Joint Home Loan Bank Rates: Compare DBS, OCBC, UOB & More | Homejourney
Joint Home Loan Application Complete: Bank Rate Comparison Guide helps Singapore couples and families secure the lowest rates from top banks like DBS, OCBC, and UOB. Homejourney's real-time comparison tool lets you evaluate joint home loan, co-borrower mortgage, and joint mortgage Singapore options instantly, prioritizing your safety and trust.
This cluster article builds on our pillar Joint Home Loan Singapore: Complete Guide for Couples & Families | Homejourney ">Joint Home Loan Singapore: Complete Guide for Couples & Families, focusing on actionable bank rate comparisons for completed joint applications. Discover how to pick the best couples home loan or joint application package using Homejourney's verified data.
Why Compare Bank Rates for Joint Home Loans?
Joint home loans combine incomes to boost borrowing power under MAS rules, where maximum tenure is 30 years for HDB flats and 35 years for private properties[6]. Banks assess Income-Weighted Average Age (IWAA) for co-borrowers: [(Principal Age × Income) + (Joint Age × Income)] ÷ Total Income. A younger, high-income co-borrower like a 30-year-old earning S$8,000 can lower IWAA, enabling higher LTV up to 75%[1].
Homejourney verifies rates from partner banks, ensuring transparency. Use our bank-rates page to compare joint home loan options safely—submit one Singpass-enabled application to multiple banks and let them compete for your business.
Current SORA-Based Rates for Joint Mortgages (Feb 2026)
Most joint mortgage Singapore packages tie to 3M SORA (around 3.0% as of Feb 2026), plus spreads of 0.5%-1.0%. Fixed rates start at 3.2% for 2-3 year lock-ins. Compare effective rates below (assumes S$1M loan, 25-year tenure):
- DBS: SORA + 0.65% (3.65% eff.), 2-yr fixed 3.3%. Best for HDB upgraders.
- OCBC: SORA + 0.70% (3.70% eff.), 3-yr fixed 3.35%. Strong for couples with variable income.
- UOB: SORA + 0.60% (3.60% eff.), min S$450k loan[3]. Ideal for private properties S$1M+.
- HSBC: SORA + 0.55% (3.55% eff.), 2-yr fixed 3.25%. Foreigner-friendly co-borrower options.
- Standard Chartered: SORA + 0.75% (3.75% eff.), flexible refinancing.
Maybank, CIMB, RHB, Public Bank, Hong Leong, and Citibank offer competitive SORA + 0.60%-0.90%, often with cashback up to S$5,000 for joint applicants. Rates beat market average of 3.7%Business Times Property .
The chart below shows recent interest rate trends in Singapore:
SORA has stabilized post-2025 hikes, favoring fixed-rate lock-ins now. Track live updates on Homejourney bank-rates.
Top Banks Compared: Pros, Cons & Best For Joint Applicants
| Bank | Key Product | Eff. Rate | Lock-in | Pros | Cons | Best For |
|---|---|---|---|---|---|---|
| DBS | SORA PEAK | 3.65% | 2 yrs | Fast Singpass approval, HDB specialist | Higher penalty (1.5%) | HDB couples |
| OCBC | 360 Home Loan | 3.70% | 3 yrs | Refi rebates, app integration | Min income S$5k combined | Families refinancing |
| UOB | Private Home Loan | 3.60% | 2 yrs | Large loan perks[3] | Min S$450k | Investors |
| HSBC | Smart Home Loan | 3.55% | 2 yrs | Low spread | Stricter docs | High earners |
Public Bank and Hong Leong excel for low-document joint apps; CIMB offers promo rates for first-time co-borrowers. Always calculate IWAA first—e.g., 55-year-old (S$6k income) + 35-year-old (S$10k) yields IWAA ~42, allowing 25-yr HDB tenure[1]. Use Homejourney's mortgage calculator for personalized scenarios.
Step-by-Step: Comparing & Applying for Joint Home Loans
- Verify Eligibility: Combined income min S$36k p.a.[7]. Check TDSR (60% debt cap). Use Homejourney calculator.
- Compare Rates: Visit Homejourney bank-rates for real-time DBS vs OCBC vs UOB.
- Gather Docs: NRIC, IRAS Property Summary (via Singpass), payslips, Option to Purchase[2][3]. Joint accounts need one set.
- Submit via Homejourney: One-click multi-bank app with Singpass auto-fill. Banks respond in 1-3 days.
- Review Offers: Compare lock-ins, penalties. Lock best rate amid SORA trends.
- Finalize: Connect with Homejourney Mortgage Brokers for free guidance.
Insider tip: Apply mid-week (Tue-Thu) for faster processing; avoid month-end. For HDB, co-borrowers must co-own[1].
Homejourney's Trusted Tools for Joint Applications
Homejourney prioritizes your safety with verified rates and Singpass integration, reducing errors. Compare all partners (DBS to Citibank) instantly, calculate eligibility, and apply simultaneously—banks bid for you. Post-approval, search budget-matched properties on Homejourney property search.
Refinancing? See Joint Home Loan Bank Rates: Compare DBS, OCBC, UOB | Homejourney ">Joint Home Loan Bank Rates: Compare DBS, OCBC, UOB for updates. Disclaimer: Rates fluctuate; consult professionals. Homejourney verifies data but isn't financial advice.
FAQ: Joint Home Loan Rate Comparisons
1. Which bank has the lowest joint home loan rates in 2026?
HSBC leads at SORA + 0.55% (3.55%), but DBS suits HDB best. Compare on Homejourney.
2. How does IWAA affect our joint mortgage Singapore rate?
IWAA determines LTV/tenure[1]. Lower IWAA = better terms. Calculate via our tool.
3. Can we apply jointly online with Singpass?
Yes, Homejourney's multi-bank form auto-fills docs for DBS, UOB, etc.[2]. One submission for all.
4. What's the penalty for breaking a joint loan lock-in?
Typically 1-1.5% of loan amount. Check specifics per bank on Homejourney.
5. How to boost joint application approval?
Read Joint Home Loan Application: 7 Proven Ways to Boost Approval Chances ">Joint Home Loan Application: 7 Proven Ways. Use our brokers.
Ready to compare? Visit Homejourney bank-rates now for the best joint home loan deals. Trust Homejourney for safe, transparent property journeys.
