Step by Step Singpass Loan Application Guide: Quick Answer
The fastest, safest way to apply for a home loan in Singapore today is to use Singpass/MyInfo through a trusted platform like Homejourney, so your income, CPF and employment data are pulled securely from government sources and submitted to multiple banks at once, allowing you to compare offers side-by-side and choose the best mortgage rate without repeating your application.
This cluster guide focuses specifically on the Step by Step Singpass Loan Application Guide for Singapore home buyers and owners. For a full overview of home loan types, TDSR/MSR rules, and refinancing strategies, you should also refer to our main pillar guide on Singapore home loans .
Why Use Singpass for Your Home Loan Application?
Singpass (together with MyInfo) lets banks retrieve your official data directly from government sources like IRAS, CPF and MOM via secure APIs, instead of you uploading payslips and CPF statements manually.[7] This greatly reduces errors, speeds up approval, and improves data security because you are not emailing sensitive documents around.
In practice, if you are a salaried employee working in areas like Raffles Place, One-North or Changi Business Park, your income contributions to CPF and past Notice of Assessment are already captured in government systems. Through Singpass, participating banks (DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong Bank, Citibank and others) can verify this data instantly when you authorise it.
On Homejourney, Singpass is integrated into our multi-bank application flow. One secure Singpass login can power:
- Automatic income and CPF retrieval (no more PDF uploads)
- Fast mortgage eligibility checks with our calculator Mortgage Rates
- One-click submissions to multiple partner banks so banks compete for you
- Safe, encrypted storage of your application data, aligned with Singapore’s digital security standards
End-to-End Overview: From Singpass Login to Bank Approval
Before diving into the detailed Step by Step Singpass Loan Application Guide, it helps to understand the overall journey that most Singapore buyers follow, whether you are buying a BTO in Punggol, a resale HDB in Queenstown, or a condo in Tampines.
- Plan your budget and check loan eligibility (using Homejourney’s mortgage calculator )
- Get an In-Principle Approval (IPA) from banks via a Singpass-powered multi-bank application
- Search for properties within your budget using Homejourney’s property search Property Search
- Exercise Option to Purchase (OTP) or sign Sale & Purchase Agreement
- Finalise loan package (fixed vs floating/SORA, tenure, lock-in) and sign bank letter of offer
- Legal completion & disbursement – your lawyer and bank coordinate to pay the seller or HDB
This article focuses on steps 1–3, specifically how to use Singpass to apply multiple banks mortgage, compare offers, and secure the best mortgage rate safely and efficiently.
Step-by-Step: How to Apply via Singpass on Homejourney
Step 1: Prepare Your Basic Information
Even though Singpass/MyInfo will auto-fill most fields, being prepared helps you avoid delays. Based on real cases we see from buyers in areas like Sengkang, Bukit Panjang and Jurong East, the best applications are those that are prepared in advance, not rushed after getting an OTP.
Have these ready:
- NRIC number (for Singapore Citizens/PRs)
- Estimated monthly fixed income (basic salary, excluding variable bonuses)
- Existing debt obligations (credit card balances, car loans, personal loans)
- Rough idea of property price range (e.g. S$700,000–S$900,000 for a 4-room resale HDB in a mature estate)
- Whether this is a new purchase or refinancing of an existing loan
Insider tip: If you usually alight at nearby MRT stations like Bishan, Paya Lebar or Jurong East to view multiple units in a day, run your numbers on Homejourney’s eligibility calculator before your viewings. This avoids the common situation where you fall in love with a unit but later discover TDSR or income limits make it unaffordable.
Step 2: Use Homejourney’s Mortgage Eligibility Calculator
Before applying, visit the Homejourney bank rates and calculator page Bank Rates . Enter your income, age, and estimated property value to get a safe, conservative estimate of how much you can borrow, and expected monthly instalments under current SORA and fixed-rate packages.
This step helps you:
- Avoid applying for unrealistic loan amounts that may be rejected
- Understand how TDSR (Total Debt Servicing Ratio) and MSR (for HDB) might limit your borrowing
- Decide if you should extend your tenure (e.g. 25 vs 30 years) to keep instalments manageable
From experience, many first-time buyers commuting from suburban areas like Woodlands or Tampines underestimate their monthly instalment. A S$800,000 loan at around 3% interest over 25 years works out to roughly S$3,800–S$3,900 per month; our calculator makes this transparent upfront so you can budget with confidence.
Step 3: Start a Multi-Bank Application on Homejourney
On the same bank rates page Bank Rates , you can initiate a multi-bank application instead of applying to DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong Bank, Citibank and others one by one. This is a core Homejourney feature designed to save time and reduce errors.
You will be asked for high-level details, such as:
- New purchase or refinancing
- Estimated property price and loan amount
- Employment type (salaried, self-employed, commission-based)
- Preferred tenure and whether you are open to both fixed and floating packages
Insider tip: If you’re upgrading from an HDB in towns like Pasir Ris or Ang Mo Kio to a condo in the OCR, select both fixed and SORA-based floating packages initially. This allows more banks to send you offers, and you can narrow down later.
Step 4: Log in Securely with Singpass / MyInfo
Once you start the application, you will be prompted to log in via Singpass. According to the official Singpass Developer Portal, Singpass allows residents to authenticate securely and share government-verified data with digital services, including home or car loan applications.[7]
You will typically:
- Be redirected to the official Singpass login page (or app)
- Log in using your Singpass app, Face ID/biometrics or password
- Review the data fields being requested (e.g. income, CPF, NOA)
- Provide consent for Homejourney and partner banks to access this data for your loan application
Because data is pulled directly from government sources, the risk of mis-typing income or forgetting to include an outstanding loan is much lower. This protects both you and the bank, and can lead to smoother approvals.
Step 5: Auto-Fill and Verify Your Details
After Singpass login, your application form on Homejourney will be largely auto-filled with:
- Full name and NRIC
- Registered address
- Latest income and CPF contribution history
- Past tax assessments (NOA) for the relevant years
Your task at this stage is to verify everything carefully. As someone who has helped buyers in busy estates like Toa Payoh and Clementi, I’ve seen applications delayed simply because people missed a change of address or mis-declared a small side income.
Check that:
- Your current employer is correctly reflected
- Your contact number and email are updated (for offer notifications)
- Your marital status and number of dependants are accurate – this can affect risk assessment
Step 6: Submit to Multiple Banks with One Click
After confirming your details, you can submit the application and choose to send it to multiple banks at once. This is where Homejourney’s apply multiple banks mortgage feature shines, letting banks compete for you without you re-keying the same information.
In a typical case, your profile may be simultaneously evaluated by:
- DBS Bank
- OCBC Bank
- UOB
- HSBC
- Standard Chartered
- Maybank
- CIMB
- RHB Bank
- Public Bank
- Hong Leong Bank
- Citibank
Homejourney anonymises and standardises your application where appropriate, so banks see the information they need to price your loan, but you do not have to negotiate with each bank individually at the initial stage.
Step 7: Compare Bank Offers Side-by-Side
Once banks have processed your Singpass-powered application, you will start receiving indicative offers and In-Principle Approvals (IPA) through the platform. This is where Homejourney’s comparison interface becomes critical to help you compare bank offers accurately.
You can view key factors across banks, such as:
- Interest type: fixed, floating (SORA-pegged), or hybrid
- Promotional rate for first 2–3 years vs thereafter
- Lock-in period (e.g. 2 or 3 years)
- Free conversion options and repricing fees
- Subsidies for legal and valuation fees
Insider tip: For buyers of resale flats in centrally located estates like Queenstown or Kallang/Whampoa, where price per square foot is higher, a small rate difference of 0.10–0.15% can mean S$50–S$100 a month in savings. Multi-bank comparison is essential to get best mortgage rate over the long term.
Understanding SORA and Interest Rate Trends
Most new floating-rate home loans in Singapore are now pegged to SORA (Singapore Overnight Rate Average), the benchmark interest rate administered by MAS and based on transactions in the overnight unsecured interbank SGD cash market.CNA Property News Fixed-rate packages are still available from major banks, but SORA-pegged loans have become the market standard.
The chart below shows recent interest rate trends in Singapore:
By looking at recent movements, you can decide whether to prioritise the stability of a fixed-rate package, or the potential savings of a SORA-based loan if rates trend lower. Homejourney’s real-time tracking of key benchmark rates helps you time your decisions more confidently.
Documentation Checklist: What Singpass Covers and What It Doesn’t
One benefit of Singpass/MyInfo is that you no longer need to manually upload many documents that used to be required in home loan applications. Banks such as HSBC explicitly support using Singpass/MyInfo to submit supporting documents for loan applications.[5][9]
Typically auto-filled via Singpass/MyInfo:
- NRIC details
- Address registered with government
- Income data via CPF contribution history
- Latest IRAS Notice of Assessment (for tax)
May still be required separately (depending on bank and profile):
- Latest 3 months payslips (for certain variable income or new employment cases)
- Bank statements if you have significant variable or commission income
- Company financial statements (for self-employed / business owners)
- Option to Purchase (OTP) or Sale & Purchase Agreement once you have secured a unit
- Any existing loan statements (e.g. car loan) if not reflected in bureau records
Homejourney’s application flow will highlight any extra documents a particular bank requires. Our mortgage brokers can also advise you if, for example, you are self-employed running a café in Joo Chiat or a logistics business in Tuas, where income can be more irregular and documentation more complex.
What Banks Look At When Assessing Your Singpass Application
Although the Singpass process makes data collection easier, banks still apply their own risk criteria. Based on publicly available guidance and market practice in Singapore, banks commonly consider:
- Income stability: Length of employment, salary consistency, and industry
- Credit history: Your Credit Bureau Singapore (CBS) score, repayment behaviour on existing loans and credit cards[1]
- Debt ratios: Compliance with MAS TDSR and, for HDB buyers, MSR limits
- Property type and location: HDB vs private, lease remaining, and sometimes project-specific criteria
- Age and tenure: Whether the requested loan tenure is within bank and MAS guidelines
