UOB vs DBS Mortgage Comparison 2026: Which is Better vs Other Banks
Neither UOB nor DBS is universally better; UOB edges out for fast approvals and low fees like $150 valuation, while DBS excels in fixed rates and cash rebates up to $2,800 for large loans[1][2][3]. Homejourney helps you compare UOB vs DBS mortgage options instantly against OCBC, HSBC, and 10+ banks at https://www.homejourney.sg/bank-rates for the best fit based on your profile.
This cluster article dives into the UOB vs DBS mortgage comparison, linking back to our pillar guide on Singapore home loans. As Singapore's trusted property platform prioritizing user safety and transparency, Homejourney verifies real-time rates so you make confident decisions without hassle.
UOB Home Loan Overview: Key Strengths for Speed and Savings
United Overseas Bank (UOB), founded in 1935, dominates Southeast Asia with over 500 offices and holds a strong share of Singapore's mortgage market alongside DBS and OCBC[1]. UOB offers fixed-rate packages starting at 1.55% for 3 years and SORA-based floating rates, ideal for HDB and private properties[1].
Standout features include instant approvals for strong-income applicants, legal subsidies for refinancing under $450k, and the lowest valuation fee at $150 + GST for condos up to $3m[1]. UOB also provides up to 50-100% penalty waivers on sale, making it flexible for movers.
DBS Home Loan Overview: Reliability and Competitive Fixed Rates
DBS, Singapore's largest bank, commands the mortgage market with familiar services via POSB integration[2]. It offers 2-year fixed rates at 1.55-1.528% (min $700k/$500k), 5-year fixed at 1.85% for resale HDB, and floating FHR6 at 3.95%[3].
DBS shines with cash rebates: $2,500 for loans over $1m, $2,800 over $1.5m, plus competitive fixed rates backed by its SGD funding pool[2]. It's perfect if you salary-credit with DBS for seamless integration.
UOB vs DBS Mortgage Rates 2026: Side-by-Side Comparison
Current rates (as of Feb 2026) show tight competition. UOB's 3-year fixed starts at 1.55%, DBS at 1.55% for 2 years[1][3]. For floating, DBS FHR6 is 3.95%, while UOB ties market SORA + spreads around 2.178% effective[1][3].
The chart below shows recent interest rate trends in Singapore:
SORA has stabilized post-2025 peaks, favoring fixed-rate locks now[3]. Compare live rates on Homejourney at https://www.homejourney.sg/bank-rates.
| Bank | Fixed Rate (2-3Y) | Min Loan | Key Perk |
|---|---|---|---|
| UOB | 1.55% | $500k | Fast approval, low valuation |
| DBS | 1.55% | $700k | Cash rebate up to $2,800 |
UOB DBS Comparison vs Other Banks: OCBC, HSBC & More
OCBC matches DBS at 2.38% fixed 2Y and SORA +4.30% floating[3]. HSBC offers 1M SORA +4.20%, Maybank 3M SORA +4.15%[3]. Foreign banks like RHB (1.527% 2Y) and BOC (1.50% 3Y) compete on rates but may lack local perks[3].
- Best for speed: UOB's instant IPA beats DBS[1].
- Best rebates: DBS leads[2].
- Lowest fees: UOB's $150 valuation vs market $400-600[1].
- Local banks (UOB, DBS, OCBC) hold 80% market share for reliability[2].
For full local bank mortgage comparison, use Homejourney's tool: calculate eligibility at https://www.homejourney.sg/bank-rates#calculator and apply via Singpass to UOB, DBS, or others simultaneously.
Pros & Cons: Who Should Choose UOB or DBS?
UOB Pros: Quick processing, low costs, sale waivers. Cons: Fewer rebates than DBS[1]. Best for urgent buyers or refinancers under $450k.
DBS Pros: Fixed rate stability, high rebates, Multiplier Account synergy. Cons: Higher min loans[2][3]. Ideal for large loans or existing DBS users.
Refinance tip: Check penalties—UOB often waives, DBS competitive amid 2026 rate cuts[1][2]. See detailed UOB vs DBS rates in UOB vs DBS Mortgage 2026: Rates, Fees & Which is Better? ">UOB vs DBS Mortgage 2026: Rates, Fees.
Application Process & Homejourney Advantages
- Gather docs: Income proof, property docs, Singpass.
- Get IPA: UOB instant, DBS 1-3 days[1].
- Apply multi-bank via Homejourney: One form, banks compete.
- Legal completion: UOB subsidies help[1].
Homejourney streamlines with Singpass auto-fill for faster approvals. Track real-time SORA and submit to DBS, UOB, OCBC at once—let them bid for you. Search budget-fit properties at https://www.homejourney.sg/search.
FAQ: UOB vs DBS Mortgage Common Questions
Is UOB or DBS better for first-time HDB buyers?
UOB for speed/low fees, DBS for rebates. Compare on Homejourney[1][2].
What are current UOB DBS comparison rates 2026?
Fixed ~1.55% both; use our calculator for your scenario[3].
Can I switch from DBS to UOB easily?
Yes, low penalties often waived. Apply via https://www.homejourney.sg/bank-rates.
How does Homejourney make UOB vs DBS comparison safe?
We verify rates, prioritize your data security, and offer broker guidance.
Which bank for condo refinancing?
UOB's low valuation wins; check vs OCBC in our tool.
Disclaimer: Rates fluctuate; not financial advice. Consult professionals. Data from bank sources Feb 2026[1][2][3].
Ready for your UOB vs DBS mortgage decision? Start with Homejourney's free comparison at https://www.homejourney.sg/bank-rates, link to our pillar on Singapore mortgages for full insights, and find properties at https://www.homejourney.sg/search. Trust Homejourney for safe, transparent home financing.
