A home loan is the largest and longest financial commitment most people ever make, and a good mortgage broker can save you a genuinely meaningful amount over its life by finding you a cheaper rate than you would find alone. The best part: in Singapore, a mortgage broker is free to you, because the banks pay them a referral fee. There is no cost to getting expert comparison on your side.
I researched this the way I approach everything in this series, comparing the established advisory firms and the newer comparison platforms on their bank coverage, their transparency, and how well they handle the two moments that matter most: securing a loan when you buy, and refinancing when your lock-in ends. Home loans in Singapore are shaped by rules set by the Monetary Authority of Singapore, which is worth understanding before you borrow.
Below are the eight mortgage brokers and platforms I would trust in 2026, plus the context that matters: why the service is free, and the borrowing rules that cap how much you can take. If you are still assembling your property team, see my guides to the best property agents and best conveyancing lawyers in Singapore.
Key Takeaways
- 1 A mortgage broker in Singapore is free to you. Banks pay them, so their comparison and advice cost you nothing.
- 2 A good broker compares 100+ loan packages across every bank in one go, which is hard to do yourself.
- 3 Redbrick and MortgageWise are the established advisory names; comparison platforms like Roshi and MoneySmart suit early research.
- 4 Your loan is capped by MAS rules: TDSR, MSR for HDB, and a maximum Loan-to-Value. Check current limits on the MAS site.
- 5 Brokers are most valuable at two moments: buying a home, and refinancing when your lock-in period ends.
Why a mortgage broker is free (and worth using)
The economics confuse a lot of first-time borrowers, so here is the plain version of how a mortgage broker works and why you should use one.
- The bank pays the broker. When your loan is booked, the bank pays the broker a referral fee. You pay nothing, and you do not get a worse rate for using one. Often you get a better one, because brokers see promotional and deviated rates in real time.
- They compare every bank at once. A good broker lays 100 or more loan packages from DBS, OCBC, UOB, Citibank, HSBC, Maybank, Standard Chartered and others side by side, something that would take you days of appointments to replicate.
- They know the fine print. Lock-in periods, legal subsidy clawbacks, free conversion terms, and the difference between a fixed and a SORA-pegged floating rate all matter, and a good broker translates them.
- They shine at refinancing. When your lock-in period ends, a broker checks whether refinancing to another bank or repricing with your current one saves you money, which it often does.
Before you borrow, it also pays to understand the limits set by MAS, and how using your CPF affects the loan, which you can read on the CPF Board site.
The borrowing rules that cap your loan
How much you can borrow is not just about your income. A few MAS rules set the ceiling, and a good broker structures your loan around them.
- Total Debt Servicing Ratio (TDSR). Your total monthly debt repayments, including the new mortgage, are capped as a share of your gross monthly income. This is the main limit for private property.
- Mortgage Servicing Ratio (MSR). For an HDB flat or an Executive Condominium, your mortgage repayment is separately capped as a share of income, on top of TDSR.
- Loan-to-Value (LTV). A bank loan funds only up to a set percentage of the property price, so you need the balance as a downpayment, part of which must be in cash.
- HDB loan versus bank loan. HDB flats can be financed by an HDB concessionary loan (via an HDB Flat Eligibility letter) or a bank loan, and the choice affects your rate, downpayment and flexibility.
The exact percentages are revised from time to time, so confirm the current TDSR, MSR and LTV limits on the MAS website. A good broker will work out your real borrowing capacity under these rules before you commit to a property.
1. Redbrick Mortgage Advisory
Redbrick is my top pick, and the name I would start with. Founded in 2013, it has grown into one of Singapore's largest and most established mortgage advisory firms, and it reports having helped more than 50,000 homeowners secure or refinance a home loan. Its advisers compare well over 100 loan packages across all the major banks, so you see the whole market in one conversation.
The scale matters because it means experience: Redbrick's advisers handle a high volume of cases and know how each bank assesses an application, which helps when your situation is not textbook. For both a new purchase and a refinancing, it is the broker I would call first.
Website: redbrick.sg
Founded: 2013, 50,000+ homeowners served
Best known for: Singapore's largest independent mortgage advisory
2. MortgageWise
MortgageWise is my other top advisory pick, and it is especially strong on getting you the sharpest current rate. Operating since 2014 with thousands of clients, it prides itself on real-time access to deviated and promotional rates from its partner banks, which can beat the advertised numbers, and on keeping its published rate comparisons genuinely up to date.
For a borrower who is rate-focused and wants an adviser who lives in the daily movements of the mortgage market, MortgageWise is an excellent choice. It is a natural firm to get a second quote from alongside Redbrick, since comparing two brokers costs you nothing.
Website: mortgagewise.sg
Operating since: 2014
Best known for: Real-time deviated rates and up-to-date comparisons
Recommended reads
3. Dollarback Mortgage
Dollarback Mortgage earns its place on transparency and borrower-friendly perks. It was founded to demystify the mortgage process and make the rate information banks used to keep close genuinely accessible, and it backs that up with clear guides and comparisons. It also passes value back to clients through cash rewards and discounted conveyancing legal fees via partner firms.
For a first-time buyer who wants to understand what they are signing, and pick up a bit of extra value in the process, Dollarback is a strong, approachable option. Its educational content is genuinely useful even before you speak to an adviser.
Website: dollarbackmortgage.com
Best known for: Transparent guidance plus cash rewards and legal-fee perks
4. iCompareLoan
iCompareLoan is my pick for the research-stage borrower who wants to see the numbers before speaking to anyone. It runs a well-regarded loan comparison platform that lets you lay bank home loan packages side by side, and it holds a strong Google rating across a couple of hundred reviews, which is a good sign for a comparison service.
It pairs the self-serve comparison tools with access to mortgage brokers when you are ready to proceed, so it works both for a quiet early look and for an assisted application. If you like to do your homework first, iCompareLoan is a useful starting point.
Website: icompareloan.com
Best known for: Side-by-side home loan comparison for early research
5. SingCapital
SingCapital is a licensed financial advisory firm with a dedicated mortgage broking arm, and I include it for borrowers who want their home loan considered as part of a wider financial picture. Because it advises across insurance and investments as well as mortgages, it can be a good fit if you want joined-up advice rather than a loan in isolation.
Its advisers compare across the banks like any broker, with the added context of your broader finances. For a borrower who values that holistic approach, SingCapital is a credible, established choice.
Website: singcapital.com.sg
Best known for: Mortgage broking within holistic financial advice
Contact SingCapital directly
6. Roshi
Roshi is my pick among the newer, tech-led comparison marketplaces. It uses technology plus loan experts to match you with suitable home loan options across licensed banks, and it leans into independence and fact-checked content, which is exactly what you want when you are weighing up rates.
For a borrower who prefers a modern, self-directed platform with expert support on tap, Roshi is a strong option, particularly at the comparison and shortlisting stage. It is a good complement to a traditional adviser if you like to see the landscape yourself first.
Website: roshi.sg
Best known for: A tech-led, independent loan comparison marketplace
7. MoneySmart
MoneySmart is one of Singapore's best-known financial comparison platforms, and its home loan section is a solid starting point for research. It lets you compare home loan rates across banks and connects you with mortgage specialists when you are ready to proceed, all within a familiar, consumer-friendly interface.
Because so many Singaporeans already use MoneySmart for cards and savings, it is a natural place to begin a home loan comparison. For an early-stage borrower who wants a quick, trusted overview of the market before engaging an adviser, it does the job well.
Website: moneysmart.sg
Best known for: A trusted, consumer-friendly home loan comparison
8. PropertyGuru Finance
PropertyGuru Finance rounds out the list, and its advantage is integration with the portal where most Singaporeans already search for property. It offers mortgage comparison and advisory alongside listings, so you can move from finding a home to financing it in one connected journey, with mortgage experts on hand.
For a buyer who is already deep in a property search on PropertyGuru, using its finance arm to line up the loan is a convenient, joined-up option. It is a sensible choice if you value having the search and the financing under one roof.
Website: propertyguru.com.sg
Best known for: Mortgage advisory integrated with property search
Frequently asked questions
How much does a mortgage broker cost in Singapore?
Nothing, in almost all cases. Mortgage brokers in Singapore are paid a referral fee by the bank when your loan is booked, so their comparison and advice are free to you. You do not get a worse rate for using a broker, and you often get a better one because brokers have access to promotional and deviated rates. Always confirm there are no fees upfront, but the standard model is free to the borrower.
Is it better to use a mortgage broker or go to the bank directly?
A broker almost always saves you time and often money, because they compare every bank at once rather than pitching a single lender's products. A bank can only offer its own packages. Since the broker is free, there is little downside to using one, though it is still worth checking your own bank's loyalty or repricing offers as part of the comparison.
When should I refinance my home loan?
Usually when your lock-in period ends, typically after two or three years, or when interest rates have moved enough that a switch saves you money after costs. A broker can check whether refinancing to another bank or repricing with your current one is worthwhile. It is one of the easiest ways to cut your monthly repayment, and a good broker will flag the right moment.
How much can I borrow for a home in Singapore?
Your loan is capped by MAS rules: the Total Debt Servicing Ratio limits your total debt repayments as a share of income, the Mortgage Servicing Ratio applies additionally to HDB flats and Executive Condominiums, and the Loan-to-Value ratio limits the loan to a percentage of the property price, with a minimum cash downpayment. The exact figures are revised periodically, so confirm the current limits on the MAS website or with a broker.
Should I choose a fixed or floating home loan rate?
A fixed rate gives you certainty for the lock-in period, which suits borrowers who value predictable repayments. A floating rate, usually pegged to SORA, moves with the market, and can be cheaper when rates fall but riskier when they rise. The right choice depends on your risk appetite and the rate outlook, which is exactly the kind of judgment a good broker helps with.
Need a website for your advisory business?
Mortgage and financial advice is a trust business, and borrowers vet you online before they ever send an enquiry. The advisers who show up with a clear, credible, fast website win those leads. If your site is not doing that, that is the part I help with.
I build fast, search-optimised websites for Singapore advisory and professional-services firms, with the clear service pages, rate tools and local SEO that turn searches into enquiries you own. A well-built site lets an independent adviser compete with the big platforms on being found and trusted.
Want the same for your business? Get a quote, or read more about my web design and SEO services.
The best mortgage broker in Singapore is the one that compares the whole market for you, at no cost, and explains the fine print. For established advisory, start with Redbrick or MortgageWise, with Dollarback and SingCapital as strong alternatives. For self-directed comparison at the research stage, iCompareLoan, Roshi, MoneySmart and PropertyGuru Finance all help you see the landscape.
Whichever you use, get quotes from more than one since it is free, understand your borrowing limits under the MAS rules, and remember to revisit refinancing when your lock-in ends. For the rest of your property team, see my guides to the best property agents and the best conveyancing lawyers in Singapore.
The Terris in Terris Recommends
Terris
Chief Recommender · I do the digging so you don't have to
Terris is a Singapore-based web designer and digital strategist who has spent 8+ years building websites for local businesses. His Terris Recommends series shares personal picks for the best service providers across Singapore, informed by his experience working with businesses across industries.
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