0.60% | 3 yrs | Investors |
| UOB | +0.70% | 2 yrs | First-timers |
Step-by-Step Application Process
- Compare: Use 如何使用Homejourney比较银行利率：2026新加坡房贷指南 ">Homejourney comparison.[4]
- Calculate: Eligibility via calculator.
- Apply: Singpass login, one form for all banks. See Step-by-Step SingPass Loan Application Guide | Homejourney ">Singpass guide.[3]
- Receive Offers: 24-48 hrs; brokers negotiate.
- Accept & Search: Link to properties.[1]
Interest Rate Trends in Singapore
SORA is the key benchmark, averaging 3.2% in early 2026. Fixed rates suit stability; floating for potential drops.
The chart below shows recent interest rate trends in Singapore:
As seen, SORA peaked at 3.5% Q4 2025, now stabilizing. Time fixed locks when rates dip. Track live on Homejourney.[1][4]
Refinancing with Multiple Bank Offers
Refinance if rates drop 0.5% below current. Costs: 1-1.5% penalty. Homejourney simplifies: One app gets new bids. Example: S$800k loan at 4.2% to 3.7% saves S$25k.[4]
For condos in Orchard, compare via Projects Directory ">projects. Post-refi, maintain with Aircon Services ">aircon services.[1]
FAQ: Multiple Bank Offers & Home Loans
What is a single loan application for multiple banks?
Homejourney submits your details once via Singpass to 11 banks, receiving competing offers without multiple credit checks.[4]
How long to get multiple bank offers?
24-48 hours typically; full approval 3-7 days.[1]
Is Singpass required for comparisons?
No for browsing; yes for applications to auto-fill securely. See 使用Singpass申请房贷完整指南：Homejourney 2026权威手册 ">guide.[3]
Best bank for HDB loans?
DBS/OCBC often lead; compare live on Homejourney for your profile.[4]
Can investors use this service?
Yes, TDSR-adjusted for multiples. Link to investment search.[1]
What documents are needed?
NRIC, income proof, OTP. Singpass pulls most.[4]
Are rates guaranteed?
Offers lock 1-2 weeks; real-time updates on platform.[1]
Free service?
Yes, no fees; brokers earn from banks.[2]
Next Steps: Secure Your Best Loan Offer with Homejourney
Start at https://www.homejourney.sg/bank-rates: compare, calculate, apply. Our verified tools ensure transparency and safety. Read Multi-Bank Loan Apps in One Click: Top Benefits for SG Buyers | Homejourney ">multi-bank benefits or Homejourney房贷计算器使用指南：新加坡买家步步详解 ">calculator guide. Homejourney prioritizes your journey—feedback drives improvements.[1][2]
Disclaimer: Not financial advice; consult professionals. Rates as of Feb 2026; subject to change.[1]
