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, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong, and Citibank in one secure platform.
This tool simplifies finding the best online home loan options, supporting apply bank online, no queue mortgage, digital bank application, and convenient loan application processes via Singpass.
As part of our pillar guide on Singapore home loans, this cluster focuses on actionable steps to use Homejourney's tool for smarter financing decisions.
Whether you're a first-time HDB buyer or refinancing a condo in Orchard, Homejourney prioritizes your safety with verified data and real-time updates.[1][2]
Why Use Homejourney Bank Rate Comparison?
Traditional bank-hopping takes hours and risks outdated quotes. Homejourney aggregates live rates from 11 banks, showing effective SORA spreads, fixed rates, lock-in periods, and fees side-by-side.[4]
Our platform verifies all data directly from banks, aligning with MAS regulations for transparency. First-time buyers can check TDSR eligibility instantly, while investors compare refinancing options for properties like a $1.2M Sengkang HDB or $2.5M private condo.[1]
Insider tip: Time your search when 3M SORA dips below 3.0%—common in Q1 2026 per recent trends—for optimal fixed-to-floating switches.[4]
Step-by-Step: How to Use Homejourney Bank Rate Comparison
Access the tool at https://www.homejourney.sg/bank-rates. No sign-up needed initially, but Singpass login unlocks personalized calculations.
- Enter Your Details: Input purchase price (e.g., $800,000 HDB), downpayment (5-25% per HDB/URA rules), loan tenure (up to 30 years), and income for TDSR check. Our calculator uses official HDB Loan Eligibility (HLE) formulas.[1]
- Compare Rates Instantly: View tables with current packages: DBS 3M SORA + 0.70% (effective ~3.2%), OCBC Fixed 2.95% (2-year lock-in), UOB Board -1.50%. Filter by fixed vs floating.[4]
- Assess Eligibility: See borrowing power (e.g., $600K for $8K monthly income under TDSR 55%). Use our free mortgage calculator at https://www.homejourney.sg/bank-rates#calculator.
- Apply Multi-Bank: Submit one digital bank application via Singpass—auto-fills NRIC, income proofs. Banks compete, sending best no queue mortgage offers in 24-48 hours.[2]
- Track & Refinance: Monitor approvals in-app. For refinancing, compare current vs new rates (e.g., break fees under 1.5% for most).[3]
This convenient loan application process skips branches, ideal for busy professionals in CBD or Jurong.[1]
Understanding Key Loan Metrics on Homejourney
SORA (Singapore Overnight Rate Average) replaced SOR in 2024; most loans peg to 3M/6M SORA + spread (0.5-1.0%). Fixed rates offer stability for 1-3 years.[4]
Homejourney shows effective rates post-spreads. Example: For $500K loan, 3M SORA 2.88% + 0.80% = 3.68% p.a., monthly ~$2,300 vs fixed 3.2% at $2,150.
The chart below shows recent interest rate trends in Singapore:
SORA has stabilized around 2.8-3.0% in early 2026, per MAS data, making now ideal for locking rates before potential hikes.[4]
Singapore-Specific Tips for Bank Rate Comparison
- HDB Buyers: Prioritize banks with CPF housing grants integration (DBS, OCBC). Check ABSD exemptions via our tool.[1]
- Private Property: HSBC excels for high-net-worth with flexible tenures; compare LTV limits (75% for bank loans).[2]
- Refinancers: Use Homejourney to spot >0.5% savings. E.g., switch from UOB board rate (4.2%) to CIMB SORA pkg (3.4%). See 简化再融资流程指南：Homejourney新加坡房产买家完整手册 ">简化再融资流程指南：Homejourney新加坡房产买家完整手册 .
- Singpass Power: Auto-verifies docs, boosting approval 30% faster per user feedback. Learn more: Singpass贷款申请完整步骤指南：Homejourney安全快速批准 ">Singpass贷款申请完整步骤指南：Homejourney安全快速批准 .
- Multi-Bank Edge: One click applies to all—see 一键多银行申请的好处：Homejourney新加坡房贷指南2026 ">一键多银行申请的好处：Homejourney新加坡房贷指南2026 .
Pro tip: Cross-check with properties on https://www.homejourney.sg/search to match loans to budgets in areas like Punggol (HDB ~$700K).[1]
Homejourney's Trust & Safety Features
All rates are pulled live from bank APIs, verified daily. No commissions bias—pure comparison. Connect with our Mortgage Brokers post-comparison for free advice (MAS-licensed).[2]
Disclaimer: Rates fluctuate; this is not financial advice. Consult professionals for personalized plans. HDB rules apply (e.g., min 20% downpayment).[1]
FAQ: How to Use Homejourney Bank Rate Comparison
How accurate are Homejourney's bank rates?
100% real-time from banks, updated minutely. Matches official quotes.[4]
Can I apply for loans without visiting branches?
Yes, full apply bank online via Singpass—no queues, digital signatures.[2]
Which bank is best for first-time HDB buyers?
Compare DBS/OCBC for CPF integration; use our filter for grants.[1]
How does multi-bank application work?
One form, banks bid—get top 3 offers. Faster than solo apps.[3]
Is refinancing covered?
Yes, input current loan details for savings calc. See guide: 简化再融资流程指南：Homejourney新加坡房产买家完整手册 ">简化再融资流程指南：Homejourney新加坡房产买家完整手册 .
Ready to save on your home loan? Visit Homejourney Bank Rate Comparison now, then explore properties at property search. For full Singapore home loan strategies, read our pillar guide.
