UOB vs DBS Mortgage Comparison Which is Better vs Other Banks Comparison
Neither UOB nor DBS is universally better; DBS edges out with slightly lower fixed rates starting at 1.55% for 2 years and stronger net interest margins (2.08% in 1H 2025), while UOB offers higher dividend yields (5.11% TTM) appealing to investors and competitive loan growth (4% YoY).[1][2][3]
Homejourney prioritizes your safety in property decisions by verifying real-time rates from all major banks. This cluster dives into UOB vs DBS mortgage specifics, linking back to our pillar guide on Singapore home loans for comprehensive coverage. Compare instantly on Homejourney's bank rates page.[1][3]
UOB vs DBS: Bank Overviews and Market Position
DBS, Singapore's largest bank, holds a dominant position with the biggest pool of SGD funds, enabling competitive fixed rates via its Fixed Deposit Home Rate (FHR).[3] It commands premium valuations (P/B 2.39) due to resilient margins and innovations like FHR pegging.[1][3]
UOB focuses on regional ASEAN lending, showing 4% YoY loan growth in 1H 2025, but has a higher NPL ratio (1.6%).[1] It trades at value prices (P/B 1.19, forward P/E 10.67), making it attractive for cost-conscious borrowers.[1]
Both local giants control 80% of Singapore's mortgage market alongside OCBC. Homejourney lets you compare UOB DBS with OCBC, HSBC, and others in one dashboard for transparent decisions.[1][3]
Current Mortgage Rates: UOB vs DBS vs Other Banks 2026
As of early 2026, DBS offers 2-year fixed at 1.55%-1.528% (min S$700k-S$500k), transitioning to 3M SORA +1.00% after lock-in with 100% penalty waiver on sale.[3][4] UOB rates align closely, often matching market lows from 1.11% for top packages across banks.[2]
Compare key rates:
| Bank | Fixed Period | Year 1-2 Rate | Post-Lock Rate | Min Loan |
|---|---|---|---|---|
| DBS | 2 Years | 1.55% | 3M SORA +1.00% | S$700k |
| UOB | 2-3 Years | ~1.50% | 3M SORA +0.32% (opt) | S$500k |
| OCBC | 2 Years | 1.50%-2.38% | 3M SORA +4.30% | S$500k |
| HSBC | 2 Years | ~2.178% | 1M SORA +4.20% | S$500k |
Rates sourced from market comparisons; DBS leads fixed stability, UOB offers flexible switches.[2][3][4] Track live rates on Homejourney bank rates.
Interest Rate Trends Impacting Choices
SORA remains the key benchmark for floating rates post-lock-in. DBS's FHR provides stability vs SORA volatility.[3]
The chart below shows recent interest rate trends in Singapore:
With rates softening, fixed options like DBS's 1.55% suit risk-averse buyers, while UOB's value play appeals amid 9% OCBC loan growth divergence.[1][4]
Pros and Cons: UOB vs DBS Mortgage Comparison
- DBS Pros: Lowest fixed rates (1.55%), FHR stability, Multiplier bundling for salary credits, 100% sale penalty waiver. Best for HDB upgraders.[3]
- DBS Cons: Higher min loan (S$700k), modest 3% loan growth.[1][3]
- UOB Pros: Higher yield (5.11%), regional flexibility, lower valuations for refinancing. Ideal for investors.[1]
- UOB Cons: Higher NPL (1.6%), NIM dip to 1.96%.[1]
Vs others: OCBC strong growth (9% YoY), HSBC/Standard Chartered for expats with 1M SORA +4.20%, Maybank low entry (S$100k).[1][4] Use Homejourney's calculator at mortgage eligibility tool to assess fit.
Local Bank Mortgage Comparison: UOB, DBS, OCBC vs Foreign Banks
Local banks (UOB, DBS, OCBC) offer better fixed rates and HDB integration vs foreign (HSBC, SCB) higher spreads.[4] See Local vs Foreign Bank Mortgage: DBS OCBC UOB vs HSBC SCB 2026 for details.
Actionable Steps on Homejourney:
- Visit bank-rates for local bank mortgage comparison.
- Input income/debt for eligibility – Singpass auto-fills.
- Submit one app; get offers from DBS, UOB, OCBC, HSBC simultaneously.
- Match to properties via property search.
Refinance? DBS suits stability, UOB value. Check UOB vs DBS Mortgage 2026: Which is Better? Homejourney Guide .
Application Process and User Experience
Both require IC, income docs, property details; DBS processes faster via digibank (2-4 weeks), UOB strong customer service.[3] Homejourney's multi-bank system uses Singpass for 1-click apps, faster approvals.
Pro tip: Time apps post-SORA dips per chart. Post-purchase, maintain via Aircon Services . Disclaimer: Rates fluctuate; consult Homejourney brokers. Not financial advice.
FAQ: UOB vs DBS Mortgage Common Questions
What is the current UOB vs DBS mortgage rate in 2026?
DBS 1.55% fixed 2Y, UOB ~1.50%; verify live on Homejourney.[3][4]
Which is better: UOB or DBS for first-time buyers?
DBS for fixed stability; calculate on our tool.[3]
UOB DBS comparison for refinancing?
UOB for value if rates fall; compare packages via Homejourney.[1]
How does OCBC compare to UOB DBS?
OCBC 9% growth but NIM compression; full vs here: Local vs Foreign Bank Mortgage Singapore: DBS OCBC UOB vs HSBC SCB Guide | Homej... .[1]
Best way to apply for UOB or DBS mortgage?
Use Homejourney: One app, multiple offers, Singpass integration.
Ready for the best deal? Head to Homejourney bank-rates for UOB vs DBS mortgage comparison which is better vs other banks. Link back to our pillar on Singapore mortgages for full insights. Homejourney ensures trusted, verified guidance every step.
