UOB vs DBS Mortgage Comparison Which is Better vs Other Banks Comparison
DBS often edges out UOB for HDB refinancing with competitive fixed rates like 1.65% p.a. for 2 years and cash rebates up to $2,000, while UOB shines for private properties with flexible SORA-pegged options.
Homejourney makes this UOB vs DBS mortgage decision easy by comparing real-time rates from all major banks in one safe, trusted platform.
Why Compare UOB vs DBS and Other Banks on Homejourney
This cluster dives into the UOB vs DBS mortgage comparison, benchmarking against OCBC, HSBC, Standard Chartered, and more. It supports our pillar guide on Singapore home loans by focusing on tactical rate analysis and application tips.
As Singapore's trusted property platform, Homejourney prioritizes your safety with verified rates and Singpass-enabled applications at https://www.homejourney.sg/bank-rates. First-time buyers and refinancers save thousands by letting banks compete for your loan.[1][4]
Current Mortgage Rates: UOB vs DBS vs Market Leaders (Jan 2026)
Rates are at 3-year lows, with floating SORA packages starting from 3M SORA + 0.30% at Standard Chartered and fixed options from 1.35% across banks.[2][4]
DBS offers HDB fixed rates at 1.65%-1.75% p.a. for 2-3 years, plus FHR6 floating (6-month fixed deposit rate +0.60%), ideal for resale flats.[1][4] UOB provides similar SORA-pegged loans but with slightly higher spreads for private properties, around 3M SORA +0.50%-0.80%.[3]
Compare on Homejourney's real-time tool: https://www.homejourney.sg/bank-rates. Use our mortgage calculator at https://www.homejourney.sg/bank-rates#calculator to see affordability for a $500k HDB loan.
The chart above tracks 6-month SORA trends, showing rates dipping to 0.1332% compounded, boosting floating loan appeal.[1][2]
Rate Comparison Table: Key Packages (Jan 2026)
| Bank | Loan Type | Year 1 Rate | Best For |
|---|---|---|---|
| DBS | 2 Yr Fixed | 1.65% | HDB Refinance |
| UOB | 3M SORA + Spread | ~0.93% | Private Properties |
| OCBC | 2 Yr Fixed | 1.65% | BUC Condos |
| Maybank | 2 Yr Fixed | 1.55%-1.65% | First-Time Buyers |
| HSBC | 2 Yr Fixed | 1.70% | Investors |
Sources: Aggregated from bank offers; DBS leads HDB with rebates covering fees (~$1,800).[4][5] Disclaimer: Rates fluctuate; verify on Homejourney for latest.
UOB vs DBS: Pros, Cons and Who Wins
DBS Strengths
- Largest bank ($646B assets) with stable FHR6 rates validated by MAS.[1]
- $2,000 cashback on refinances over $200k, offsetting fees.[4]
- Green loans at 2.2278% (3M SORA +0.25%) for eco-certified properties.[3]
- Best for HDB: Lower than HDB's 2.6% rate, despite 25% downpayment.[1]
Drawback: FHR6 less transparent than pure SORA.[1]
UOB Strengths
- Competitive for private/EC loans with flexible lock-ins (2-3 years).[3]
- Green loan pioneer, matching DBS incentives.[3]
- Strong customer service for high-net-worth investors.
- Suits upgraders from HDB to condos.
Drawback: Slightly higher spreads on floating rates vs DBS promo deals.[4]
Which is better? DBS for HDB/resale (cheaper fixed, rebates); UOB for private/BUC flexibility. Compare all at Bank Rates .
Local Bank Mortgage Comparison: Beyond UOB/DBS
OCBC matches DBS fixed at 1.65%; Maybank leads promos at 1.55%; SCB offers lowest SORA +0.30%.[4][8] HSBC and Citibank favor investors with longer tenures; Hong Leong for niche fixed needs—see Hong Leong Finance vs Bank Mortgage: Best Rates Guide | Homejourney .
Actionable tip: For a $1.3M condo loan (24 years), DBS FHR6 monthly: $5,430-$5,742 at 1.5-2%.[1] Use Homejourney's multi-bank apply to pit offers.
5 Steps to Choose and Apply via Homejourney
- Calculate eligibility: Free tool at https://www.homejourney.sg/bank-rates#calculator factors income, CPF.
- Compare rates: Instant view of UOB, DBS, OCBC et al. at https://www.homejourney.sg/bank-rates.
- Submit once: Singpass auto-fills; banks compete with best offers.
- Documents: NRIC, payslips, property option—processing 1-3 weeks.[1]
- Refinance smart: No HDB revert; lock low rates now.[2]
Insider tip: Time apps post-SORA dips (track on Homejourney). Link to properties in budget via https://www.homejourney.sg/search.
Homejourney: Your Safe Path to the Best Loan
Homejourney verifies rates daily, ensuring transparency in a volatile market. Unlike HDB's fixed 2.6%, banks offer ~1% savings—but higher downpayments (25% vs 10%).[1][2]
Connect with our mortgage brokers via bank-rates page for personalized advice. See application details in UOB vs DBS Mortgage: Application Process & Timeline | Homejourney .
FAQ: UOB vs DBS Mortgage Comparison
Is DBS or UOB better for HDB loans?
DBS, with 1.65% fixed and rebates—ideal if you meet 25% downpayment.[4]
What are current UOB DBS comparison rates?
DBS 2yr fixed 1.65%; UOB SORA ~0.93% effective. Check Homejourney for updates.[1][4]
Can I switch from HDB to bank loan?
Yes, but no reverse; save now at low rates.[2]
How does Homejourney help with local bank mortgage comparison?
Real-time rates, one-click multi-bank apps via Singpass—safe and fast.
Best for private property: UOB or DBS?
DBS for BUC/green; UOB for flexibility.[3][4]
Ready for the best deal? Start your secure comparison on Homejourney today at https://www.homejourney.sg/bank-rates. Explore our pillar on Singapore home loans for full guidance.
