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, and more major Singapore banks in one secure platform, enabling no queue mortgage applications via Singpass for faster approvals.

This cluster guide provides step-by-step instructions on using this tool, perfect for first-time HDB buyers in Toa Payoh or condo investors in Orchard. It builds on our pillar content, Complete Singapore Home Loan Guide, by focusing on tactical comparison and online home loan applications.

Why Use Homejourney Bank Rate Comparison?

In Singapore's competitive property market, securing the best mortgage rate can save thousands over a 25-30 year loan tenure. Homejourney verifies rates in real-time from partners like DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, and others, ensuring transparency and user safety.

Unlike traditional bank visits, Homejourney's tool supports digital bank application with Singpass MyInfo, auto-filling your NRIC, income, and CPF details for 24-48 hour pre-approvals—90% fewer errors than paper forms. This aligns with MAS guidelines for secure digital lending.

For HDB upgraders or private property seekers, compare SORA-based loans (current 3M SORA at ~3.0% in 2026) against fixed rates, all while calculating TDSR compliance instantly.

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

Access the tool at https://www.homejourney.sg/bank-rates. Here's your actionable guide:

1. Enter Your Details: Input property price (e.g., $800,000 HDB in Sengkang), downpayment (5-25% per HDB/URA rules), loan tenure (up to 30 years), and income. Use our mortgage calculator first for eligibility.
2. Compare Rates Instantly: View side-by-side effective interest rates (EIR), lock-in periods (1-5 years), and fees from 11 banks. Filter by SORA PEAKER (e.g., DBS 0.5% spread), fixed, or board rates.
3. Track SORA Trends: Monitor live 3M/6M SORA. The chart below shows recent interest rate trends in Singapore:

As seen in the chart, SORA peaked at 3.2% mid-2025 but stabilized, favoring variable rate loans now.

4. Apply Online: Select top 3 packages and submit one convenient loan application via Singpass. Banks compete, sending personalized offers.
5. Get Pre-Approval: Receive IP disclosure within 24 hours, valid 30 days for property hunts on https://www.homejourney.sg/search.

Pro tip: For Toa Payoh HDB resale ($600k-$900k), prioritize low-penalty 2-year lock-ins from OCBC or UOB.

Key Bank Comparisons on Homejourney

Homejourney aggregates 2026 rates (verified daily per MAS standards). Example for $1M condo loan:

• DBS: SORA PEAKER +0.45% (EIR ~3.45%), 2yr lock-in $2k penalty. Best for HDB flats.
• OCBC: Fixed 3.0% first 3yrs, then SORA+0.6%. Ideal for stability.
• UOB: SORA+0.5%, no fees for first-time buyers. Great for investors.
• HSBC/Standard Chartered: Competitive for expats, 3yr fixed ~3.1%.
• Maybank/CIMB/RHB: Lower spreads for refinancing, e.g., 0.4% over SORA.

Compare all at Homejourney bank rates. Rates beat market average by 0.1-0.3% via multi-bank bidding.

Benefits of Multi-Bank Application via Homejourney

Skip branches with apply bank online. One click submits to all partners, letting banks vie for you. Read more in Homejourney: Benefits of Multi-Bank Application in One Click and Skip Branch Queues: Apply to All Banks Online via Homejourney .

Singpass integration (per HDB/MAS) ensures data security. For refinancing, check Best Bank Refinancing Rates Comparison 2026 | Homejourney . Connect with Homejourney Mortgage Brokers for personalized advice post-comparison.

Practical Tips for Singapore Buyers

First-timers: Factor CPF Housing Grants (up to $80k for SC families). Investors: Use ROI calculator alongside rates. Always verify TDSR (<60% debt-to-income).

• Time applications pre-BTO ballot for queue-free processing.
• Refinance if spread >0.6% above market (use our guide: How to Calculate If Refinancing is Worth It with Homejourney ).
• Post-purchase, maintain with Aircon Services .

Disclaimer: Rates fluctuate; consult professionals. Homejourney verifies data but is not financial advice.

FAQ: How to Use Homejourney Bank Rate Comparison

1. Is Homejourney Bank Rate Comparison free?
Use it free anytime. Applications connect you securely to banks—no fees from us.

2. How accurate are the rates?
Real-time from bank APIs, updated daily per MAS. Cross-check with Straits Times Housing News for trends.

3. Can I apply to multiple banks at once?
Yes, one digital bank application via Singpass. See Homejourney's Step-by-Step Singpass Loan Application Guide 2026 .

4. Best for HDB or condo?
Both—filter by property type for tailored packages.

5. What if rates change after pre-approval?
Lock-in offers valid 30 days. Recalculate free on Homejourney.

Ready to save? Visit https://www.homejourney.sg/bank-rates now for your convenient loan application. Explore our pillar Complete Singapore Home Loan Guide for full coverage.