Homejourney: Benefits of Multi-Bank Application in One Click

The benefits of multi-bank application in one click include accessing competitive rates from DBS, OCBC, UOB, HSBC and more simultaneously, saving time, and securing the best offers without multiple submissions. Homejourney's secure platform lets you submit one application via Singpass, letting banks compete for your business while prioritizing your safety and privacy.

This cluster article dives into the tactical advantages for Singapore home buyers and investors, building on our pillar guide to Singapore Home Loans: Complete Guide. With rising SORA rates in 2026, smart financing is crucial for HDB upgraders and private property investors.

What is Multi-Bank Application in One Click?

Homejourney's multi-bank application allows you to apply to all major Singapore banks—DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong, and Citibank—with a single click using Singpass. This eliminates repetitive paperwork and hard inquiries that could hurt your credit score, unlike traditional methods where multiple applications flag as risky[5].

Powered by MyInfo integration, your details auto-fill securely, ensuring faster approvals. Banks must adhere to MAS TDSR (Total Debt Servicing Ratio) at 60%, so one smart submission maximizes your options without overextending[5].

Top Benefits of Multi-Bank Application in One Click

Here are the key advantages tailored for first-time HDB buyers in areas like Punggol or Toa Payoh, and investors eyeing condos in Orchard or Tanjong Pagar.

• Better Rates and Negotiation Power: Banks compete directly, often offering preferential SORA spreads. For a S$800,000 HDB loan, this could save S$10,000+ over 25 years compared to single-bank applications[1]. Homejourney shows live rates from partners, helping you spot deals like OCBC's 0.07% preferential rates for select clients[4].
• Time Savings: Skip visiting branches at DBS Tampines or UOB VivoCity. One click handles submissions, follow-ups, and comparisons—ideal for busy professionals[1][2].
• Access to Exclusive Packages: Brokers via Homejourney unlock non-public promotions, fixed vs. floating options, and refinancing for upgraders[1].
• Reduced Credit Impact: Single soft inquiry initially, then targeted hard checks only for top offers—safer than applying to 3+ banks separately[5].
• Customized Eligibility: Use our mortgage calculator to pre-check TDSR before applying.

Track SORA Rates with Homejourney's Tools

SORA (Singapore Overnight Rate Average) is the MAS benchmark replacing SOR, with 3M SORA at ~3.0% and 6M SORA at ~3.1% as of Jan 2026. Monitor interest rates via our SORA rate tracker for live 3M SORA and 6M SORA tracking, plus rate alerts for drops.

The chart below shows recent interest rate trends in Singapore:

As seen in the chart, SORA has stabilized post-2025 peaks, but volatility persists. Set rate alerts on Homejourney to time your multi-bank application perfectly. Check our SORA Rate Tracker guide for details.

How Homejourney Makes It Safe and Simple

Homejourney prioritizes user safety with Singpass verification, end-to-end encryption, and no data sharing without consent. Here's a step-by-step process:

1. Compare Rates: Visit bank-rates to view DBS (3M SORA + 0.5%), OCBC (fixed 2.8% 2-year), UOB, and others instantly.
2. Calculate Eligibility: Input income (e.g., S$8,000/month household) for borrowing power up to S$1.2M under TDSR.
3. One-Click Apply: Singpass login auto-fills NRIC, income, CPF. Submit to 10+ banks.
4. Receive Offers: Banks bid within 24-48 hours; pick the best (e.g., HSBC for expats, Maybank for investors).
5. Connect with Brokers: Our mortgage brokers guide HDB resale or BTO financing.

For refinancing, compare current board rates (e.g., DBS 3.5%) against new SORA packages. Always consult professionals; rates fluctuate per MAS guidelines.

Real Singapore Examples

A Punggol HDB upgrader saved 0.2% on a S$1M loan by letting DBS and UOB compete via Homejourney, dropping monthly payments from S$4,500 to S$4,300. An investor in River Valley condo refinanced with CIMB's promo rate, unlocking equity for a second property. These insider wins come from verified user feedback, proving our commitment to transparency.

Disclaimer: Homejourney provides tools for informed decisions, not financial advice. Rates as of Jan 2026; verify with banks and MAS for latest. Eligible for Singapore citizens/PRs per HDB/URA rules.

FAQ

What are the benefits of multi-bank application in one click?
Key benefits include time savings, better rates, exclusive deals, and minimal credit impact. Homejourney streamlines this securely for all major banks.

How does Homejourney's SORA rate tracker work?
Track live SORA rates, set rate alerts, and monitor 3M SORA/6M SORA trends. Perfect for timing loans amid 2026 fluctuations.

Is multi-bank application safe for my credit score?
Yes, Homejourney uses initial soft checks; only winners do hard inquiries, unlike scattered applications[5].

Which banks can I apply to via Homejourney?
DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong, Citibank—all in one go.

Can I use it for HDB resale financing?
Absolutely; calculate eligibility and apply seamlessly for Toa Payoh or Yishun resales within HDB loan limits.

Ready to unlock the best rates? Start with Homejourney bank-rates, compare via our comparison guide, or read our Singpass application guide. Find properties at property search and maintain with aircon services. Trust Homejourney for safe, verified property journeys.

References

1. Singapore Property Market Analysis 5 (2026)
2. Singapore Property Market Analysis 1 (2026)
3. Singapore Property Market Analysis 4 (2026)
4. Singapore Property Market Analysis 2 (2026)