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For an HDB resale flat in Singapore, the “best” bank depends on your priority: **predictability (Fixed)** or **maximum interest savings (SORA Floating)**.

Here are the top banks currently recommended for resale purchases:

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### 1. DBS / POSB (Best for Stability & Ecosystem)

* **Strengths:** Market leader in HDB financing with low minimum loan thresholds.
* **Key Packages:** Offers competitive **2-Year Fixed** packages (typically ~1.45%–1.65% p.a.) alongside SORA options.
* **Perks:** Easily links with POSB/DBS Multiplier to boost your savings interest. If you want rate certainty while transitioning into homeownership, DBS fixed rates are very popular.

### 2. OCBC (Best for Flexibility & SORA Floating)

* **Strengths:** Highly transparent rate structures and popular **Eco-Care / Green Home Loan** incentives.
* **Key Packages:** Competitive **3M SORA-pegged** floating packages (effective ~1.30%–1.45% p.a.).
* **Perks:** Often comes with a **1x Free Conversion** feature during the lock-in period, allowing you to switch to another package if rates fluctuate. Pairs well with the OCBC 360 account.

### 3. UOB (Best for Self-Employed / Variable Income)

* **Strengths:** UOB’s credit underwriting team is widely known to be practical and flexible when evaluating **commission-based earners, business owners, and variable salaries**.
* **Key Packages:** Very competitive **2-Year and 3-Year Fixed** packages (often matched closely against DBS).
* **Perks:** Pairs with the UOB One Account (up to S$150k deposit tier) for high bonus interest.

### 4. Maybank & Standard Chartered (Best for Rate-Chasers)

* If your loan quantum qualifies (often S$300k–S$500k+), foreign banks like **Maybank** and **StanChart** frequently run tactical promotions offering spreads as low as **3M SORA + 0.20%–0.30%** or subsidized legal fees.

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### Which Should You Pick?

* **Take a 2-Year Fixed Package** if you want exact, locked-in monthly instalments so you can manage renovation and baby expenses with zero rate shock.
* **Take 3M SORA Floating** if you want the absolute lowest monthly interest today and have holding power if benchmark rates fluctuate.

*Note:* Obtain **In-Principle Approvals (IPA)** from 2–3 banks (e.g., DBS + UOB) before exercising your Option to Purchase (OTP). IPAs are free and do not lock you in.

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Gan Eng Joo Onassis 颜荣裕, REALTOR®

MSc BIT (Middlesex, UK); BBA (UniSA)

CEA Reg No: R021244C | Mobile: (+65) 88899918 

Email: onassis@sgagent.com

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Hi, appreciate your sharing over PropertyGuru, able to do a purchase breakdown for you to decide before proceeding next move. Likewise, able to double check looking for HDB or private condo purchase?
Looking forward to assist you at WhatsApp +65 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart
PropNex Senior Associate Division Director Read More

Do you have any existing banking relationship with any banks? Essentially the rates between all the banks are quite competitive and it will likely boil down to the quantum of loan you are getting and also any existing relationships and investments.

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I have been in the real estate business since 2009, with more than 15 years of experience serving the Singapore real estate market. Check out the EdgeProp featured article on myself recently at https://www.edgeprop.sg/property-news/geryl-lim-leading-landed-real-estate-heart-hustle-and-harmony

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 15,900 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

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My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

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Drop me a message via my contact below, I can share what are the different rates across all the banks, and also help you unlock special access to lower interest rates :)

Kay Cloud
The Harvard Educated Agent
Propnex Realty Pte Ltd
cloud@propnex.com
Tel: (+6.5.) 8.5.6.7.4.5.8.5
Whatsapp -> https://wa.me/6585674585 Read More

Hi do contact me at 97970200  to understand more and discuss.

Mark, your RIGHT choice
Propnex Read More

Hi,
I would be glad to assist you.
Feel free to contact me at
wa.me/6597100155
Hope to hear from you soon.
Pei Mobile: (65) 9 7 1 0 0 1 5 5.
Email: peicheng.tan@propnex.com
Associate Group Director
Propnex Realty Pte Ltd Read More