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 in one secure platform, helping Singapore buyers secure the best deals without visiting branches.
This cluster guide provides step-by-step instructions on using the tool, connecting to our pillar content on Singapore Mortgage Guide 2026 for comprehensive home loan education. Homejourney prioritizes your safety with verified rates, Singpass integration, and multi-bank applications for transparent, trusted financing.[1][2]
Why Choose Homejourney Bank Rate Comparison
Singapore's property market demands smart financing decisions, especially with SORA rates influencing monthly payments. Homejourney aggregates real-time rates from major banks like DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong, and Citibank, all updated daily per MAS guidelines.[1]
Unlike scattered bank websites, our tool shows side-by-side comparisons including effective interest rates (EIR), lock-in periods, and fees. First-time HDB buyers in areas like Punggol or condo investors in Orchard can calculate TDSR-compliant loans instantly, ensuring you stay within MAS limits of 55% debt servicing ratio.[3]
Key benefits include no queue mortgage applications, online home loan submissions via Singpass, and letting banks compete for your business. This builds trust through transparency, as all data is verified and user feedback drives updates.[2]
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:
- Enter Property Details: Input purchase price (e.g., S$500,000 for a 4-room HDB in Sengkang), downpayment (5-25% per HDB rules), and loan tenure (up to 30 years).
- Select Loan Type: Choose SORA-based (floating, tied to 3M/6M SORA), fixed-rate, or board rate options. SORA is now the standard post-SIBOR, offering lower spreads like DBS's P-SORA + 0.70%.[1]
- Compare Rates Instantly: View tables ranking banks by lowest EIR. For example, OCBC might offer 3.2% for 2-year fixed vs UOB's 3.15% SORA-pegged.
- Run Eligibility Check: Use the integrated calculator at https://www.homejourney.sg/bank-rates#calculator to assess MSR (HDB) or TDSR limits based on your income.
- Apply Online: Click apply bank online for digital bank application. Singpass auto-fills documents for convenient loan application to multiple banks in one go.
This process takes under 5 minutes, skipping branches for a fully online home loan experience. See our related guide: How to Use Homejourney Mortgage Calculator: Step-by-Step Guide .[4]
Understanding Current Bank Rates and SORA Trends
As of 2026, 3M SORA averages 2.8-3.0%, with banks adding spreads of 0.5-1.0%. Fixed rates start at 3.0% for 2-3 years from HSBC or Standard Chartered, ideal for HDB upgraders.[1]
The chart below shows recent interest rate trends in Singapore:
SORA has stabilized post-2025 hikes, but monitor for refinancing. Homejourney tracks live rates, alerting you to drops—perfect for condo owners in Bedok eyeing better terms from Maybank or CIMB.[5]
Top Banks Compared on Homejourney
DBS: Market leader with 3M SORA + 0.75%, strong for HDB loans. Pros: Fast processing (3-7 days); Cons: Higher penalties post-lock-in.
OCBC: Competitive fixed rates at 3.1%, best for investors. Integrates seamlessly with Homejourney for multi-bank apps.
UOB: Low SORA spreads (0.65%), excellent customer service. Ideal for first-timers via no queue mortgage options.
HSBC and Standard Chartered suit expats with global transfers; Maybank/CIMB offer promo rates for resale flats. Use Homejourney to filter by your profile—e.g., Public Bank for low-income buyers.[1][2]
| Bank | Best Product | Indicative EIR | Best For |
|---|---|---|---|
| DBS | SORA-Pegged | 3.55% | HDB Buyers |
| OCBC | Fixed 2Y | 3.10% | Investors |
| UOB | SORA +0.65% | 3.45% | First-Timers |
Compare all 11 banks instantly. Insider tip: Refinance 6 months before lock-in ends to avoid fees, using Homejourney's real-time alerts.[3]
Apply to Multiple Banks with One Click
Homejourney's multi-bank system submits your digital bank application to all partners simultaneously. Receive competing offers—e.g., UOB might bid lower than DBS.
Required docs: NRIC, income slips, property Option to Purchase. Singpass verifies in seconds for faster approvals (under 48 hours).[6] Link to Benefits of Multi-Bank Application in One Click | Homejourney for more.
Post-approval, search budget-matched properties at https://www.homejourney.sg/search or check projects at Projects Directory .
Safety and Trust with Homejourney
All rates are sourced directly from banks, verified daily. No scams—Singpass secures data, aligning with Homejourney's commitment to user safety and feedback-driven improvements.[2]
Disclaimer: Rates fluctuate; this is not financial advice. Consult Homejourney Mortgage Brokers via https://www.homejourney.sg/bank-rates for personalized guidance under MAS rules.
Frequently Asked Questions (FAQ)
How accurate are Homejourney's bank rates?
Updated real-time from bank APIs, matching official quotes. Cross-verified for TDSR/MSR compliance.[1]
Can I apply for HDB loans via Homejourney?
Yes, compare HDB-eligible packages from DBS/OCBC/UOB and apply online with Singpass for resale/ BTO flats.[3]
What's the benefit of multi-bank applications?
Banks compete, often lowering rates by 0.1-0.3%. One form, multiple offers—see Skip Branch Queues: Apply Home Loans Online to All Singapore Banks via Homejourn... .[5]
How does Singpass work for loan apps?
Auto-pulls NRIC/income data securely. Detailed steps in Step by Step Singpass Loan Application Guide | Homejourney .[6]
Is refinancing easy on Homejourney?
Yes, compare current vs new rates, apply to switch seamlessly. Track SORA for optimal timing.
Start comparing today at Homejourney Bank Rate Comparison. For full Singapore home loan strategies, return to our pillar guide. Secure your dream home safely with Homejourney.
