How to Use Homejourney Bank Rate Comparison: 2026 Guide
Homejourney Bank Rate Comparison is your one-stop tool to instantly compare mortgage rates from DBS, OCBC, UOB, HSBC, Standard Chartered, and more major Singapore banks. This feature simplifies finding the best mortgage rates while factoring in TDSR limits, real-time SORA updates, and your personal eligibility for HDB or private properties.[1][4]
Whether you're a first-time HDB buyer in Toa Payoh or refinancing a condo in Orchard, Homejourney prioritizes user safety with verified bank data and Singpass integration for secure, fast applications. This cluster guide provides step-by-step instructions, building on our pillar content for comprehensive Singapore mortgage strategies.
Why Use Homejourney's Bank Rate Comparison Tool?
In Singapore's competitive property market, even a 0.2% rate difference on a S$1 million loan saves over S$20,000 over 25 years. Homejourney's bank rate comparison tool pulls live rates from all major lenders, including DBS OCBC UOB rates, without manual browsing.[4]
Unlike scattered bank websites, Homejourney verifies data directly from sources like MAS and banks, ensuring transparency and trust. Key benefits include multi-bank applications in one click, instant eligibility checks via TDSR/MSR calculators, and real-time SORA tracking—perfect for timing your loan in 2026's fluctuating rates.[1][5]
For HDB upgraders, it matches loans to ABSD rules; investors see effective rates post-spreads. Access it at https://www.homejourney.sg/bank-rates for a safe, verified experience.
Step-by-Step: How to Use Homejourney Bank Rate Comparison
Follow these actionable steps to master the tool and secure optimal financing.
- Access the Tool: Visit https://www.homejourney.sg/bank-rates or open the Homejourney app. No sign-up needed for basic comparisons.[1]
- Enter Your Profile: Input property price (e.g., S$800,000 HDB in Punggol), downpayment (5-25% per HDB rules), loan tenure (up to 30 years), and income. Singpass auto-fills for accuracy.[4][5]
- Compare Rates: View side-by-side tables for SORA Pibor fixed rates from DBS (e.g., 3M SORA + 0.5%), OCBC, UOB. Filter by lock-in (2-5 years) and penalties (1-1.5%).[4]
- Check Eligibility: Use the built-in calculator at https://www.homejourney.sg/bank-rates#calculator to confirm TDSR compliance (60% debt cap).[1]
- Apply Multi-Bank: Submit one form via Singpass—get offers from multiple banks simultaneously. Brokers assist for personalized advice.
- Track & Refinance: Monitor rates post-approval; refinance alerts notify when savings exceed fees.
Pro tip: For a S$1.2M condo, compare DBS's fixed 3.2% vs UOB's SORA 3.0% + 0.3%—Homejourney shows monthly payments (S$5,800 vs S$5,650).
Understanding Key Rates: SORA and Bank Products
SORA (Singapore Overnight Rate Average) is the MAS-recommended benchmark, replacing SOR since 2024. Most loans are 3M SORA (e.g., 2.8% base + 0.4-0.8% spread) for floating rates; fixed options suit risk-averse buyers.[4]
The chart below shows recent interest rate trends in Singapore:
As seen, SORA peaked at 3.1% in late 2025 but stabilized at 2.9% by Feb 2026, favoring floating loans now. Compare DBS (strong for HDB), OCBC (refinance perks), UOB (investor packages) directly on Homejourney.[1][4]
- DBS: Market leader; 3M SORA +0.5%, 2-year lock-in.
- OCBC: Flexible tenures; fixed 3.15% for 3 years.
- UOB: Competitive for privates; low penalties.
- Others like HSBC, Maybank suit expats with foreign income.
Advanced Tips for Singapore Buyers
First-timers: Pair with How to Use Homejourney Mortgage Calculator: 2026 Guide ">How to Use Homejourney Mortgage Calculator: 2026 Guide for affordability. Refinancers: Use multi-bank via Multi-Bank Application in One Click: Homejourney's Guide to Smart Mortgage Compa... ">Multi-Bank Application in One Click: Homejourney's Guide to Smart Mortgage Compa... ; save 0.3% equals S$30K.[5]
Insider tip: Apply pre-OTP for HDB BTO in Yishun—banks compete harder. After loan, search properties at https://www.homejourney.sg/search within budget. For maintenance, book via Aircon Services ">Aircon Services .
Disclaimer: Rates fluctuate; consult Homejourney brokers or MAS for advice. Homejourney verifies data but not financial advice.[1]
FAQ
How accurate are Homejourney's bank rates?
Homejourney sources live data from banks and MAS, updated daily for DBS OCBC UOB rates and others. Always verify final offers.[4]
Can I compare for HDB vs private properties?
Yes, input type to apply MSR/TDSR correctly—ideal for upgraders from S$500K HDB to S$1.5M condo.[1]
What's Singpass integration?
Auto-fills NRIC, income from MyInfo for 2-min applications, boosting approvals. See Step-by-Step Singpass Loan Application Guide | Homejourney ">Step-by-Step Singpass Loan Application Guide | Homejourney .[5]
Best time for compare bank rates Singapore?
Now—track SORA via Real-Time SORA Rate Tracker: Guide for Smart Singapore Homebuyers | Homejourney ">Real-Time SORA Rate Tracker: Guide for Smart Singapore Homebuyers | Homejourney . Rates may rise Q2 2026.[4]
Free to use mortgage rate comparison app?
100% free; monetized via verified partners. Connect with brokers post-comparison.[1]
Ready to find the best mortgage rates? Start with Homejourney Bank Rate Comparison today. For full strategies, read our pillar on Singapore home loans. Homejourney: Safe, trusted property journeys.
