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Affiliate partnership with Redbrick Mortgage Advisory gives SingSaver users bank-by-bank rate comparison and advice through to application
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The launch takes SingSaver into Singapore’s largest household debt category, worth S$296.4 billion, where the gap between bank home loan rates and the HDB concessionary rate of 2.6% can add up to hundreds of dollars a month for borrowers
SingSaver, Singapore’s leading personal finance comparison platform and part of Nasdaq-listed MoneyHero Group (NASDAQ: MNY), today launched a Home Loans comparison category in partnership with Redbrick Mortgage Advisory. The launch takes SingSaver into the largest category of household debt in Singapore and extends its product suite beyond credit cards, personal loans, insurance and brokerage.
Under the partnership, SingSaver contributes its brand and high-intent user base, connecting Singaporeans researching home loans with Redbrick’s comparison and advisory service. Redbrick manages the underlying bank panel and broker relationships, handling the process from comparison through to application.
Home loans represent Singapore’s single largest household debt category. Outstanding home loans reached S$296.4 billion in the first quarter of 2026. This accounted for approximately 71% of total household debt. The balance has grown for ten consecutive quarters, according to data released by the Department of Statistics (SingStat) and the Monetary Authority of Singapore (MAS).
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A Shifting Rate Environment
The partnership lands at a point when the cost of not comparing has become easy to quantify. Three-month compounded Singapore Overnight Rate Average (SORA), the benchmark banks use to price most floating-rate mortgages, stood around 1.19% in mid-September 2026. Bank mortgage packages have followed suit, with rates across major lenders now well below the HDB concessionary rate of 2.6%, which has not changed since Q2 of 2026.
For a borrower with S$800,000 outstanding, the difference between 2.6% and 1.4% is roughly S$454 a month, or about S$5,400 a year. On a S$300,000 HDB loan, it is closer to S$170 a month. That arithmetic is driving a refinancing wave, concentrated among HDB flat owners whose lock-in periods have expired and who are comparing bank packages for the first time.
“Home loans are the single biggest financial commitment most Singaporeans will make, yet the market has stayed fragmented and hard to compare. Redbrick is one of the most established names in mortgage advisory in Singapore, and this partnership closes a genuine gap in our platform at a time when falling rates are pushing more homeowners to actively shop around,” said Ayush Goyal, Managing Director at SingSaver.
“Redbrick’s role has always been to give Singaporean homeowners impartial, expert guidance through one of the biggest financial decisions they will make. This partnership puts that guidance in front of a much wider pool of homeowners, right at the point they start comparing their options, and lets more people access the high standard of advice we’ve built our name on,” said Eugene Huang, Co-founder and director of Redbrick Mortgage Advisory.
The launch builds on growth SingSaver has already seen in higher-ticket lending, including its personal loans and brokerage categories, and positions the platform in one of the largest consumer lending markets in Singapore.
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