Who Should Choose Comparing Home Loans Across Banks Made Easy
Comparing home loans across banks is essential for first-time buyers, refinancers, HDB upgraders, and property investors in Singapore who want the best mortgage rate and lowest costs. Homejourney makes this process safe and simple with real-time bank loan comparison from DBS, OCBC, UOB, and more, prioritizing your trust and security.
This cluster focuses on who benefits most from comparing home loans Singapore style, linking back to our pillar guide on mastering Singapore mortgages. With SORA rates fluctuating, smart comparison via Homejourney's bank-rates page ensures you secure optimal deals without hassle.
Why Compare Home Loans Across Banks in Singapore?
Singapore's property market demands precise financial planning under TDSR rules from MAS. Rates differ: Maybank offers 2-year fixed at 1.65%, DBS 3M SORA +0.50%, while Standard Chartered matches low spreads[1]. Without comparison, you risk overpaying by thousands monthly on a $1M loan.
Homejourney verifies rates from all major banks like HSBC, Citibank, and CIMB, updating in real-time. Our platform lets banks compete for your business, delivering the best mortgage rate tailored to HDB flats or private condos.
First-Time HDB Buyers: Your Top Reason to Compare
First-time buyers purchasing resale HDB flats in areas like Toa Payoh or Bedok should prioritize compare home loans Singapore. Promo rates start at 1.50% for 2-year fixed on HDB, beating HDB loans at 2.6% (90% CPF Housing Grant peg)[1]. DBS shines for HDB with $2,000 cashback on refinances over $200k, covering fees.
Insider tip: For a $500k BTO in Punggol, compare via Homejourney to lock Maybank's 1.55% fixed vs DBS 1.65%[1]. Use our mortgage eligibility calculator with Singpass for instant TDSR checks.
Refinancers Seeking Lower Rates
Homeowners with existing loans from 2022 high-SORA periods must compare now. Current best: Maybank 3M SORA +0.40%, SCB +0.50%[1]. Refinancing a $800k HDB loan could save $5,000 yearly at 0.20% lower rate.
The chart below shows recent interest rate trends in Singapore:
SORA has stabilized post-2025 peaks, favoring short lock-ins (1-year at Maybank)[1]. Homejourney's multi-bank submission lets you apply once via Singpass, receiving offers from DBS, OCBC, UOB simultaneously.
HDB Upgraders and Private Property Investors
Upgraders moving from 4-room HDB ($600k) to Punggol condo ($1.2M) benefit from bank rate comparison. DBS leads BUC condos with flexible 3M SORA +0.50%[1]. Investors eyeing Sentosa Cove compare fixed vs floating: OCBC 1M SORA +0.65% suits high LTV[1].
Actionable steps: 1) Check eligibility on Homejourney bank-rates. 2) Compare compare mortgage offers side-by-side. 3) Submit via Singpass for fastest approvals (3-7 days).
Key Factors in Bank Loan Comparison
- Rates: Fixed (Maybank 1.65% 2Y) vs Floating (SCB 3M SORA +0.50%)[1].
- Lock-in: Shorter better amid volatility (1Y Maybank).
- Fees: DBS offsets refinance costs with rebates.
- Perks: HSBC for expats, UOB for HDB flexibility.
Table: Top Rates Jan 2026 (Private Property)[1]
Always verify with Homejourney for latest, as rates shift weekly per MAS guidelines.
Homejourney Makes It Safe and Easy
Trust Homejourney for verified compare home loans across banks made easy. No hidden fees, Singpass auto-fill, and brokers guide you. Link to property search post-approval to find homes in budget. See related: Compare Home Loans Singapore: Best Bank Rates 2026.
FAQ: Who Should Compare Home Loans?
Q: Who should choose comparing home loans across banks made easy?
A: First-timers, refinancers, upgraders, and investors save most via Homejourney's tool.
Q: Best bank for HDB refinance 2026?
A: DBS with +0.28% 3M SORA and $2k rebate[1]. Compare all on bank-rates.
Q: Fixed or floating rates now?
A: Fixed for stability (Maybank 1.65%), floating if SORA dips. Use our calculator.
Q: How to apply multi-bank?
A: One form on Homejourney, Singpass login, banks bid. See How to Apply Step-by-Step.
Q: Disclaimer needed?
A: Rates approximate Jan 2026[1]; consult Homejourney brokers. Not financial advice.
Start comparing home loans Singapore on Homejourney today for the best rates safely. Return to our pillar: Mastering Singapore Home Loans for full guide.
