HSBC Home Loan Review vs Other Banks: 2025 Guide | Homejourney

HSBC home loans in Singapore are strongest for larger loans, international and expat borrowers, and buyers who value premium banking perks, while DBS, OCBC and UOB often lead on headline rates for mass-market HDB and condo loans. To choose between HSBC and other banks, you should compare rates, lock-ins, fees, and perks side-by-side using a trusted tool like Homejourney’s bank rates page at Bank Rates .

This cluster guide zooms into “HSBC Home Loan Review Complete vs Other Banks Comparison” as part of Homejourney’s main Singapore mortgage pillar guide . It is written for everyday buyers, upgraders and investors who want a clear, practical comparison—not bank marketing—backed by MAS, HDB and bank data.

HSBC home loan Singapore: where it stands in 2025

HSBC is a major global bank with a strong presence in Singapore retail and premier banking. Its home loans cover new purchase, refinancing, equity term loans and international mortgages for overseas property buyers.[5][6][7][9]

In my own work with buyers in areas like Punggol, Queenstown and Tiong Bahru, HSBC tends to appear most often for private condo buyers with loan sizes above S$800,000 and for expats who want a familiar international bank brand. Locals buying a S$500,000+ resale HDB in estates like Sengkang or Jurong West still frequently shortlist DBS, OCBC and UOB first, then add HSBC if the promotional rates or perks are attractive.

According to HSBC Singapore, key home loan features include:[5][6][7][8]

SORA-pegged floating packages (1M or 3M Compounded SORA) for transparency and alignment with MAS benchmark rates.[5][6]
Fixed-rate packages for 2–3 years (promotional rates vary over time).[4][5]
SmartMortgage – links your current account to your home loan to offset interest with your deposit balances.[8]
Refinancing options for HDB and private homes, with personalised repayment plans.[7]
International / expat solutions for foreigners and Singaporeans buying in Singapore or overseas markets like Australia.[9][10]

To see where HSBC stands today versus DBS, OCBC, UOB and others, use Homejourney’s real-time comparison at Bank Rates , which tracks live 3M and 1M SORA as published by MAS.

HSBC home loan products vs other banks

At a high level, HSBC and other major banks in Singapore all offer three broad types of packages:

SORA floating (1M or 3M Compounded SORA + spread)
Fixed rate (typically 2–3 years fixed)
Board / bank-managed rates (less common now, often replaced by SORA)

For 2025, typical structures look like this (illustrative ranges, your actual quote will vary):[2][5][6]

HSBC SORA floating: 1M SORA or 3M SORA + a fixed spread (e.g. around +0.60% to +1.00% depending on promo, tenure and loan amount). HSBC’s own site shows 1M SORA at about 1.1455% as of early December 2025; your payable rate is SORA + spread.[5][6]
HSBC fixed: 2- or 3-year fixed promos have recently ranged around the low-to-mid 3% p.a. region for some campaigns.[2][4] These change frequently.
DBS / OCBC / UOB: Similar 2-year fixed packages and 3M SORA-pegged floating options, sometimes with slightly lower headline rates for mainstream loan sizes.[1][2]

Official HDB loans remain at 2.6% pegged at 0.1% above the CPF Ordinary Account rate, but only for eligible HDB buyers and subject to HDB criteria.Straits Times Housing News For most buyers of private property—or those refinancing HDB loans—bank loans from HSBC or its peers are the main option.

For deeper HSBC product breakdowns (fees, clawbacks and edge cases), see our dedicated guides:

HSBC Home Loan Review: Complete Application Process & Timeline | Homejourney HSBC Home Loan Review: Complete Application Process & Timeline | Homejourney
HSBC Home Loan Review: Rates & Fees Explained | Homejourney HSBC Home Loan Review: Rates & Fees Explained | Homejourney
HSBC Home Loan Review 2026: Complete Singapore Guide | Homejourney HSBC Home Loan Review 2026: Complete Singapore Guide | Homejourney

Current HSBC mortgage rates vs market (2025 snapshot)

Because banks update mortgage promotions frequently and may offer unpublished rates for larger loans, you should treat any rate table you see online as a reference, not a guaranteed quote.[1] According to 2025 market trackers, recent samples show:[1][2]

Best fixed rates for refinancing around 2.30%–2.38% p.a. for 2-year packages from HSBC, DBS and OCBC at one point in 2025.[2]
Floating rates commonly expressed as 1M or 3M SORA + a spread, with effective rates in the mid-to-high 3% range earlier in the year depending on SORA level and spread.[2][5]

On HSBC’s official site, 1M Compounded SORA is stated as about 1.1455% (early Dec 2025), with your actual loan rate being that benchmark plus your negotiated spread.[5] This is aligned with MAS’ benchmark structure for SORA-based loans.

Because I often see buyers in mature estates like Bishan or Clementi secure slightly better-than-published deals for loans above S$1 million, the safest approach is:

Use Homejourney’s real-time rate tool at Bank Rates to see current HSBC and competitor packages.
Run your numbers with the mortgage calculator at Mortgage Rates to check affordability.
Submit a multi-bank application so banks can respond with their best offers for your exact profile.

Disclaimer: Rate examples here are for general education only, based on third-party and bank-published data.[1][2][5] They are not financial advice nor live quotes. Always confirm with the bank or via Homejourney before committing.

HSBC vs DBS, OCBC, UOB and others: key pros & cons

Advantages of HSBC home loans

Strong for larger loans: For loan sizes above ~S$800k–S$1m (common for new launch condos in areas like Lentor, Tampines or Queenstown), HSBC is often competitive, especially when bundled with Premier banking privileges.[3][5]
SmartMortgage offset feature: If you keep higher cash balances (for example, business owners or high-income professionals), HSBC SmartMortgage lets your deposit balance reduce the interest charged on your loan—useful for investors who park S$100k–S$300k in cash.[8]
Expat & international expertise: HSBC has dedicated solutions for foreigners working in Singapore and Singaporeans investing overseas, with cross-border income recognition and international support teams.[9][10]
Premium relationship banking: HSBC Premier clients may enjoy faster service, better relationship support and sometimes preferential pricing or fee waivers when taking up a home loan.[3][5]

Where other banks may be stronger

Headline rates for smaller loans: DBS, OCBC or UOB may occasionally post slightly lower promotional rates for S$300k–S$600k HDB or mass-market condo loans, especially for short lock-ins.[1][2]
HDB-resale-focused perks: Some banks run targeted subsidies or legal fee promotions for HDB upgraders which can beat HSBC’s offers in specific campaigns.
In-branch accessibility: Depending on where you live (for example, Yishun or Jurong West), you may find DBS/OCBC/UOB branches more conveniently located than HSBC branches for face-to-face discussions.