SingSaver launches home-loan comparison category as Singapore debt reaches S$296.4 billion

  • SingSaver launched a Home Loans comparison category with Redbrick Mortgage Advisory.
  • S$296.4 billion in home loans represented about 71% of household debt in Q1 2026.
  • The category is live on SingSaver’s website and covers comparison through application.

SingSaver, Singapore’s personal finance comparison platform and part of Nasdaq-listed MoneyHero Group, has launched a Home Loans category through a partnership with Redbrick Mortgage Advisory. The service compares mortgage packages across banks and provides advice through to application, with Redbrick managing its bank panel and broker relationships. The move targets Singapore’s largest household debt category, with outstanding home loans reaching S$296.4 billion in the first quarter of 2026, about 71% of total household debt. Three-month compounded SORA (Singapore Overnight Rate Average), a benchmark for floating-rate mortgages, was around 1.19% in mid-September 2026, while major-bank mortgage rates were below the unchanged HDB concessionary rate of 2.6%. The release says the rate gap can save borrowers roughly S$454 a month on an outstanding S$800,000 loan, or about S$170 monthly on a S$300,000 HDB loan. SingSaver Managing Director Ayush Goyal said the partnership addresses a fragmented mortgage market as falling rates encourage homeowners to compare options. Redbrick Co-founder and director Eugene Huang said the deal would expand access to the firm’s advisory service. The category is live on SingSaver’s website, while MoneyHero cautioned that statements about anticipated partnership benefits and expansion are subject to risks and uncertainties.

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