How to Use Homejourney Bank Rate Comparison in 2026

Using Homejourney Bank Rate Comparison takes just minutes to compare real-time home loan rates from DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong Bank, and Citibank—all in one secure platform designed for Singapore property buyers.

Visit https://www.homejourney.sg/bank-rates to start comparing rates, calculate eligibility, and submit multi-bank applications with Singpass for faster mortgage approval. This cluster article dives into actionable steps, connecting to our pillar guide on Singapore home loans for comprehensive coverage.

Why Homejourney Bank Rate Comparison Stands Out for Singapore Buyers

Homejourney prioritizes user safety and trust by verifying all data and partner banks, ensuring transparent comparisons without hidden fees or outdated rates. Unlike traditional methods, our tool shows live SORA-based rates, fixed deposits, and board rates across all major lenders.

For first-time HDB buyers or investors eyeing condos in areas like Punggol or Orchard, this feature helps navigate TDSR limits (55% for HDB loans, 60% for bank loans) while factoring in CPF usage. Real users report saving up to 0.5% on rates by letting banks compete via one application.

Our platform integrates with official MAS guidelines and HDB resale rules, providing insider tips like timing applications before SORA peaks. Link to our full pillar on Singapore Home Loans Guide for deeper insights.

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

Follow these actionable steps to master the tool and secure the best rates.

1. Access the Tool: Go to https://www.homejourney.sg/bank-rates. No sign-up needed for initial comparison—rates update in real-time from bank sources.
2. Enter Your Details: Input property price (e.g., S$800,000 for a 4-room HDB in Sengkang), downpayment (5-25% per HDB/URA rules), loan tenure (up to 30 years or age 65), and income. Our calculator auto-applies TDSR.
3. Compare Rates Instantly: View side-by-side tables for SORA PEAK (3M/6M), fixed, and hybrid packages. Example: DBS at SORA + 0.7% vs OCBC at SORA + 0.6% for first 2 years.
4. Filter by Needs: Sort by lowest effective rate, shortest lock-in (1-3 years typical), or no penalties for resale within ABSD timelines.
5. Calculate Affordability: Use the built-in tool at https://www.homejourney.sg/bank-rates#calculator to see monthly payments (e.g., S$3,500 for S$600,000 loan at 3.5% over 25 years).

Pro tip: Check during off-peak hours (e.g., post-6 PM) for promotional rates from banks like UOB or HSBC targeting HDB upgraders.

Singpass vs Traditional Loan: Why Digital Wins for Faster Approval

Singpass integration on Homejourney auto-fills your NRIC, income, CPF, and employment via MyInfo—cutting application time from days to minutes. Traditional paper applications require bank visits, manual docs, and 3-7 day waits per lender.

Digital vs paper: Online loan applications via Homejourney achieve 80% faster mortgage approval (24-48 hours for pre-approvals). Singpass advantages include error-free data (no rejections from mismatches) and multi-bank submission—get DBS, OCBC, UOB offers simultaneously. Read more in Singpass vs Traditional Loan.

Understanding Current Rates and SORA Trends

As of January 2026, 3M SORA averages 3.2%, with bank spreads of 0.5-1.0% for new loans. Fixed rates start at 3.0% for 2-3 years (e.g., Maybank), while floating SORA packages from Citibank offer flexibility post-lock-in.

The chart below shows recent interest rate trends in Singapore:

SORA has stabilized post-2025 hikes, but expect minor fluctuations per MAS projections. Homejourney tracks live rates—compare to market averages (e.g., HSBC at 0.1% below average for investors).

Apply to Multiple Banks with One Click: Homejourney's Edge

After comparing, hit "Apply Now" to send one form to all 11 partner banks. Receive competing offers: e.g., Standard Chartered's 2-year fixed at 2.9% vs CIMB's SORA + 0.55%. Track via dashboard—no emails needed.

For refinancing (e.g., from board rates amid falling SORA), this saves S$10,000+ over 10 years on a S$1M condo loan. Connect with Homejourney Mortgage Brokers for personalized advice, all while prioritizing safety through verified processes. See One-Click Multi-Bank Benefits.

Bank Highlights: Quick Comparison Guide

• DBS/POSE: Best for HDB (SORA + 0.65%, 2-yr lock-in). Pros: Fast processing; Cons: Higher penalties.
• OCBC: Investor favorite (fixed 2.88% intro). Great for condos in Projects .
• UOB: Refinance leader (no fees first year). Pairs with Property Search .
• HSBC/Standard Chartered: Low spreads for expats (SORA + 0.5%).
• Maybank/CIMB/RHB: Competitive promos for BTO (under 3%).

Always verify latest at Homejourney Bank Rates. Disclaimer: Rates subject to change; consult professionals for advice. Homejourney verifies data from MAS/HDB sources for trustworthiness.

Tips for HDB Upgraders and Investors

For resale HDB in Yishun (avg S$500k), prioritize 1% downpayment options. Investors: Use our tool pre-Straits Times Housing News data drops for timing. Post-approval, search properties at https://www.homejourney.sg/search or maintain with Aircon Services .

FAQ: How to Use Homejourney Bank Rate Comparison

Q: How accurate are Homejourney's rates?
A: Updated real-time from banks, verified per MAS standards—more reliable than manual checks.

Q: Can I use Singpass for all banks?
A: Yes, auto-fills for all 11 partners, speeding up faster mortgage approval by 80%.

Q: What's the difference between digital vs paper application?
A: Digital via Homejourney: Instant, multi-bank; Paper: Slow, single-bank. See Singpass advantages.

Q: Free to use?
A: Yes, no fees—earn by getting best offers.

Q: Best for refinancing?
A: Absolutely; compare lock-ins and save thousands.

Ready to compare? Visit https://www.homejourney.sg/bank-rates now for How to Use Homejourney Bank Rate Comparison. Explore our pillar on Singapore mortgages for more. Homejourney: Safe, trusted, your complete home journey.