How to Use Homejourney Bank Rate Comparison: 2026 Guide
How to Use Homejourney Bank Rate Comparison is simple: Visit , select your loan type, filter by SORA or fixed rates, and compare real-time offers from DBS, OCBC, UOB, HSBC, and other major banks instantly. This cluster article breaks down the process for Singapore homebuyers, linking back to our pillar guide on [Singapore Home Loans Complete Guide] for full mortgage education.
Why Homejourney Bank Rate Comparison Stands Out for Singapore Buyers
Homejourney prioritizes user safety and trust by verifying all bank data and providing transparent comparisons in a scam-free environment. Unlike manual searches, our tool aggregates live rates from 11 partner banks including DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong, and Citibank.
First-time HDB buyers or condo investors can see effective interest rates (EIR), lock-in periods, and penalties side-by-side. For example, as of February 2026, typical 3M SORA spreads range from 0.90% at DBS to 1.10% at some foreign banks, helping you spot the best deal under TDSR limits.
Our platform integrates with official MAS guidelines and HDB rules, ensuring accuracy. Insider tip: Check rates mid-month when banks update SORA-based packages for HDB upgraders eyeing BTO flats in Punggol or Tengah.
Step-by-Step: How to Use Homejourney Bank Rate Comparison
Follow these actionable steps to master How to Use Homejourney Bank Rate Comparison and secure optimal financing.
- Access the Tool: Go to https://www.homejourney.sg/bank-rates. No login required for basic comparison, but sign up for personalized alerts.
- Select Loan Type: Choose HDB loan, private property, or refinancing. Filters include fixed, SORA PEA (Principal and Interest), or IO (Interest Only) for investors.
- Input Details: Enter loan amount (e.g., S$800,000 for a S$1.2M Punggol resale flat), tenure (up to 30 years under MSR/TDSR), and age for eligibility preview.
- Compare Rates: View tables showing current rates like DBS 3M SORA + 0.95% (EIR ~3.2%), OCBC fixed 2.5% for 2 years. Sort by lowest spread or shortest lock-in.
- Analyze Pros/Cons: Hover for details—UOB excels in flexible refinancing, HSBC for expats with high LTV.
- Calculate Affordability: Use the built-in calculator at https://www.homejourney.sg/bank-rates#calculator to check monthly payments (e.g., S$3,800 for S$800k at 3%).
This process takes under 5 minutes and empowers decisions aligned with URA's cooling measures.
Understanding Key Rates: SORA and Fixed Deposits
SORA (Singapore Overnight Rate Average) is the MAS-recommended benchmark, replacing outdated SOR/SIBOR. In 2026, 3M SORA hovers at ~3.0%, making floating rates popular for HDB buyers under 75% LTV.
Fixed rates offer stability—e.g., Maybank's 2.2% for 3 years suits risk-averse families. Homejourney shows effective rates post-spreads for apples-to-apples comparison.
The chart below shows recent interest rate trends in Singapore:
As seen in the chart, SORA peaked at 3.2% in late 2025 but stabilized, favoring refinancing now. Compare to market averages via our tool for data backed by official sources.
Apply Home Loan Singpass: Digital Loan Application Made Easy
Apply home loan Singpass via Homejourney for seamless Singpass mortgage application and MyInfo home loan integration. One-click submits to multiple banks, letting them compete.
- Log in with Singpass on bank-rates page.
- Singpass loan apply auto-fills income, CPF, and liabilities via MyInfo—accurate for TDSR checks.
- Review and submit digital loan application to top 3-5 banks (e.g., DBS for HDB, CIMB for investors).
- Receive offers in 1-3 days; track via dashboard.
This digital loan application cuts paperwork by 80%, ideal for busy professionals. See full details in our guide: Apply for Home Loan via Singpass: Homejourney Step-by-Step Guide .
Bank Highlights: Quick Comparison of Top Partners
| Bank | Best For | Sample 2026 Rate | Lock-in |
|---|---|---|---|
| DBS | HDB Loans | 3M SORA + 0.95% | 2 years |
| OCBC | Refinancing | Fixed 2.4% (3y) | 3 years |
| UOB | Flexi Loans | 3M SORA + 1.00% | 1 year |
| HSBC | Expats | SORA + 0.90% | 2 years |
| Standard Chartered | High Value | Fixed 2.3% | 3 years |
Data from Homejourney real-time tracker (Feb 2026). Always verify latest at https://www.homejourney.sg/bank-rates. Pros: Multi-bank bidding saves 0.2-0.5% on rates. Cons: Processing varies (DBS fastest at 2 days).
Tips for First-Time Buyers and Investors
- Time applications post-SORA drop—use our tracker.
- Pair with property search at https://www.homejourney.sg/search for budget-matched listings.
- Refinancers: Break lock-ins penalty-free after 3 years via Homejourney brokers.
- Insider tip: HDB upgraders from Toa Payoh resale to new ECs save via multi-bank apply home loan Singpass.
- Post-purchase, book aircon services at Aircon Services for maintenance.
Disclaimer: Rates fluctuate; Homejourney provides tools, not financial advice. Consult professionals for personalized guidance per MAS rules.
FAQ
What is Homejourney Bank Rate Comparison?
Homejourney's free tool compares live home loan rates from 11 Singapore banks, with eligibility calculators and Singpass applications for instant multi-bank submissions.
How do I apply home loan Singpass on Homejourney?
Visit bank-rates, login via Singpass, auto-fill with MyInfo, and submit digitally. Offers arrive fast. Details: Singpass贷款申请完整步骤指南：Homejourney安全攻略 .
Is Singpass mortgage application safe?
Yes, Homejourney verifies all data and uses secure MyInfo for digital loan application, prioritizing user safety as per our trust commitment.
Can I compare refinancing rates?
Absolutely—filter for refi packages and submit one app to all banks. Learn more: 一键多银行申请的好处：新加坡房贷快速审批指南 .
How accurate are Homejourney rates?
Sourced real-time from partner banks, updated daily, aligned with MAS SORA. Cross-check calculator: How to Use Homejourney Mortgage Calculator: 2026 Guide .
Ready to save on your home loan? Start with Homejourney Bank Rate Comparison today and explore properties at Property Search . For full insights, return to our pillar guide. Homejourney: Your trusted partner for safe, transparent property journeys.
