UOB Home Loan Review: Complete vs Other Banks Comparison | Homejourney
UOB home loan packages offer competitive SORA-based rates starting from 3M Compounded SORA + 0.70% p.a. for the first two years, with a 2-year lock-in and minimum loan size of S$250,000, making them attractive for both HDB and private property buyers in Singapore. This UOB home loan review complete vs other banks comparison helps first-time buyers, upgraders, and refinancers evaluate if UOB's UOB fixed rate, refinancing perks, and features beat DBS, OCBC, HSBC, and others. At Homejourney, we prioritize your safety and trust by verifying real-time rates from all major banks, so you can compare confidently on our platform.[2][3]
Why Compare UOB Home Loans with Other Banks?
Choosing the right UOB housing loan or alternative requires understanding Singapore's Total Debt Servicing Ratio (TDSR) limits at 55% of gross income and the Monetary Authority of Singapore (MAS) regulations on loan-to-value ratios up to 75% for HDB flats. UOB, one of Singapore's Big 3 banks since 1935, holds over 25% market share alongside DBS and OCBC. This cluster article builds on our pillar guide, UOB Home Loan Review 2026: Complete Guide | Homejourney ">UOB Home Loan Review 2026: Complete Guide, by focusing on head-to-head comparisons for 2026.[1]
Homejourney makes it simple: visit https://www.homejourney.sg/bank-rates to compare UOB mortgage review rates against all partners instantly, calculate eligibility, and apply via Singpass for faster approvals with less paperwork.
UOB Home Loan Products and Current 2026 Rates
UOB offers SORA Promotional packages for new direct-to-bank customers, ideal for HDB and private properties. Key package: Year 1-2 at 3M Compounded SORA + 0.70% p.a., Year 3 at +0.80%, and Year 4+ at +1.00%, with 2-year lock-in. Minimum S$250,000 loan size applies. Fixed-rate options start around 1.55% for select packages, though promotional SORA beats market averages of 1.30% fixed or 1M SORA +0% floating (min S$500k).[1][2][3][7]
Refinancing perks include up to S$2,500 cash + Takashimaya vouchers (e.g., S$2,000 cash for S$450k+ completed properties). HDB loans mirror private with online exclusives up to S$2,700 rewards, valid till 31 March 2026.[3]
The chart below shows recent interest rate trends in Singapore:
UOB forecasts rates bottoming in Q2 2026, ahead of US Fed cuts, favoring longer lock-ins now.[4]
UOB vs Other Banks: Side-by-Side Rates Comparison
| Bank | Best Fixed Rate (p.a.) | SORA Promo (Years 1-2) | Min Loan | Lock-in |
|---|---|---|---|---|
| UOB | 1.55% | 3M SORA +0.70% | S$250k | 2 years |
| DBS | 1.60% | 3M SORA +0.65% | S$200k | 2 years |
| OCBC | 1.50% | 3M SORA +0.75% | S$300k | 2-3 years |
| HSBC | 1.65% | 3M SORA +0.80% | S$500k | 3 years |
| Standard Chartered | 1.70% | 3M SORA +0.85% | S$400k | 2 years |
UOB edges out on low entry (S$250k) and free conversion after 24 months, but DBS offers slightly better SORA spreads for high earners. Foreign banks like HSBC suit expats with higher min loans.[1][2][7]
Pros and Cons of UOB Home Loans
Pros:
- Fast approvals for strong profiles – IPA often instant with full docs.[1]
- Lowest valuation fee: S$150 + GST for condos up to S$3m (vs S$400-600 elsewhere).[1]
- Legal subsidy (under S$450k) or cash rebates (over S$450k) for refinancing.[1]
- Online gifts: Up to S$2,500 cash + vouchers; 50-100% penalty waivers on sale.[1][2][3]
- Free conversion post-lock-in on select packages.[1]
Cons: Higher spreads post-Year 3 (+1.00%); limited to new direct customers for promos. Maybank/CIMB better for smaller HDB loans under S$200k.[1][2]
Who Should Choose UOB? Actionable Decision Framework
Pick UOB if you're buying a S$1m condo in Punggol or refinancing an HDB in Toa Payoh – low fees save S$300+ on valuation alone. Use this framework:
- Check eligibility on Homejourney's mortgage calculator (TDSR-compliant).
- Compare live rates at https://www.homejourney.sg/bank-rates vs DBS/OCBC.
- For UOB refinance, apply if rates bottom Q2 2026 per UOB forecast.[4]
- Submit one app via Homejourney – get offers from UOB, HSBC, Maybank simultaneously using Singpass.
- Time for promotions ending March 2026.[3]
Best for mid-tier buyers (S$500k-S$1.5m loans); first-timers see our Best Bank for First-Time Home Buyers vs Others: 2026 Comparison | Homejourney ">Best Bank for First-Time Home Buyers vs Others.
UOB Application Process and Timeline
Documents: NRIC, income slips (3 months), CPF statements, property Option to Purchase. Processing: 1-3 days IPA, 2-4 weeks formal approval. Homejourney speeds it up – auto-fill via Singpass, multi-bank submission. See details in UOB Home Loan Review: Complete Application Process & Timeline | Homejourney ">UOB Application Process & Timeline.[1]
Disclaimer: Rates/promos change; not financial advice. Consult Homejourney Mortgage Brokers or MAS-licensed advisors. Data as of Feb 2026.[1][2]
Homejourney: Your Safe Path to the Best UOB or Any Home Loan
At Homejourney, user safety comes first – we verify rates from UOB, DBS, OCBC, and 10+ partners in real-time. Track SORA, apply once for multiple offers, and find properties at https://www.homejourney.sg/search within budget. Post-purchase, maintain with Aircon Services ">aircon services.
FAQ: UOB Home Loan Review Complete vs Other Banks
What is the best UOB fixed rate in 2026?
Promotional fixed-equivalent starts at 3M SORA +0.70% (Years 1-2), around 1.55% effective vs market 1.30-1.70%.[1][2]
Is UOB better than DBS for refinancing?
UOB wins on rebates/gifts and low valuation fees; DBS on lower spreads. Compare on Homejourney.[1]
Can I get UOB home loan for HDB?
Yes, same SORA promos + up to S$2,700 rewards online.[3]
How does UOB UOB refinance compare to OCBC?
UOB: Better min loan/entry; OCBC: Slightly lower fixed. Use our tool.[7]
When to lock UOB rates?
Now, before Q2 2026 bottom per UOB forecast.[4]
Ready for your UOB Home Loan Review Complete vs Other Banks Comparison? Start at https://www.homejourney.sg/bank-rates – compare, calculate, apply securely with Homejourney today. Link back to our pillar for full UOB guide.
