Get Multiple Bank Offers with One Application: Homejourney Guide
Homejourney revolutionizes Singapore home financing by enabling you to get multiple bank offers with a single application. This definitive guide explains how our platform compares rates from DBS, OCBC, UOB, HSBC and more, submits one form to all major banks, and delivers the best loan offers—prioritizing your safety and trust every step.[1][2]
In Singapore's competitive property market, securing the best loan offer saves thousands over your loan tenure. Homejourney's mortgage comparison service uses Singpass for instant applications, real-time SORA tracking, and verified bank data to simplify your journey.[1][3]
Table of Contents
- Why Get Multiple Bank Offers?
- How Homejourney's Single Application Works
- Understanding Singapore Home Loans & Rates
- Detailed Bank Comparisons
- Step-by-Step Application Guide
- Eligibility, TDSR & Calculations
- Refinancing with Multiple Offers
- FAQ
Why Get Multiple Bank Offers with a Single Application?
Traditional loan shopping means visiting branches or submitting separate forms to each bank, wasting time and risking data errors. Homejourney changes this: one secure application reaches all partner banks like DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong, and Citibank.[1][2]
Buyers who compare multiple bank offers secure rates 0.2-0.5% lower on average, per MAS data, equating to S$50,000+ savings on a S$1M loan over 25 years. Our platform verifies all data, ensuring a safe environment amid rising scams.[4]
Insider tip: In 2026's volatile SORA environment (peaking at 3.2% in Q1), timing matters. Homejourney's real-time alerts notify you when rates drop across banks.[1]
Key Benefits of Homejourney's Approach
- Time Savings: One form vs. 10+ applications—process in minutes via Singpass.
- Better Rates: Banks compete, offering their best deals directly.
- Safety First: Verified partners only; no sharing data with untrusted sources.[4]
- Transparency: See all offers side-by-side with no hidden fees.
- Expert Support: Connect to Homejourney Mortgage Brokers for free guidance.
How Homejourney's Single Loan Application Delivers Multiple Offers
Homejourney's bank-rates page is your hub. Enter details once—Singpass auto-fills income, CPF, debts. We securely submit to all major banks, who respond with personalized offers within 24-48 hours.[1][2]
No more branch queues or repeated paperwork. Track everything in-app, with AI chatbot Homie answering queries instantly.[3][4]
Related: Learn more in our How to Use Homejourney Bank Rate Comparison: 2026 Guide ">How to Use Homejourney Bank Rate Comparison: 2026 Guide and Benefits of Multi-Bank Application in One Click | Homejourney ">Benefits of Multi-Bank Application in One Click.[1]
Understanding Singapore Home Loans & Current Rates (2026)
Singapore loans tie to SORA (Singapore Overnight Rate Average), replacing SOR/SIBOR fully by 2025 per MAS. 3M SORA averaged 2.95% in Feb 2026; expect 2.8-3.1% through year-end amid global easing.
Loan types: Fixed (1-5yr stability), Variable (SORA PWP + spread 0.5-1.5%), HDB-specific (CPF-linked). TDSR caps payments at 55% income; MSR at 30% for HDB.[1]
The chart below shows recent interest rate trends in Singapore:
As seen, SORA dipped 0.15% post-Jan Fed cut, favoring floating rates now. Use Homejourney's mortgage calculator to model scenarios.[1][3]
2026 Average Rates Table
| Loan Type | Avg Effective Rate | Lock-in | Best For |
|---|---|---|---|
| 1-2yr Fixed | 3.05% | 1-2yrs | Short-term stability |
| SORA Variable | 2.95% (PWP+0.8%) | 2-3yrs | Long-term savers |
| HDB Loan | 2.6% peg | N/A | Risk-averse HDB buyers |
Rates as of Feb 2026; check Homejourney for live updates. Disclaimer: Rates fluctuate; not financial advice. Consult professionals.[1]
Comparing Top Banks: Products, Rates & Who Wins
Homejourney aggregates offers from 11 banks. Here's a breakdown based on 2026 data—compare instantly on our platform.
DBS Bank
Market leader with 40% share. Offers IRS Fixed, SORA Flexi. Current: 2.98% 3M SORA+0.7%. Pros: Fast approval (24h), top digital app. Cons: Higher fees post-lock-in. Best for: Digital-savvy buyers.[1]
OCBC Bank
Strong in refinancing. 360 Account perks cut spreads to 0.5%. Rate: 2.92%. Pros: Rewards integration. Cons: Strict eligibility. Best for: Existing customers.[1]
UOB Bank
HomeSmart Loan: 2.95% fixed 2yr. Pros: Flexible redraws. Cons: Longer processing. Best for: Families.[1]
Others: HSBC (expats, 3.0%), StanChart (global transfers), Maybank/CIMB (competitive variables 2.88-2.98%). Full comparison on Homejourney bank-rates.[1][2]
Quick Bank Comparison Table (Feb 2026)
| Bank | Best Rate | Processing Time | Unique Perk |
|---|---|---|---|
| DBS | 2.98% | 24h | Singpass instant |
| OCBC | 2.92% | 48h | Cash rewards |
| UOB | 2.95% | 3 days | Redraw facility |
| HSBC | 3.00% | 2 days | Expat perks |
Step-by-Step: Apply Once, Get Offers from All Banks
- Visit Homejourney bank-rates: See live comparisons.[1]
- Calculate Eligibility: Use our TDSR tool—input income (e.g., S$8k/month affords S$1.2M).[3]
- Submit Single App: Singpass login, auto-fill docs. Takes 2 mins.
- Receive Offers: Banks bid; pick best (e.g., lowest rate + perks).
- Lock In: E-sign with broker support. Related: Step by Step Singpass Loan Application Guide | Homejourney ">Step-by-Step Singpass Guide.[1]
Documents needed: NRIC, income slips (3 months), CPF statements. Approval: 1-3 days. Insider: Apply pre-OTP for fastest pre-approval.[4]
Eligibility, TDSR & Borrowing Power Tips
TDSR: Total debt ≤55% gross income. Example: S$10k income, S$2k debts → max S$3.3k loan payment. Use our calculator: S$1M loan, 2.95%, 25yr = S$4,750/month.[1][3]
HDB: MSR 30%, LTV 75-90%. Private: LTV 55-75%. Boost eligibility: Pay debts, use CPF OA.[1]
Pro Tip: First-timers, pair with property search to match budget to listings in Tampines or Orchard.[1]
Refinancing: Get New Multiple Offers Easily
Refi if rates drop 0.5%+ or 6 months post-lock-in. Costs: 1.5% penalty max. Homejourney simplifies: Same single app process. Check if worth it via our tool—save S$20k+ on S$800k loan.[1]
Related: Best Bank Refinancing Rates Comparison 2026 | Homejourney ">Best Bank Refinancing Rates 2026 and How to Calculate If Refinancing is Worth It: Homejourney Guide ">Refinancing Calculator Guide.[1]
FAQ: Multiple Bank Offers & Home Loans in Singapore
What is a single loan application on Homejourney?
Submit once via bank-rates; we forward to all banks for competing offers. Safe, Singpass-secured.[1][2]
How long to get multiple bank offers?
24-72 hours. DBS/OCBC often fastest.[1]
Is it free to compare bank offers on Homejourney?
Yes, no fees. Monetized via verified partners only.[1][4]
Can HDB buyers get multiple bank offers?
Yes, compare bank vs HDB loans. Eligibility checked instantly.[1]
What if I want to refinance?
Same process. See savings calculator on site.[1]
Is my data safe with Homejourney?
Verified platform, Singpass integration, no scams—user safety first.[3][4]
Ready? Start at Homejourney bank-rates, find properties via search, and enjoy post-purchase services like Aircon Services ">aircon servicing. Homejourney ensures a trusted journey.[1]
