How to Use Homejourney Bank Rate Comparison: Step-by-Step Guide
Homejourney Bank Rate Comparison lets you compare bank offers from DBS, OCBC, UOB, HSBC, and more in one place, submit a single loan application, and receive the best loan offer without hassle. This mortgage comparison service is powered by Singpass for secure, fast results, prioritizing your safety and trust.
As part of Homejourney's commitment to transparency, this tool verifies real-time rates from major Singapore banks, helping first-time buyers and refinancers make confident decisions. Connects seamlessly to our pillar guide on Singapore Mortgage Essentials for full coverage.
Why Use Homejourney's Bank Rate Comparison Tool?
In Singapore's competitive property market, securing the lowest rates can save thousands over a loan's life. Homejourney aggregates live data from partners like DBS Bank, OCBC Bank, UOB, Standard Chartered, HSBC, Maybank, CIMB, RHB, Public Bank, Hong Leong, and Citibank.
Unlike manual checks, our tool shows multiple bank offers side-by-side, including SORA-based, fixed, and board rates with lock-in details. For HDB upgraders or private property investors, it's essential—especially with 2025's fluctuating 3M SORA at around 3.0-3.2% per MAS guidelines.
Disclaimer: Rates change daily; always verify with banks. Homejourney provides tools for informed choices, not financial advice. Consult professionals for personalized guidance.
Step-by-Step: How to Use Homejourney Bank Rate Comparison
Follow these actionable steps to compare bank offers and apply effortlessly. Access at https://www.homejourney.sg/bank-rates.
- Sign Up with Singpass (1 minute): Log in via Singpass/MyInfo for auto-filled details. Ensures security and speeds up eligibility checks—no paperwork hassles.
- Enter Your Details: Input income, age, property price (e.g., $800K HDB resale), and loan tenure. Our calculator estimates borrowing power instantly, factoring TDSR limits (60% max debt).
- Compare Rates Instantly: View tables with effective rates. Example: DBS 2.5% fixed (2-yr lock-in), OCBC 2.45% SORA+0.5%, UOB 2.6% board. Filter by bank or product.
- Submit Single Application: One form sends to all banks. Receive competing offers—let them bid for your business.
- Track and Choose: Monitor responses in-app. Pick the best, with expert WhatsApp support.
Pro Tip: Time applications when SORA dips; track live rates on Homejourney. For a $1M condo, saving 0.2% on rates could mean $50K+ over 25 years.
Key Features: Multiple Bank Offers with Single Application
Homejourney's standout is submitting one application to get multiple bank offers. No repetitive forms—Singpass verifies income from CPF/IRAS data.
- Real-Time SORA Tracking: Monitor 3M/6M SORA vs. fixed rates. Ideal for 2025's variable market.
- Eligibility Calculator: Test scenarios at https://www.homejourney.sg/bank-rates#calculator. E.g., $10K monthly income qualifies ~$1.2M loan under TDSR.
- Refinancing Simplified: Compare current vs. new rates; get pre-approvals fast. See Get Multiple Bank Offers with One Application | Homejourney Guide ">Get Multiple Bank Offers with One Application | Homejourney Guide .
- Safety First: Verified data, scam-free—Homejourney verifies all partners per HDB/MAS standards.
Comparing Major Banks on Homejourney (2025 Snapshot)
Here's a quick view of partners' strengths. Full details update live on our platform.
| Bank | Best For | Sample Rate (New Loans) | Lock-in |
|---|---|---|---|
| DBS | HDB Buyers | SORA + 0.6% (~2.8%) | 2-3 yrs |
| OCBC | Fixed Rates | 2.4% fixed | 3 yrs |
| UOB | Investors | Board -1.5% (~2.7%) | 2 yrs |
| HSBC | Expats | SORA + 0.7% | Flexible |
| Standard Chartered | Refinance | 2.5% promo | 2 yrs |
Rates as of Dec 2025; check Homejourney for updates. Compare full packages including fees. Avoid pitfalls like early penalties—read our 10 Common Compare Singapore Bank Mortgage Rates Mistakes | Homejourney ">10 Common Compare Singapore Bank Mortgage Rates Mistakes | Homejourney .
Practical Tips for Best Results
Maximize savings with these insider strategies:
- Compare before OTP: Use after property shortlist via https://www.homejourney.sg/search.
- Refinance at 6M SORA low: Lock fixed if rates rise.
- Bundle with services: Post-purchase, book aircon servicing at Aircon Services ">Aircon Services .
- Leverage promotions: Banks offer cashback for Homejourney apps.
- Check eligibility first: Supports HDB ABSD rules, private property LTV 75% max.
FAQ: How to Use Homejourney Bank Rate Comparison
Q: How long to get multiple bank offers?
A: 1-3 days post-submission. Singpass speeds it up.
Q: Is it free?
A: Yes, no fees for comparison or application. Banks compete directly.
Q: Can I compare for refinancing?
A: Absolutely—input current loan details for side-by-side analysis. See Compare Singapore Bank Mortgage Rates in One Place | Homejourney ">Compare Singapore Bank Mortgage Rates in One Place | Homejourney .
Q: What documents are needed?
A: Singpass handles most; upload payslips if requested.
Q: Safe for first-time buyers?
A: Yes, verified platform per MAS/HDB standards. Track everything securely.
Start Comparing Today
Secure the best loan offer with Homejourney's trusted bank rate comparison. Visit https://www.homejourney.sg/bank-rates now, or explore properties at https://www.homejourney.sg/search
