Joint Home Loan Bank Rates: Compare DBS, OCBC, UOB | Homejourney
Joint home loan applications in Singapore succeed when you compare bank rates from DBS, OCBC, UOB, HSBC and others to secure the lowest effective interest rates. This Joint Home Loan Application Complete: Bank Rate Comparison Guide helps couples and co-borrowers evaluate options using Income-Weighted Average Age (IWAA) and current SORA-based packages. Homejourney verifies real-time rates from all major banks, ensuring transparent decisions in a trusted environment.
As part of our pillar content on Joint Home Loan Singapore: Complete Guide for Couples & Families | Homejourney ">Joint Home Loan Singapore: Complete Guide for Couples & Families, this cluster focuses on bank-specific comparisons post-application completion. Prioritizing user safety, Homejourney lets you compare rates instantly and apply via Singpass for faster approvals.
Why Compare Bank Rates for Joint Mortgages?
Joint mortgages boost borrowing power via combined incomes but require rate shopping to minimize costs. Banks like DBS and OCBC peg loans to SORA (Singapore Overnight Rate Average), with spreads from 0.50% to 1.00% as of February 2026. Couples save thousands by choosing packages with short lock-ins and low penalties.
Homejourney's platform aggregates rates from DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong, and Citibank. Use our mortgage eligibility calculator to assess joint affordability under TDSR (Total Debt Servicing Ratio) limits of 55%.
Key Factors in Joint Home Loan Rate Comparison
Evaluate joint home loan packages by effective interest rate (EIR), lock-in periods, and processing fees. MAS caps tenures at 30 years for HDB flats and 35 for private properties, using IWAA for joint applicants: [(Principal Age × Income) + (Co-borrower Age × Income)] ÷ Total Income. Younger co-borrowers with high incomes lower IWAA, enabling higher LTV up to 75%.
All co-borrowers must co-own the property per MAS rules. For HDB, only one flat ownership allowed, so plan decoupling if needed—see our guide on Decoupling Property Mortgage: Homejourney Application Benefits ">Decoupling Property Mortgage: Homejourney Application Benefits.
Understanding SORA for Joint Mortgages
SORA replaced SOR in 2024 as the risk-free benchmark. Current 3M SORA hovers at 3.00-3.20%. Joint packages often start fixed at 2.5-3.0% for 2-3 years, converting to SORA + 0.70%.
The chart below shows recent interest rate trends in Singapore:
SORA stability favors floating rates for joint applicants planning long-term holds, but fixed suits risk-averse couples.
Bank-by-Bank Rate Comparison for Joint Applications (Feb 2026)
Compare top banks' joint mortgage offerings. Rates are indicative; verify on Homejourney bank rates for live updates. Minimum joint income: S$36,000/year.
| Bank | Best Joint Package | Initial Rate | Lock-in | Min Loan |
|---|---|---|---|---|
| DBS | SORA PEAK 2.5 | 2.55% fixed 2yrs, then SORA+0.65% | 2 yrs (1.5% penalty) | S$100k |
| OCBC | 9M Fixed | 2.48% fixed 3yrs, SORA+0.70% | 3 yrs (1.5%) | S$200k |
| UOB | Private Home Loan | SORA+0.60% after 2yrs fixed 2.60% | 2 yrs (2%) | S$450k |
| HSBC | Home Smart | 2.50% fixed 2yrs, SORA+0.75% | 2 yrs (1.8%) | S$500k |
| Standard Chartered | Spouse Mortgage | SORA+0.55% | 1 yr (1%) | S$300k |
DBS suits HDB joint buyers with flexible repricing; OCBC excels for EC upgraders. UOB offers high LTV for private properties over S$1M.
Pros, Cons & Best For Each Bank
- DBS: Pros: Fast Singpass processing, strong HDB integration. Cons: Higher fees post-lock-in. Best for first-time couples.
- OCBC: Pros: Low initial rates, easy joint docs. Cons: Strict IWAA checks. Best for young professionals.
- UOB: Pros: Competitive for high-value loans. Cons: Higher min loan. Best for investors.
- HSBC/StanChart: Pros: Flexible for expat co-borrowers. Cons: Slower approval. Best for mixed-citizen pairs.
Maybank and CIMB offer promo rates 0.10% below market for joint apps over S$800k. Homejourney lets banks compete—submit once, get multiple LOIs.
Documents & Application Steps for Joint Loans
- Prepare Docs: NRIC/passport, latest payslips/IR8A, IRAS Property Summary (Singpass PDF), Option to Purchase. For joint: One set suffices for repricing.
- Calculate IWAA & Eligibility: Use Homejourney calculator.
- Compare & Apply: Via Homejourney—Singpass auto-fills, multi-bank submission.
- Review LOIs: Compare EIR, penalties. Accept best offer.
- Legal Completion: 4-6 weeks processing.
Insider tip: Apply mid-month when SORA dips. For HDB fiancé schemes, include marriage proof post-BTO.
Homejourney: Safe Joint Loan Applications
Homejourney prioritizes trust—real-time rates, verified data, no hidden fees. Compare this bank's rates with all others instantly. Connect with our Mortgage Brokers for personalized joint advice. Link to property search for budget-matched homes.
FAQ: Joint Home Loan Bank Rates
Q: What's the best bank for joint HDB loans?
A: DBS or OCBC for low SORA spreads and HDB expertise. Compare on Homejourney.
Q: How does IWAA affect joint rates?
A: Lower IWAA unlocks higher LTV and better packages. Calculate via our tool.
Q: Can we apply jointly via Singpass?
A: Yes, Homejourney auto-fills for all borrowers—faster than bank portals.
Q: Refinancing joint loans—pros?
A: Save 0.5% on rates; check Joint Home Loan Approval: Boost Chances in Singapore | Homejourney ">Joint Home Loan Approval: Boost Chances.
Q: Minimum income for joint mortgage?
A: S$36,000 combined annually.
Disclaimer: Rates fluctuate; not financial advice. Consult professionals. Data from MAS/HDB Feb 2026.
Start your joint home loan comparison on Homejourney bank rates. For full guidance, read our pillar on Joint Home Loan Singapore: Complete Guide for Couples & Families | Homejourney ">Joint Home Loans for Couples.
