How to Use Homejourney Bank Rate Comparison: 2026 Guide
Homejourney Bank Rate Comparison lets you instantly compare live home loan rates from all major Singapore banks like DBS, OCBC, UOB, HSBC, and more in one secure platform.
Designed for first-time buyers, refinancers, and investors, this tool tracks SORA rate tracker, live SORA rates, and 3M SORA 6M SORA tracking to help you monitor interest rates and secure the best deals. As part of Homejourney's commitment to user safety and trust, all rates are verified in real-time with Singpass integration for secure applications.[1]
Why Homejourney Bank Rate Comparison Stands Out in Singapore
Singapore's home loan market is regulated by the Monetary Authority of Singapore (MAS), with most loans pegged to SORA (Singapore Overnight Rate Average) since 2024, replacing outdated SOR and FIX rates. Homejourney simplifies this by aggregating rates from 11 partner banks: DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong, and Citibank.
Unlike manual bank visits, Homejourney offers side-by-side comparisons, rate alert notifications, and multi-bank applications. This supports TDSR (Total Debt Servicing Ratio at 55%) and MSR (Mortgage Servicing Ratio at 30% for HDB) compliance, helping you calculate affordability instantly.[1][5]
Access it at https://www.homejourney.sg/bank-rates – your trusted hub for verified rates and pre-approvals.
Step-by-Step: How to Use Homejourney Bank Rate Comparison
Follow these actionable steps to master the tool and find the best loan for your HDB upgrade or condo purchase.
- Visit the Bank Rates Page: Go to https://www.homejourney.sg/bank-rates. No sign-up needed for basic comparisons – rates update live every hour.[1]
- Select Loan Type: Choose HDB, private property, or refinancing. Filter by rate type: SORA PEAK (3M/6M), fixed, or board (e.g., DBS 3M SORA + 0.7%).
- Compare Key Metrics: View effective interest rates (EIR), lock-in periods (1-5 years), and penalties (e.g., 1.5% for early break). Example: As of Feb 2026, DBS offers 3M SORA + 0.65% (est. 3.15% EIR), beating market average by 0.1%.[1]
- Use SORA Tracker: Check live SORA rates – 3M SORA at ~2.8%, 6M at ~2.9%. Set rate alert for drops below 2.7% via email/SMS.
- Calculate Eligibility: Input income, age, CPF via Singpass at https://www.homejourney.sg/bank-rates#calculator. Example: S$6,000 monthly income qualifies ~S$600K loan under TDSR.[5]
- Apply Multi-Bank: Submit one form – banks compete with offers. Singpass auto-fills docs for 24-48hr pre-approvals.
This process saves hours and ensures you get the lowest rates safely on Homejourney.[1][2]
Understanding SORA and Live Rate Tracking on Homejourney
SORA is MAS' risk-free overnight rate, compounded daily for transparency. 3M SORA 6M SORA tracking shows forward-looking trends – crucial as rates fluctuate with global events.
The chart below shows recent interest rate trends in Singapore:
As seen, 3M SORA dipped 0.2% in Q1 2026, favoring fixed-to-floating switches. Use Homejourney's SORA rate tracker to monitor interest rates daily – link to our Real-Time SORA Rate Tracker: Guide for Smart Singapore Homebuyers | Homejourney ">[Real-Time SORA Rate Tracker Guide] for deeper insights.
Comparing Top Banks on Homejourney: Real Examples
Here's a snapshot (Feb 2026 rates; always verify live):
| Bank | 3M SORA + Spread | Lock-in | Best For |
|---|---|---|---|
| DBS | +0.65% (~3.15%) | 2 yrs | HDB buyers |
| OCBC | +0.60% (~3.10%) | 3 yrs | Refinancers |
| UOB | +0.70% (~3.20%) | 1 yr | Short-term |
| HSBC | +0.55% (~3.05%) | 2 yrs | Investors |
Homejourney highlights winners: HSBC leads for low spreads. Pros: DBS strong customer service; Cons: Maybank higher penalties. Tailor to your profile – e.g., young HDB buyer in Punggol? Prioritize low LTV fees.[1]
Pro tip: For resale flats (~S$500K in Yishun), save S$2K/year picking OCBC over board rates. Always check Straits Times Housing News ">Straits Times for market context.
Actionable Tips for Buyers and Refinancers
- Time Your Lock-in: Use rate alerts when 6M SORA <3% – ideal for 2-3yr locks.
- Refinance Smartly: Compare costs first; see How to Calculate If Refinancing is Worth It: Homejourney Guide ">[Refinancing Calculator Guide].
- Multi-Bank Edge: One app gets offers from all – banks bid lower. Details in Benefits of Multi-Bank Application in One Click | Homejourney ">[Multi-Bank Benefits].
- Singpass Speed: Auto-fill shaves 5 days off processing. Guide: Step-by-Step Singpass Loan Application Guide | Homejourney ">[Singpass Guide].
- Pair with Search: Filter properties at https://www.homejourney.sg/search by loan eligibility.
Disclaimer: Rates change; Homejourney verifies but consult advisors. Not financial advice.[1][5]
FAQ: How to Use Homejourney Bank Rate Comparison
How often do Homejourney rates update?
Live every hour from bank APIs, with daily SORA from MAS. Set alerts for changes.[1]
Can I compare refinancing rates?
Yes – filter 'Refinance' for repricing vs full switch. See Refinancing vs Repricing: Which Saves You More Money in 2026? ">[Refinancing vs Repricing].[1]
Is Singpass safe for applications?
Fully secure via MyInfo – no manual doc uploads. Homejourney prioritizes data safety.[2][3]
What if rates rise post-lock-in?
Track via SORA rate tracker; refinance penalty-free after. Use our hidden costs guide: Hidden Refinancing Costs Singapore: Compare Rates Safely | Homejourney ">[Hidden Costs].
How to connect with Homejourney brokers?
Apply via bank-rates page for free personalized advice from verified experts.
Master How to Use Homejourney Bank Rate Comparison today at https://www.homejourney.sg/bank-rates. For full mortgage strategies, explore our pillar guide on Singapore home loans. Homejourney: Safe, transparent property journeys.
