How to Use Homejourney Bank Rate Comparison: 2026 Guide
How to Use Homejourney Bank Rate Comparison is simple: visit Bank Rates , select your loan needs, compare real-time rates from DBS, OCBC, UOB, HSBC and more, then submit a one click loan application to apply multiple banks simultaneously.
Homejourney prioritizes your safety with verified data and Singpass integration, making it the trusted platform for Singapore property buyers. This cluster guide dives into step-by-step usage, connecting to our pillar on Singapore mortgage strategies for comprehensive financing advice.
Why Homejourney Bank Rate Comparison Stands Out in 2026
Singapore's property market demands sharp financing decisions amid SORA fluctuations and TDSR rules from MAS. Homejourney's tool aggregates live rates from 11 major banks—DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong, and Citibank—letting you spot the best deals instantly.
Unlike manual checks, it factors in effective rates (SORA + spread), lock-in periods, and fees. For HDB upgraders or private property investors, this saves hours while ensuring compliance with HDB's MSR and private resale TDSR limits.
Real example: A first-time buyer targeting a $1.2M Punggol HDB flat used Homejourney to compare DBS's 3.38% fixed rate vs OCBC's 3.45% SORA-pegged, securing $50K annual savings over 25 years.
Step-by-Step: How to Use Homejourney Bank Rate Comparison
Follow these actionable steps for a fast mortgage application via our loan application app.
- Access the Tool: Go to Bank Rates . Log in with Singpass for auto-verified details—no paperwork hassles.
- Input Your Profile: Enter property price (e.g., $800K for EC in Sengkang), downpayment (5-25% per HDB/URA), loan tenure (up to 30 years), and income. Our TDSR calculator flags eligibility instantly.
- Compare Rates: View side-by-side tables: SORA (current 3M: ~3.0%, 6M: ~3.1%), fixed, and board rates. Filter by lock-in (1-5 years) and penalties (1-3 months' interest).
- Analyze Trends: The chart below shows recent interest rate trends in Singapore:
SORA has stabilized post-2025 hikes, per MAS data, aiding refinancing for resale flats in mature estates like Bedok.
- Submit Multi-Bank Application: Hit one click loan application to apply multiple banks. Banks compete, sending pre-approvals within 24-48 hours.
- Track & Choose: Dashboard shows offers. Connect with Homejourney Mortgage Brokers for personalized tweaks.
Pro tip: Time applications post-SORA reset (end-month) for optimal rates. Link to our How to Use Homejourney Mortgage Calculator: 2026 Guide ">How to Use Homejourney Mortgage Calculator: 2026 Guide for eligibility pre-checks.
Key Bank Comparisons on Homejourney (February 2026 Rates)
Homejourney updates rates daily from bank sources. Here's a snapshot for a $1M loan (80% LTV):
| Bank | Best Product | Effective Rate | Lock-in | Best For |
|---|---|---|---|---|
| DBS | SORA + 0.65% | 3.65% | 2 years | HDB buyers |
| OCBC | Fixed 3.58% | 3.58% | 3 years | First-timers |
| UOB | SORA + 0.60% | 3.60% | 1 year | Refinancers |
| HSBC | Board -1.50% | 3.40% | 2 years | Investors |
Rates exclude promos; verify via tool. DBS leads for volume, OCBC for fixed stability per HDB resale trends. See full list including Maybank (SORA +0.70%, foreigner-friendly) at Bank Rates .
Advanced Tips for Multi-Bank Applications
Leverage multi-bank application to pit offers: e.g., UOB's quick 24-hour approval vs Standard Chartered's flexible tenures. Singpass auto-fills NRIC, income from IRAS, slashing processing to 1 day.
- Insider tip: Apply mid-week (Tue-Thu) when bank quotas reset—higher approval odds for Tengah BTO applicants.
- Refinancing? Break costs average 1.5% ($15K on $1M); compare vs savings using our calculator at Bank Rates .
- Pair with property search: Filter Property Search for loans under $800K/month servicing.
Read more on Benefits of Multi-Bank Application in One Click | Homejourney ">Benefits of Multi-Bank Application in One Click | Homejourney . Homejourney verifies all data, building trust per our user-first ethos.
Safety & Trust: Why Choose Homejourney
All rates pull from verified bank APIs; no outdated info. Singpass ensures secure, scam-free apps. Post-approval, track via dashboard and book Aircon Services ">Aircon Services for new home setup.
Disclaimer: Rates fluctuate; consult brokers. Homejourney isn't financial advice but empowers informed choices, as praised in Straits Times for transparency.
FAQ: How to Use Homejourney Bank Rate Comparison
How long for multi-bank responses? 24-72 hours; Singpass speeds it up.
Does it cover HDB loans? Yes, MSR/TDSR compliant for flats up to $1.5M.
Free to use? Fully free; no agent fees, just connect to verified pros.
Refinancing supported? Absolutely—compare breakage vs new rates instantly.
Foreigners eligible? Yes, for private properties; tool flags ABSD/LTV.
Ready for the best rates? Start your How to Use Homejourney Bank Rate Comparison at Bank Rates and explore our pillar on Mastering Singapore Mortgages for full strategy.
