Standard Chartered Home Loan Review 2026: Rates, Fees & Insights | Homejourney
Standard Chartered home loan offers competitive rates and flexible packages for Singapore buyers in 2026, with fixed options starting around 2.65% p.a. for 2 years and floating pegged to SORA.[6][1] This comprehensive SCB mortgage review analyzes StanChart housing loan features, eligibility, costs, and comparisons to help you decide confidently through Homejourney's verified insights.
Homejourney prioritizes your safety by verifying all data from official sources like MAS and HDB, ensuring transparent decisions in Singapore's property market. Whether you're a first-time buyer or considering SCB refinance, this guide covers everything with practical examples and tools like our bank rates comparison.
Table of Contents
- Executive Summary
- Standard Chartered Home Loan Overview
- SCB Rates and Packages 2026
- Eligibility and Borrowing Limits
- Fees, Charges and Rebates
- HDB vs Private Property Loans
- SCB Refinance Guide
- Pros, Cons and Comparisons
- Application Process via Homejourney
- FAQ
Executive Summary
Standard Chartered's home loans stand out in 2026 for their Green Mortgage incentives and competitive SORA-pegged floating rates, ideal for eco-conscious buyers and refinancers.[7][4] With Singapore's mortgage rates easing to around 2.5-2.75% post-2022 peaks, SCB's packages like 2-year fixed at 2.65% offer stability amid SORA fluctuations near 2.6%.[2][3]
Key highlights: Up to S$500 cashback on consolidation, minimum loans from S$500k, and rebates scaling to S$2,800 for S$1.5M+ refinances.[1] Homejourney's platform lets you compare SCB rates against DBS, OCBC, UOB instantly at https://www.homejourney.sg/bank-rates, using Singpass for secure applications.
This pillar guide draws from official MAS/HDB regulations, real 2026 market data, and insider tips for Singapore buyers. Calculate your eligibility now with our free tool: https://www.homejourney.sg/bank-rates#calculator.
Standard Chartered Home Loan Overview
Standard Chartered Bank (SCB), a key Homejourney partner, provides mortgages for HDB resale/upgrade and private properties under MAS guidelines.[4] As of January 2026, SCB emphasizes sustainability with Green Mortgage promotions valid till 31 Jan 2026, offering lower rates for energy-efficient homes.[7]
SCB loans suit expats, professionals, and families due to flexible tenures up to 35 years and SORA-based floating rates replacing SIBOR.[2] Unlike HDB loans at fixed 2.6% (subject to availability), bank loans like SCB's adapt to market shifts, potentially saving costs in falling rate environments.[3]
Why Choose SCB in 2026?
- Strong USD funding for competitive spreads over SORA.[9]
- Generous rebates for refinancers: S$2,000+ on S$500k loans.[1]
- Partner perks for sustainable purchases with UOB, HSBC peers.[2]
- Digital application via Singpass on Homejourney.Best Banks for First-Time Home Buyers: Application Process & Timeline | Homejour...
Insider tip: For BUC purchases like those in Tengah or Punggol, SCB's progressive drawdown aligns with low initial interest needs.[1]
SCB Rates and Packages 2026
SCB's StanChart housing loan rates start competitively: 2-year fixed at 2.65% p.a., with monthly payments around S$12,089 for typical S$1.5M loans over 25 years.[6][5] Floating options peg to 3M SORA + spread (current all-in ~2.6-3% as SORA eases).[3][1]
SORA (Singapore Overnight Rate Average) is the MAS benchmark for most floating loans, with 3M compounded SORA at ~2.63% in early 2026, down from 3.5-3.62% in 2024.[3] SCB offers 1M/3M variants for flexibility.
The chart below shows recent interest rate trends in Singapore:
As seen, SORA has trended down with US Fed cuts, favoring floating rates now but watch for reversals.[3] SCB's fixed packages lock rates for 2-3 years before converting.
SCB Rate Comparison Table 2026
| Package | Year 1 Rate | Lock-in | Min Loan | Rebate (Refi) |
|---|---|---|---|---|
| 2Y Fixed[6] | 2.65% | 2 years | S$500k | S$2,000+ |
| 3M SORA Float[1] | ~2.63% + spread | 2 years | S$500k | Up to S$2,800 |
| Green Mortgage[7] | Lower than std | Varies | Qualifying | Cashback avail |
Rates for S$500k+; bigger loans get lower spreads.[1] View live SCB rates vs DBS/OCBC on Homejourney's bank rates page.
Eligibility and Borrowing Limits
SCB assesses via TDSR (Total Debt Servicing Ratio ≤55% gross income) and MSR (≤30% for HDB).[2] LTV caps: 75% Singapore citizens first property, 45% second homes, 75% expats private only.[2]
Example: S$10k monthly income family can borrow ~S$1.8M under TDSR (assuming 30-year tenure, 3% rate). Use Homejourney's calculator: https://www.homejourney.sg/bank-rates#calculator.
Key Limits Table
| Buyer Type | Max LTV | Tenure Max |
|---|---|---|
| Citizen First HDB | 90% | 30/35 yrs |
| Private Second | 45% | Age-based |
| Expats | 75% private | 35 yrs |
CPF Ordinary Account usable up to available balance after reserves; grants like EHG up to S$120k for first-timers.[2] SCB verifies via Singpass on Homejourney.
Fees, Charges and Rebates
SCB charges standard processing (~S$2k-3k), valuation, and legal fees; no hidden costs per MAS transparency rules. Refinance rebates cover these: S$2,800 for S$1.5M+.[1]
Stamp duties: ABSD 20% second homes; option fee 1%.[2] Insider tip: Time refinance post-lock-in to avoid penalties (2% typically).
HDB vs Private Property with SCB
For HDB (e.g., 4-room resale ~S$500k in Yishun), SCB offers MSR-compliant loans; private condos (e.g., S$1.5M in Orchard) get better rates for larger sums.[1] HDB MOP 5 years mandatory.
Search HDB/private options within budget on https://www.homejourney.sg/search.
SCB Refinance Guide 2026
SCB refinance shines with tiered rebates and low spreads for S$1M+ loans.[1] Process: Check valuation > outstanding loan, apply via Homejourney for multi-bank quotes including UOB, HSBC.
- Verify eligibility on bank-rates.
- Submit Singpass app to SCB + peers.
- Compare offers, select best.
2026 outlook: Falling SORA favors switches from fixed.[3]
Pros, Cons and Bank Comparisons
Pros of SCB
- Competitive fixed/float for high-value loans.[1][6]
- Green incentives till Jan 2026.[7]
- Cashback covers costs.[1]
Cons
- Higher min loan S$500k vs some peers.[1]
- Rates not always lowest Year 1 (e.g., vs 1.35% elsewhere).[1]
Compare with partners: See Homejourney bank rates. For first-timers, read Best Bank for First-Time Home Buyers Singapore 2026 | Homejourney ">Best Bank for First-Time Home Buyers Singapore 2026 | Homejourney .
Application Process via Homejourney
Homejourney simplifies: One-click multi-bank apps (SCB, DBS, etc.) with Singpass auto-fill for income/CPF. Brokers provide free guidance. Start at https://www.homejourney.sg/bank-rates.
Post-approval, explore maintenance like Aircon Services ">Aircon Services for your new home.
FAQ: Standard Chartered Home Loan 2026
What are current SCB rates? 2Y fixed ~2.65%, SORA float ~2.6%+.[6][3]
Is SCB good for HDB refinance? Yes, with rebates up to S$2,800 if S$1.5M+.[1]
Green Mortgage eligibility? Energy-efficient properties; lower rates till 31 Jan 2026.[7]
How much rebate for SCB refi? S$2,000 (S$500k+), scaling higher.[1]
SCB vs UOB? SCB better for green/sustainability; compare on Homejourney. See Who Should Choose UOB Home Loan? Complete 2026 Review | Homejourney ">Who Should Choose UOB Home Loan? Complete 2026 Review | Homejourney .
Disclaimer: Rates/fees change; not financial advice. Consult Homejourney brokers or advisors. Data as of Jan 2026 from verified sources.[1][2][3]
Ready? Compare Standard Chartered home loan now on Homejourney bank rates for safe, trusted financing. Search properties at property search.
References
- Singapore Property Market Analysis 6 (2026)
- Singapore Property Market Analysis 1 (2026)
- Singapore Property Market Analysis 7 (2026)
- Singapore Property Market Analysis 4 (2026)
- Singapore Property Market Analysis 2 (2026)
- Singapore Property Market Analysis 3 (2026)
- Singapore Property Market Analysis 9 (2026)
- Singapore Property Market Analysis 5 (2026)
