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.
With real-time SORA rate tracking, rate alerts, and one-click multi-bank applications via Singpass, you can secure the best rates safely without visiting branches.
Why Use Homejourney for Bank Rate Comparison?
In Singapore's competitive property market, interest rates directly impact your monthly repayments and total loan cost. For a S$1.2 million HDB resale flat, a 0.2% rate difference could save over S$50,000 over 25 years.
Homejourney aggregates verified rates from DBS Bank, OCBC Bank, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB Bank, Public Bank, Hong Leong Bank, and Citibank—updated in real-time. This eliminates manual checks across bank sites, ensuring you get accurate data aligned with MAS regulations.
Our platform prioritizes user safety with verified information, Singpass integration for secure applications, and transparent comparisons, building trust for first-time buyers and investors alike.
This cluster guide supports our pillar content on Singapore Home Loans Complete Guide, providing tactical steps for rate shopping. Visit https://www.homejourney.sg/bank-rates to start comparing today.
Step-by-Step: How to Use Homejourney Bank Rate Comparison
Access the tool via the Homejourney app or website—available on Google Play and App Store. No sign-up needed for basic comparisons, but create a free account for personalized rate alerts and saved comparisons.
- Navigate to Bank Rates Page: Go to https://www.homejourney.sg/bank-rates or tap 'Mortgage Tools' in the app.
- View Live Rates: See current packages from all 11 partner banks. Filter by loan type (SORA-based, fixed, hybrid), tenure (20-30 years), and loan amount.
- Track SORA Rates: Use our SORA rate tracker for live 3M SORA and 6M SORA rates, crucial since most loans pegged to SORA post-2024 MAS shift from SOR.
- Compare Side-by-Side: Sort by lowest effective interest rate (EIR), including spreads. Example: DBS 3M SORA + 0.6% vs OCBC 3M SORA + 0.5%.
- Set Rate Alerts: Get notifications when rates drop below your target, perfect for monitoring interest rates in volatile markets.
- Calculate Eligibility: Use the built-in calculator at https://www.homejourney.sg/bank-rates#calculator factoring TDSR (Total Debt Servicing Ratio ≤55%) and MSR (Monthly Servicing Ratio ≤30% for HDB).
- Apply Multi-Bank: Submit one form via Singpass—banks compete for your loan, sending best offers within 24-48 hours.
Pro Tip: For HDB buyers in areas like Punggol or Sengkang, check ABSD and LTV limits first via our tools to match loans accurately.
Understanding SORA and Live Rate Tracking on Homejourney
SORA (Singapore Overnight Rate Average) is the volume-weighted average of interbank overnight loans, published daily by ABS. It's more transparent than fixed rates and aligns with Singapore's floating-rate economy.
As of February 2026, live 3M SORA hovers around 2.8-3.0%, while 6M SORA is slightly higher at 3.1%. Homejourney's SORA rate tracker shows historical trends for 3M SORA and 6M SORA tracking to predict movements.
The chart below shows recent interest rate trends in Singapore:
As seen in the chart, rates peaked mid-2025 but stabilized, favoring fixed-rate locks for risk-averse buyers. Use our tracker to monitor interest rates and time refinancing—e.g., if 3M SORA drops below 2.8%, switch from fixed packages.
Read more in our Real-Time SORA Rate Tracker: Guide for Smart Singapore Homebuyers | Homejourney ">Real-Time SORA Rate Tracker Guide.
Comparing Top Banks on Homejourney: Key Insights
Homejourney displays full details: lock-in periods (1-3 years, penalties 1.5% p.a.), min. loan S$100k, and processing (3-7 days). Here's a snapshot for a S$800k loan, 25-year tenure (rates as of Feb 2026; always verify live data):
| Bank | Best Package | EIR (3M SORA + Spread) | Lock-in |
|---|---|---|---|
| DBS | Home Loan (SORA) | 3.4% (2.9% + 0.5%) | 2 years |
| OCBC | 360 Account Loan | 3.3% (2.9% + 0.4%) | 1 year |
| UOB | HomeSmart Loan | 3.35% (2.9% + 0.45%) | 2 years |
DBS suits HDB buyers with fast approvals; OCBC for salary crediting perks. Compare fully on Homejourney to see pros/cons like customer service ratings.
Actionable Tips for Singapore Buyers
- Combine with property search: Filter homes on https://www.homejourney.sg/search within your calculated budget.
- Refinancers: Check 6M SORA for stability; set rate alert for drops.
- First-timers: Use Singpass for MyInfo auto-fill—reduces errors, speeds approval per MAS guidelines.
- Investors: Factor LTV ≤75% for private properties; compare ROI with our tools.
- Post-purchase: Book aircon services via Aircon Services ">Homejourney home services.
Disclaimer: Rates fluctuate; Homejourney provides tools, not financial advice. Consult professionals for personalized guidance. Data sourced from bank disclosures and MAS (2026).
FAQ: How to Use Homejourney Bank Rate Comparison
How often are rates updated on Homejourney?
Real-time daily, directly from banks. Live SORA rates refresh every morning.
Can I apply to multiple banks at once?
Yes, one-click multi-bank submission via Singpass. See 一键多银行申请的好处：Homejourney新加坡房贷指南2026 ">One-Click Multi-Bank Guide.
What's the difference between 3M and 6M SORA?
3M resets quarterly (more volatile); 6M semi-annually (smoother). Track both on Homejourney.
Is it free to use the comparison tool?
Fully free, no hidden fees—prioritizing your trust and safety.
How does Singpass integration work?
Auto-fills income/docs securely. Details in Singpass贷款申请完整步骤指南：Homejourney安全快速批准 ">Singpass Guide.
Ready to find the best rates? Head to Homejourney Bank Rate Comparison now, calculate your eligibility, and let banks compete for you. For full Singapore home loan strategies, explore our pillar guide.
