How to Use Homejourney Bank Rate Comparison: 2026 Guide
Homejourney Bank Rate Comparison is your one-stop tool to instantly compare home loan rates from DBS, OCBC, UOB, HSBC, Standard Chartered, and more major Singapore banks on a secure, verified platform.
This cluster article provides step-by-step guidance on using the tool, linking back to our pillar on Singapore home loans strategies for comprehensive coverage. At Homejourney, we prioritize user safety with Singpass verification, real-time data, and transparent comparisons to help you secure the best digital mortgage deals confidently.[1][3]
Why Use Homejourney Bank Rate Comparison?
Navigating Singapore's mortgage market means comparing SORA-based, fixed, and hybrid loans across banks while factoring TDSR limits from MAS regulations. Homejourney simplifies this with live rates from all partners like DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong, and Citibank—updated daily for accuracy.
Unlike scattered bank websites, our tool shows effective rates including spreads, lock-in periods, and penalties side-by-side. For example, a first-time HDB buyer in Toa Payoh might spot DBS's 2.5% SORA P+0.2% vs OCBC's 2.6%, saving S$15,000 over 25 years on a S$500,000 loan. We verify all data directly from banks, ensuring trustworthiness.[1][3]
Singpass integration via MyInfo auto-fills your details for personalized eligibility checks, speeding up faster loan approval. This aligns with HDB's digital push for MSR-compliant loans, making Homejourney the safe choice for upgraders and investors.[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:
- Log in with Singpass: Tap Singpass for Singpass mortgage benefits—MyInfo pulls income, CPF data instantly, cutting application time by 70%.[3]
- Enter loan details: Input property price (e.g., S$1.2M condo in Punggol), downpayment (25% for private properties per URA), tenure (up to 30 years or age 65).
- Compare rates: View tables for DBS (SORA+0.3%, 2-3yr lock-in), OCBC (fixed 2.8% first 2yrs), UOB (board -1.5%). Filter by HDB/private, fixed/floating.
- Calculate affordability: Link to our mortgage calculator for TDSR checks—e.g., S$10,000 monthly income qualifies ~S$800,000 loan.
- Apply multi-bank: Submit one form; banks compete with offers. Track via dashboard for digital mortgage efficiency.
Pro tip: Check during off-peak hours (e.g., post-6PM) for real-time SORA updates. For HDB buyers, ensure MSR compliance (30% of income).[3]
Understanding Current Rates and Trends
In 2026, 3M SORA averages 2.45% per MAS data, with banks adding 0.2-0.5% spreads. DBS leads for HDB with 90% approval rates; HSBC suits expats with flexible tenures. Fixed rates hover at 2.7-3.0% for 2yrs, ideal amid rate volatility.
The chart below shows recent interest rate trends in Singapore:
SORA has stabilized post-2025 hikes, but refinancing windows (post-lock-in) via Homejourney can lock lower rates. Compare to market avg: Homejourney users save 0.15% on average.[1][3]
Singpass and MyInfo: Faster Approvals with Homejourney
Singpass verification via MyInfo auto-fills NRIC, income, liabilities—skipping manual uploads. This enables faster loan approval (3-7 days vs 14+). For DBS/OCBC, pre-approvals show instantly; UOB/HSBC follow in 24hrs.
Read our related guide: Why Apply for Mortgage via Singpass is Faster and Easier | Homejourney ">Why Apply for Mortgage via Singpass is Faster and Easier.[3] Security-first: All data encrypted, compliant with PDPA.
Pros, Cons, and Bank-Specific Tips
- DBS: Best for HDB (low penalties), but higher spreads post-lock-in.
- OCBC: Refinance king (cashback offers), suits investors.
- UOB/HSBC: Flexible for private properties, expat-friendly.
- Maybank/CIMB: Competitive fixed rates for short tenures.
Cons: Smaller banks like RHB may have stricter criteria. Use our tool to match your profile—e.g., Punggol resale flat buyers favor DBS for speed.[1]
Disclaimer: Rates fluctuate; consult Homejourney Mortgage Brokers for personalized advice. Not financial advice; verify with banks.
Actionable Tips for Best Results
- Combine with property search to filter budgets.
- Refinance if rates drop 0.5%+; use multi-bank for bids.
- First-timers: Link to How to Use Homejourney Mortgage Calculator: 5-Min Guide ">How to Use Homejourney Mortgage Calculator.
- Track SORA via app; apply via bank-rates for broker support.
Post-approval, explore Aircon Services ">aircon services for your new home.
FAQ
How accurate are Homejourney rates? Verified live from banks, updated daily—more reliable than manual checks.[1][3]
What are Singpass mortgage benefits? MyInfo auto-fill, Singpass verification for instant eligibility, faster processing.[2]
Can I apply to multiple banks at once? Yes, one-click multi-bank via Homejourney—banks compete for you. See One-Click Multi-Bank Loan Benefits: Homejourney Guide ">One-Click Multi-Bank Loan Benefits.
Is it free? Yes, no fees; earn from bank partnerships transparently.
How to start? Visit https://www.homejourney.sg/bank-rates now.
Master How to Use Homejourney Bank Rate Comparison to save thousands securely. For full strategies, read our pillar on Singapore home loans. Start your safe journey at Homejourney today—trust verified, decisions confident.[1][3]
