How to Use Homejourney Bank Rate Comparison: 2026 Guide

Homejourney Bank Rate Comparison lets you instantly compare mortgage rates from DBS, OCBC, UOB, HSBC, and other major Singapore banks in one secure platform, helping you secure the best home loan deal safely and transparently.

This cluster article dives into using Homejourney's bank rate comparison tool for Singapore property buyers. It connects to our pillar guide on Singapore mortgage strategies by providing tactical steps for rate shopping. At Homejourney, user safety and trust drive every feature, with verified data and Singpass integration for secure applications.

Why Use Homejourney for Compare Bank Rates Singapore?

Singapore's property market demands sharp financing decisions, especially with SORA rates fluctuating around 3.0-3.5% in early 2026 per MAS data. Homejourney's tool aggregates real-time rates from DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong, and Citibank, showing effective rates including spreads.

Unlike manual checks, Homejourney updates live, factors TDSR/MSR limits, and matches loans to your profile—HDB upgrader or private condo investor. This builds trust through transparency, verifying all rates directly from banks to prevent misinformation.

Key benefits include multi-bank applications via one form, Singpass auto-fill for faster approvals, and eligibility calculators linked to Homejourney mortgage calculator. First-time buyers save hours; refinancers spot savings like 0.2% rate drops equating to S$20,000 over 25 years on a S$1M loan.

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 Securely: Use Singpass for instant login—no paperwork. Input income, debts, and property price (e.g., S$800K HDB at Punggol or S$1.5M condo at Orchard).
2. View Side-by-Side Rates: See DBS OCBC UOB rates and others. Filter by fixed (1-3% for 2-3 years), SORA PEAK (SORA + 0.7-1.2%), or board rates.
3. Customize Filters: Sort by lowest effective rate, lock-in period (e.g., DBS 2-year at 2.8%), or no-penalty options for flexibility.
4. Run Simulations: Test scenarios like refinancing a S$600K loan; Homejourney shows monthly payments (e.g., S$3,200 at 3.2% SORA).
5. Apply Multi-Bank: Submit once—banks compete with offers. Track via dashboard.

Pro tip: Check during off-peak hours (e.g., post-6PM) for real-time updates. For HDB buyers, ensure MSR compliance (30% of income); private properties cap at TDSR 55%.

Understanding Key Rates: SORA and Beyond

SORA (Singapore Overnight Rate Average) is MAS's preferred benchmark, replacing SOR/SIBOR. In 2026, 3M SORA hovers at 3.15%, per official MAS compounding rates. Fixed rates offer stability (e.g., OCBC 2-year at 2.75%), while floating track SORA + spread.

The chart below shows recent interest rate trends in Singapore:

As seen, SORA peaked at 3.4% mid-2025 but stabilized, favoring fixed-rate locks now. Compare via Homejourney: UOB SORA PEAK (SORA+0.85%) often beats DBS for short locks; HSBC suits expats with global transfers.

DBS, OCBC, UOB Rates: Quick Comparison

Current 2026 snapshots (effective rates, subject to change; verify on Homejourney):

• DBS: SORA PEAK 3.05% (SORA+0.9%), 3-year fixed 2.95%. Best for HDB with quick processing (3-7 days).
• OCBC: SORA PEAK 3.00% (SORA+0.85%), strong refinancing (0.1% waiver promos). Ideal for upgraders.
• UOB: Board 3.2%, 2-year fixed 2.85%. Investor favorite for high LTV up to 75%.

Full list includes HSBC (competitive for foreigners, 3.1%), Standard Chartered (flexi-loans). Use Homejourney's mortgage rate comparison app for personalized pros/cons, like Maybank's low fees but higher spreads.

Insider tip: For Punggol BTO buyers, pair with Homejourney property search to match budgets. Refinancers, time before lock-in expiry—save 0.3% via multi-offers.

Advanced Tips for Best Mortgage Rates

1. Time Your Application: Apply post-CPI release (MAS quarterly) when rates dip.

2. Leverage Promotions: Homejourney flags DBS cashback (0.2% rebate) or UOB fee waivers.

3. Refinance Smartly: Break costs under S$2,000? Switch if savings exceed 0.5%. See our Compare Singapore Bank Mortgage Rates in One Place: Homejourney Guide ">Compare Singapore Bank Mortgage Rates guide.

4. Eligibility Check: Use linked calculator for TDSR (e.g., S$10K income = S$1.2M borrow limit).

5. Singpass Power: Auto-fills NRIC, income—approvals in 24-48 hours. Details in Step by Step Singpass Loan Application Guide | Homejourney ">Singpass Loan Application Guide.

Disclaimer: Rates vary by profile; Homejourney provides tools, not advice. Consult professionals for personalized guidance. Data from MAS/HDB Feb 2026.

FAQ: How to Use Homejourney Bank Rate Comparison

How accurate are Homejourney's bank rates?
Sourced real-time from banks, updated daily. Cross-verified for trust—view last update timestamps.

Can I compare DBS OCBC UOB rates only?
Yes, filter major banks or all 11 partners. See effective rates post-spreads.

Is it free to apply via Homejourney?
100% free. One-click multi-bank submission; no broker fees unless opting for Homejourney Mortgage Brokers.

What if rates change after comparison?
Lock quotes valid 1-2 weeks. Re-run anytime for live best mortgage rates.

Supports HDB resale?
Fully—MSR/TDSR auto-applied. Pair with Projects ">projects directory for market insights.

Master how to use Homejourney bank rate comparison today at Homejourney bank rates. Find properties via property search, calculate via mortgage calculator, and explore our pillar on Singapore home loans for full strategy. Start your safe journey now!