How to Use Homejourney Bank Rate Comparison: 2026 Guide
Homejourney Bank Rate Comparison lets you instantly compare home loan rates from all major Singapore banks like DBS, OCBC, UOB, HSBC, and more in one secure platform, helping you secure the best mortgage offer while banks compete for your business.
This cluster guide provides step-by-step instructions on using this feature, building on our pillar content "Ultimate Singapore Home Loan Guide 2026". At Homejourney, we prioritize your safety with verified data and Singpass integration for transparent, scam-free financing.[1][2]
Why Use Homejourney Bank Rate Comparison?
In Singapore's competitive property market, home loan rates fluctuate with SORA benchmarks set by the Monetary Authority of Singapore (MAS). Traditional methods like visiting bank branches or websites waste time and miss hidden fees. Homejourney aggregates real-time rates from partners including DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong, and Citibank.[1]
Key benefits include multi-bank applications via one form, eligibility calculators, and Singpass auto-fill for faster approvals. This empowers first-time HDB buyers, upgraders, and investors to negotiate mortgage rates effectively while staying within TDSR limits (60% of gross income).[4]
Our platform verifies all data, aligning with HDB and MAS regulations, so you make confident decisions without risks.[2]
Step-by-Step: How to Use Homejourney Bank Rate Comparison
Access the tool at https://www.homejourney.sg/bank-rates. Follow these actionable steps:
- Enter Your Details Securely: Use Singpass for instant login. Input income, CPF balance, age, and property price. Our TDSR calculator shows borrowing power instantly.[1][3]
- Compare Rates Side-by-Side: View SORA-based, fixed, and board rates. For example, DBS offers 3.5% p.a. effective for 2-year fixed (as of Jan 2026), OCBC at 3.4%, UOB at 3.45%.[4]
- Filter by Needs: Sort by lowest rate, shortest lock-in (1-3 years typical), or no penalties. See pros/cons like DBS's flexible refinancing vs. HSBC's expatriate perks.
- Submit Multi-Bank Application: One click sends your profile to all banks. Receive multiple bank offers within 24-48 hours.[4]
- Track and Negotiate: Use our dashboard to compare offers. Leverage competing bids to get lower rates—users report 0.2-0.5% savings.[2]
Pro tip: Time applications when 3M SORA dips below 3% for optimal fixed rates, per MAS data.
Understanding Key Loan Terms on Homejourney
SORA (Singapore Overnight Rate Average) replaced SOR in 2024; most loans peg to 3M compounded SORA + spread (0.5-1%). Fixed rates suit risk-averse buyers, while floating offers flexibility post-lock-in.
Homejourney displays effective rates including fees. Example: For a S$800,000 HDB loan at 55% LTV, monthly repayment is ~S$4,000 at 3.5% over 25 years. Use our mortgage calculator for personalized math.[1]
The chart below shows recent interest rate trends in Singapore:
SORA has stabilized at ~3.2% in late 2025, per MAS, signaling steady refinancing opportunities. Compare banks: UOB excels for HDB loans with low penalties; Standard Chartered for high-value condos.[4]
Banks Competing for Your Home Loan on Homejourney
Let banks compete home loan offers via our platform. DBS leads with digital approvals; OCBC offers cashback up to S$5,000; HSBC suits investors with portfolio tools.
- DBS: Market leader, 3.3% SORA+0.7%, best for first-timers. Fast Singpass processing.[1]
- OCBC: Flexible refinancing, 3.2% promo rates, ideal for upgraders.
- UOB: HDB specialist, low fees, strong customer service.
- HSBC/Standard Chartered: Competitive for private properties, global support.
- Maybank/CIMB: Niche promos for foreigners/PRs.
Read more in How to Get Banks to Compete for Your Home Loan.[4]
Tips to Negotiate Mortgage Rate & Get Lower Rate
To negotiate mortgage rate:
- Apply via Homejourney for multiple bank offers—banks bid lower to win.
- Highlight strong credit (CTOS score >700) and low debt ratios.
- Refinance post-lock-in if SORA drops; our tool flags optimal times.
- Bundle with bank services (e.g., OCBC insurance) for rebates.
Disclaimer: Rates change daily; consult Homejourney Mortgage Brokers for advice. Not financial advice—verify with MAS/HDB.[2]
Link to properties in budget via property search. For post-purchase, check aircon services.
FAQ: How to Use Homejourney Bank Rate Comparison
How accurate are Homejourney's bank rates?
Updated real-time from bank APIs, verified daily per MAS standards. Always cross-check offers received.[1][4]
Can I apply to all banks at once?
Yes, one Singpass-enabled form reaches 11+ partners. See Benefits of Multi-Bank Application.[3]
Is it free and safe?
Fully free, Singpass-secured. Homejourney verifies all data for scam protection.[2]
How to calculate eligibility?
Use our tool at https://www.homejourney.sg/bank-rates#calculator. Details in Mortgage Calculator Guide.[1]
Best for refinancing?
Yes, compare current vs. new rates easily. Track SORA live.[4]
Master Homejourney Bank Rate Comparison today for the best mortgage offer. Start at https://www.homejourney.sg/bank-rates and connect with our brokers. For full details, read our pillar "Ultimate Singapore Home Loan Guide 2026". Your safe home journey starts here with Homejourney.
