Compare bank home loans Singapore
Compare Bank Home Loans Beyond the Headline Rate.
Buying an HDB flat, condo or private home? Refinancing an existing mortgage? Singapore Home Services helps you compare relevant bank home-loan packages and understand the terms that can affect the real cost of your mortgage.
- New purchase and refinancing
- HDB and private property
- Fixed and floating structures
- No made-up “best rate” promises
What actually deserves comparison
A bank mortgage is more than one interest-rate number.
The package that looks cheapest today may not be the package that fits your plans. Compare how the loan behaves while you own it.
Bank rates and promotions change. SHS therefore does not hard-code an anonymous “best rate” table that can become stale or may not apply to your property, loan size or borrower profile.
Interest-rate structure
Check whether the package is fixed or floating, what benchmark or internal reference applies, and what happens after the initial pricing period.
Lock-in period
A lower initial rate can come with restrictions. Review what may happen if you sell, refinance, redeem or make a large repayment during the lock-in.
Partial repayment terms
If you expect bonuses, sale proceeds or excess CPF/cash, check how much you can prepay and whether notice or charges apply.
Repricing and refinancing flexibility
Understand your options after the initial period. Staying with the same bank and moving to another bank involve different processes and costs.
Fees, subsidies and clawbacks
Legal subsidies, valuation arrangements, cash rebates and other benefits may have conditions. Compare the value after those conditions are considered.
Property and borrower fit
Loan size, property type, existing housing loans, income profile and lender assessment can affect which packages are actually available to you.
Singapore mortgage lenders
Which banks offer home loans in Singapore?
Several banks currently publish residential mortgage products in Singapore. Their available packages, pricing, minimum loan sizes and eligibility criteria can differ.
DBS
DBS currently publishes home-loan products for HDB and private property, including fixed and floating package structures.
OCBC
OCBC currently publishes home-loan solutions covering HDB and private-property purchases, refinancing and repricing.
UOB
UOB currently publishes HDB and private home-loan products, including purchase and refinancing journeys.
Maybank
Maybank currently publishes residential mortgage information for Singapore properties, including HDB home loans.
Standard Chartered
Standard Chartered currently publishes mortgage products in Singapore, including home-loan and repricing solutions.
Other participating FIs
For HDB's integrated loan service, the current participating institutions include DBS, Hong Leong Finance, Maybank, OCBC and UOB.
Important: This is not a ranking and does not mean SHS has access to every lender listed. We compare relevant packages from the banks we work with. Lender availability, product availability and approval depend on the specific application.
Fixed vs floating bank home loans
Choose the structure you understand — not the label that sounds safer.
MoneySense identifies fixed-rate and floating or variable-rate loans as the two main bank home-loan structures. Each behaves differently when market rates change.
More certainty during the fixed period
The applicable rate stays fixed during the stated fixed-rate period. That can make budgeting easier, but the loan usually moves to a variable structure after the fixed period ends.
A fixed package also does not automatically benefit when market rates fall during that fixed period.
Pricing can move with the reference rate
Floating loans may be tied to a benchmark such as compounded SORA or another bank-determined reference mechanism, depending on the package.
If the applicable reference rate changes, your mortgage rate and repayment can change as well.
Bank home loan comparison checklist
Use the Letter of Offer to compare the package properly.
The headline rate gets attention. The terms around it determine what happens when your circumstances change.
| Compare | What to ask | Why it matters |
|---|---|---|
| Rate | What is the rate now, how long does it apply, and what determines the rate afterwards? | Promotional pricing can change after the initial period. |
| Reference rate | Is it fixed, SORA-linked or based on another bank reference? | You need to understand what can cause the rate to move. |
| Lock-in | How long is the lock-in and what events trigger charges? | Selling or refinancing early may be expensive under some packages. |
| Partial repayment | Can you reduce principal during the lock-in and under what conditions? | Important if you plan to use cash, CPF or sale proceeds to reduce debt. |
| Legal / valuation support | What is subsidised and are there clawback conditions? | A benefit today can become a repayment obligation if you exit early. |
| Repricing | What options might exist if you stay with the bank later? | Useful when comparing the cost of staying versus refinancing. |
| Minimum loan size | Does the package require a minimum mortgage amount? | Some packages may not apply to smaller outstanding balances. |
| Effective cost | What are the relevant fees and the effective interest implications? | Do not assess a mortgage from one advertised percentage alone. |
Compare by your situation
The right comparison changes with the property and purpose.
Use the more specific SHS pages when your decision needs deeper HDB, condo or refinancing guidance.
Buying your first or next home?
Start with the broader purchase-financing journey, then narrow the comparison by property type.
Explore new home loans →Comparing HDB and bank financing?
Understand HFE, downpayment, CPF, MSR and the one-way switch from HDB financing to bank financing.
Explore HDB home loans →Buying a condo or private home?
Review LTV, TDSR, cash downpayment and private-property mortgage considerations.
Explore condo home loans →Looking to refinance?
Compare moving banks against repricing with your existing lender, including break-even and lock-in considerations.
Explore home loan refinancing →Still deciding between HDB and bank financing? Read our HDB loan vs bank loan comparison.
How the “best bank” changes
Three buyers can receive three different useful comparisons.
These are illustrative decision scenarios, not fabricated SHS client results.
HDB buyer prioritising cash flow
A buyer may compare a bank package against HDB financing while paying close attention to the 5% cash requirement, CPF usage and monthly affordability. A low bank rate does not remove those upfront considerations.
Condo buyer expecting to sell in a few years
A long lock-in may matter more than a small difference in today's rate if the buyer expects to sell or restructure the mortgage before the lock-in ends.
Homeowner refinancing a large balance
A homeowner should compare the new package against repricing with the current bank, then include legal costs, subsidies, clawbacks and the time needed to recover switching costs.
How SHS helps
Turn a long list of mortgage packages into a shorter decision.
The objective is not to overwhelm you with every possible product. It is to identify relevant options and help you understand what you are comparing.
Start with your property and loan purpose
Tell us whether you are buying or refinancing, the property type, approximate loan amount and timeline.
Clarify what matters to you
Rate certainty, flexibility, cash flow, expected holding period and repayment plans can change which package deserves attention.
Compare relevant packages
SHS reviews relevant mortgage options from multiple banks we work with. Availability depends on the application and current lender offerings.
Understand the conditions
Review rate structure, lock-in, partial repayment, repricing, subsidies and other relevant terms before choosing.
Proceed with your chosen lender
The bank completes its own assessment and determines the final approval, loan amount, pricing and Letter of Offer.
Why compare through Singapore Home Services?
A bank can explain its own package. Your decision may need a wider view.
SHS is not a bank and does not make the lending decision. Our role is to help you compare relevant mortgage options and make the terms easier to understand.
Compare more than one lender
Start from relevant options across multiple banks we work with rather than assuming the first quote is automatically the right fit.
Understand the fine print
We focus on the conditions that can change the real experience of the loan: lock-in, repricing, partial repayment and exit terms.
No fake “best bank” ranking
There is no lender that is always best for every property, loan size, borrower and market environment.
No stale anonymous-rate table
We do not pretend an old website rate is a current personalised quote. Mortgage pricing must be checked at the time of comparison.
Property-specific guidance
HDB, condo, landed-property and refinancing decisions involve different rules and practical considerations.
You keep the final decision
We help make the comparison clearer. You decide which lender and package you are comfortable proceeding with.
Bank home loan FAQs
Questions people ask before choosing a bank mortgage.
There is no bank that is always best for every borrower. Pricing, package structure, loan size, property type, lock-in conditions and lender assessment can all change the answer. Compare the packages that are actually available for your situation.
Current residential mortgage providers include banks such as DBS, OCBC, UOB, Maybank and Standard Chartered. For HDB's integrated loan service, HDB currently lists DBS, Hong Leong Finance, Maybank, OCBC and UOB as participating financial institutions. Product availability can differ by property and application.
Not automatically. Check how long the rate applies, the rate after the initial period, lock-in conditions, fees, subsidies, partial repayment rules and what happens if you refinance or sell.
A fixed-rate package keeps the applicable rate fixed during its stated fixed period. A floating or variable package changes according to its reference rate or pricing mechanism. The better fit depends on your preference for certainty, flexibility and rate risk.
No. MoneySense notes that floating loans may be tied to SORA or a rate determined by the bank. Current bank offerings can also use other disclosed reference mechanisms. Always check the exact pricing formula in the package and Letter of Offer.
CPF Ordinary Account savings can be used for eligible housing payments and bank-loan instalments, subject to CPF housing rules and applicable limits. The process differs depending on whether the property is HDB or private residential property.
Under the standard 75% bank-loan structure for an HDB purchase, CPF's current guidance states that the 25% downpayment includes 5% payable in cash, with the remaining 20% payable using cash and/or CPF OA savings, subject to applicable requirements.
It is a period during which certain actions such as refinancing, redemption or repayment may attract charges under the package terms. The exact conditions vary by lender and package, so review the Letter of Offer carefully.
Repricing means switching to another package with your existing bank. Refinancing means moving the mortgage to another lender. The cost, paperwork and package choices differ, so compare both where relevant.
HDB currently states that buyers can apply early for an In-Principle Approval from one or more participating financial institutions through its integrated loan service. A valid Letter of Offer is required at the relevant purchase stage.
No. SHS helps customers understand and compare relevant mortgage options. The bank determines final eligibility, approval, loan amount, pricing and terms based on its assessment.
Share whether you are buying or refinancing, your property type, approximate loan amount and basic contact details. This gives us enough context to start discussing relevant options without asking for sensitive credentials at the first step.
Compare the mortgage package you will actually live with.
Tell us what you are buying or refinancing. We will help you compare relevant bank home-loan options and understand the terms before you choose a lender.