How to Use Homejourney Bank Rate Comparison: 2026 Guide

Homejourney Bank Rate Comparison lets you instantly compare home loan rates from DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, and more major Singapore banks in one secure platform.

Designed for first-time buyers, refinancers, and investors, this mortgage comparison service shows real-time rates, eligibility, and lets you submit a single loan application to receive multiple bank offers.

Why Use Homejourney for Bank Rate Comparison?

In Singapore's competitive property market, securing the best loan offer can save you tens of thousands over your loan tenure. Homejourney prioritizes user safety by verifying all bank data and using Singpass for secure applications.

Unlike traditional methods requiring branch visits, Homejourney's tool displays SORA-based, fixed, and hybrid rates side-by-side, factoring in TDSR limits and your income.

This cluster article builds on our pillar guide to Singapore home loans, offering tactical steps for using the comparison tool effectively. Visit Homejourney bank rates page to start.

Step-by-Step: How to Use Homejourney Bank Rate Comparison

Follow these actionable steps to compare bank offers and apply efficiently.

Access the Tool: Go to https://www.homejourney.sg/bank-rates. No login required for initial comparison.
Enter Your Details: Input income, existing loans, and property price. Use our mortgage calculator for TDSR-compliant borrowing power.
View Real-Time Rates: See effective rates from 11 partner banks including DBS (SORA P+0.50%), OCBC (fixed 2.5% for 2 years), UOB, HSBC, and others. Rates update daily per MAS guidelines.
Filter and Sort: Sort by lowest rate, shortest lock-in, or lowest fees. Compare multiple bank offers for HDB or private properties.
Submit Single Application: Click 'Apply Now' for single loan application. Singpass auto-fills details, sending to all banks instantly. Receive competing offers within 24-48 hours.
Review Offers: Homejourney dashboard shows personalized quotes. Connect with our mortgage brokers for advice.

This process aligns with HDB and MAS rules, ensuring LTV and MSR compliance. For details on multi-bank applications, see our guide: Get Multiple Bank Offers with One Application: Homejourney Guide .

Understanding Current Bank Rates (February 2026)

Singapore's home loan market follows 3M SORA (currently ~2.85%) plus bank spreads. Homejourney aggregates rates from official bank sites and MAS data.

DBS: 3M SORA + 0.60% (effective ~3.45%), 2-year fixed 2.80%.
OCBC: Board -1.50% (~2.90%), strong for HDB loans.
UOB: 3M SORA + 0.50% (~3.35%), low fees.
HSBC: Fixed 2.60% for 3 years, ideal for stability.
Standard Chartered: Competitive for investors (~3.20% effective).
Maybank/CIMB/RHB: SORA +0.70%, good for foreigners.

Rates per bank disclosures; always verify on Homejourney for latest. This beats manual checks across sites.

The chart below shows recent interest rate trends in Singapore:

As shown, SORA has stabilized post-2025 hikes, favoring fixed-rate locks now. Use this to time your compare bank offers decision.

Key Benefits of Homejourney's Mortgage Comparison Service

Homejourney stands out by letting banks compete for your business transparently.

Time Savings: One application vs. multiple visits. Singpass integration cuts paperwork by 80%[3].
Better Deals: Receive the best loan offer as banks bid. Users report 0.2-0.5% lower rates.
Safety First: Verified data, no scams. All agents and listings checked, per our trust commitment[1][2].
Full Ecosystem: After comparing, search properties via Homejourney property search within your budget.
Refinancing Support: Compare current vs. new rates easily. See Best Bank Refinancing Rates Comparison 2026 | Homejourney .

For Singpass steps, read Step by Step Singpass Loan Application Guide | Homejourney . Disclaimer: Rates fluctuate; Homejourney provides tools, not financial advice. Consult professionals for personalized guidance.

Tips for First-Time Buyers and Investors

As a Singapore property expert, here's insider advice:

Factor Total Debt Servicing Ratio (TDSR 55%) early using our calculator.
For HDB upgraders, prioritize banks like DBS/OCBC with ABSD rebates.
Investors: Compare LTV (75% for 2nd property) across foreign-friendly banks like HSBC.
Lock fixed rates if SORA >3%; otherwise, floating saves on penalties.
Post-purchase, book aircon services via Aircon Services for maintenance.

Real example: A Toa Payoh buyer saved $15,000 over 25 years by switching from UOB to OCBC via Homejourney comparison.

FAQ: How to Use Homejourney Bank Rate Comparison

How accurate are Homejourney's bank rates?
Sourced real-time from partner banks and MAS, updated daily. Always cross-check your offer[1].

Can I apply to all banks with one click?
Yes, submit a single loan application via Singpass to receive multiple bank offers from 11 lenders[3].

Is it free to compare and apply?
100% free. No hidden fees; Homejourney earns via partnerships, prioritizing your trust.

What if I need refinancing advice?
Use the tool for current rates vs. yours. See How to Calculate If Refinancing is Worth It: Homejourney Guide or contact our brokers.

Does it work for HDB and private properties?
Yes, filters for both, compliant with HDB/URA rules.

Ready to find the best loan offer? Start your secure comparison at Homejourney Bank Rate Comparison today. For full home loan education, return to our pillar guide on Singapore mortgages. Homejourney: Your safe path to property success.