How to Use Homejourney Bank Rate Comparison: 2026 Guide
Homejourney Bank Rate Comparison lets you instantly compare home loan rates from DBS, OCBC, UOB, HSBC, Standard Chartered, and more major Singapore banks in one secure platform.[1][2]
This tool simplifies knowing your budget and pre-purchase eligibility by showing real-time SORA-pegged rates, fixed options, lock-in periods, and fees side-by-side, helping first-time HDB buyers in Toa Payoh or private property investors in Orchard secure the best deals safely.[1][3]
Why Use Homejourney Bank Rate Comparison for Singapore Home Loans
In Singapore's competitive property market, regulated by the Monetary Authority of Singapore (MAS) and HDB guidelines, fluctuating SORA rates make loan shopping essential. Homejourney aggregates verified rates from partner banks like DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong, and Citibank, updated in real-time.[1][2]
Unlike visiting branches, our platform prioritizes user safety with Singpass verification, reducing scam risks and errors by 90% for HDB upgraders or refinancers.[3][5] This connects directly to our pillar guide on Singapore Home Buying: Complete Pillar Guide, where mortgage planning is a key step.
Insider tip: For HDB flats under the 30% Total Debt Servicing Ratio (TDSR) or 55% Loan-to-Value (LTV) limits, compare SORA PEAKER loans from DBS (effective 3.5% in 2026) vs fixed from OCBC to lock in before rates rise.[1]
Step-by-Step: How to Use Homejourney Bank Rate Comparison
Follow these actionable steps to check loan eligibility and know your home buying budget before committing to a property.
- Visit the Bank Rates Page: Go to https://www.homejourney.sg/bank-rates. Scan the table for current rates from all partners—no sign-up needed initially.[1][4]
- Filter by Loan Type: Select SORA (Singapore Overnight Rate Average), fixed, or board rates. For example, UOB's 3M SORA + 0.7% spread suits short-term HDB loans.[2]
- Use the Mortgage Calculator: Input income, CPF balance, and property price at https://www.homejourney.sg/bank-rates#calculator to estimate monthly repayments and eligibility. First-time buyers often qualify for up to 4.6x monthly income.[1][3]
- Compare Key Features: Review lock-in periods (2-3 years typical), penalties (1-1.5% of loan), and minimum loans ($200K for private properties).[4]
- Apply Multi-Bank via Singpass: Submit one form—banks compete with offers. Auto-fills NRIC, income from MyInfo for 24-48 hour pre-approvals vs 2-4 weeks traditionally.[5][6]
Pro tip: HDB buyers, cross-check with How to Use Mortgage Eligibility Calculator Before Buying | Homejourney for TDSR compliance before viewing flats in Property Search .
Understanding Current Rates and SORA Trends in 2026
SORA, MAS's preferred benchmark, averaged 3.2% for 3M in late 2025, with 2026 projections at 3.0-3.5% amid global easing. Homejourney tracks live 3M/6M SORA for precise comparisons.[1]
The chart below shows recent interest rate trends in Singapore:
As seen, SORA dipped 0.2% in Q4 2025, favoring fixed-rate locks from HSBC (3.88% effective) over floating from CIMB.[2][4] Always verify with Homejourney for latest data—rates exclude fees.
Quick Bank Comparison (2026 Rates)
| Bank | Best Product | Effective Rate | Best For |
|---|---|---|---|
| DBS | SORA PEAKER | 3.5% | HDB Buyers |
| OCBC | Fixed 3Y | 3.75% | Refinancers |
| UOB | SORA +0.7% | 3.9% | Investors |
*Rates as of Jan 2026; subject to eligibility. Use How to Use Homejourney Mortgage Calculator: Step-by-Step Guide for personalized calcs.[1]
Homejourney's Unique Advantages for Safe Loan Shopping
Homejourney builds trust with verified data, Singpass security, and multi-bank applications—letting lenders bid for your business without branch queues.[3][5] Connect with our Mortgage Brokers post-comparison for tailored advice.
- Real-time updates from all partners, no outdated info.
- Eligibility checks match budgets to properties in Property Search .
- Refinancing simplified: See savings instantly, e.g., $200/month on $1M loan.[4]
- Post-purchase: Link to Aircon Services for home setup.
Disclaimer: This is educational; consult professionals for advice. Rates per MAS/HDB rules; eligibility varies by credit, age (max loan tenure 75 minus age).[1]
FAQ: How to Use Homejourney Bank Rate Comparison
How accurate are Homejourney rates? Rates are real-time from banks, verified daily for transparency.[1][2]
Can I use it for HDB vs private property? Yes, filters show HDB-specific loans under CPF Housing Grants limits.[3]
What's Singpass multi-bank application? One-click submits to all banks; see Step by Step Singpass Loan Application Guide | Homejourney .[5][6]
How to know my budget before buying? Use the mortgage calculator for pre-purchase eligibility based on income/expenses.[1]
Best for refinancing? Compare current vs new rates; learn benefits in Homejourney: Benefits of Multi-Bank Application in One Click .[4]
Ready to master How to Use Homejourney Bank Rate Comparison? Start at https://www.homejourney.sg/bank-rates, calculate your eligibility, and find budget-friendly homes in Projects Directory . For full guidance, return to our Singapore Home Buying Pillar Guide.
