How to Use Homejourney Bank Rate Comparison in 2026

Homejourney Bank Rate Comparison lets you instantly compare home loan rates from DBS, OCBC, UOB, HSBC, Standard Chartered, and 10+ major Singapore banks on one secure platform.

Access it at https://www.homejourney.sg/bank-rates to find the lowest rates, calculate eligibility, and apply via Singpass for faster mortgage approval without paperwork. This cluster guide builds on our pillar "Ultimate Singapore Home Loan Guide 2026" by providing step-by-step instructions for using this tool safely and effectively.[1][2]

Why Use Homejourney for Bank Rate Comparison?

Homejourney prioritizes user safety with Singpass-verified data and real-time rates from official bank sources, ensuring transparency in Singapore's competitive mortgage market.

As of December 2025, SORA rates hover around 3.0-3.2% for 3-month compounds, making fixed-rate options from banks like DBS and OCBC attractive for first-time HDB buyers under MSR limits.[1]

Unlike traditional methods, Homejourney's tool shows effective rates including spreads, lock-in periods, and penalties, helping you avoid hidden costs. For example, compare DBS's 3.5% fixed rate vs UOB's SORA + 0.7% floating rate side-by-side.

Step-by-Step: How to Use Homejourney Bank Rate Comparison

Follow these actionable steps to master the tool and secure the best loan for your HDB upgrade or private condo purchase.

Visit the Bank Rates Page: Go to https://www.homejourney.sg/bank-rates. No login required for initial comparison.
Enter Your Details: Input purchase price (e.g., S$500,000 HDB flat), downpayment (5-25% per HDB rules), loan tenure (up to 30 years), and income for TDSR check.
Compare Rates Instantly: View tables for DBS (SORA Pibor +0.6%, 2-yr lock-in), OCBC (fixed 3.2%, no penalty after 1yr), UOB (board -1.75%), HSBC, Maybank, CIMB, and more.
Use the Eligibility Calculator: Link to https://www.homejourney.sg/bank-rates#calculator for MSR/TDSR limits. E.g., S$10,000 monthly income qualifies for ~S$1.2M loan.
Apply via Singpass: One-click multi-bank submission auto-fills with MyInfo for online loan application – get offers from all banks competing for you.

This process takes under 5 minutes, versus weeks for branch visits.[1][2]

Singpass vs Traditional Loan: Key Advantages

Singpass advantages include auto-filling NRIC, income, CPF details from MyInfo, enabling digital vs paper application with 24-48 hour pre-approvals versus 2-4 weeks traditionally.

For HDB buyers at Toa Payoh or private property seekers in Orchard, Singpass cuts errors by 90% and speeds up faster mortgage approval. Read more in our guide: Singpass vs Traditional Loan: Which is Better for Singapore Homes? | Homejourney .

Traditional loans require physical documents like payslips and IRAS forms, risking delays during peak BTO launches.

Understanding Current Rates and Trends

SORA (Singapore Overnight Rate Average) is the MAS-recommended benchmark, with 3M SORA at ~3.05% (Dec 2025). Banks peg loans to 3M/6M SORA + spread (0.5-1.0%). Fixed rates from Citibank or Standard Chartered offer stability amid rate volatility.

The chart below shows recent interest rate trends in Singapore:

SORA has stabilized post-2024 hikes, favoring refinancing for existing loans above 3.5%. Compare via Homejourney: DBS lowest for HDB (2.98% effective), OCBC best for investors (SORA+0.55%).[1]

Multi-Bank Application: Let Banks Compete

Submit once on Homejourney, receive personalized offers from DBS, UOB, HSBC, etc. This leverages competition – e.g., one user saved 0.2% (S$20K over 25 years) on a S$800K loan.

Best for upgraders from 4-room HDB (S$400K value) to executive condos. Connect with Homejourney Mortgage Brokers for free guidance. See benefits: Homejourney: Benefits of Multi-Bank Application in One Click .

Pro Tips for Singapore Buyers

Check Bank Rates ">Bank Rates weekly for updates; pair with property search to match budgets.
For refinancing, use our calculator post-TDSR changes (60% debt cap).How to Use Homejourney Mortgage Calculator: TDSR & MSR Guide
HDB owners: Verify MSR (30% income) before applying; private properties under ABSD rules.
Insider tip: Time applications post-SORA reset (end-month) for lowest quotes.
Post-purchase, book aircon services via Aircon Services ">Aircon Services .

Disclaimer: Rates fluctuate; consult Homejourney brokers or MAS for personalized advice. Homejourney verifies data but is not a financial advisor.

FAQ

How do I use Homejourney Bank Rate Comparison?
Visit https://www.homejourney.sg/bank-rates, input details, compare 10+ banks, and apply via Singpass.[1]

Singpass vs traditional loan: Which is faster?
Singpass offers digital applications with auto-fill, achieving faster mortgage approval in days vs weeks.[2]

What are current best rates on Homejourney?
DBS: SORA+0.6%; OCBC fixed 3.2%. Real-time updates shown on platform.[1]

Can I apply to multiple banks at once?
Yes, Homejourney's multi-bank tool submits one form for competing offers. Details: Homejourney's Step by Step Singpass Loan Application Guide 2025

Is it safe to use Homejourney for loans?
Fully Singpass-verified, with user safety first – no scams, transparent rates.[1][2]

Start comparing now at https://www.homejourney.sg/bank-rates for the best How to Use Homejourney Bank Rate Comparison experience. For full Singapore mortgage insights, return to our pillar guide. Homejourney: Your trusted partner for safe, seamless home financing.