IQrate is an AI-powered mortgage loan and finance app serving homeowners in Singapore, built around comparing home loan and refinancing packages across multiple banks and financial institutions. The platform also offers car insurance quotes, and its SmartMatch AI is designed to find users the best and lowest available mortgage rate offers.
IQrate's service is free for homeowners: rather than charging borrowers, the platform is compensated by banks when a home loan is successfully disbursed through it, acting as a distribution partner rather than a fee-charging advisor. Users can apply themselves through iApply or engage an IQrate specialist through iRefer, with features like iTrack (monitoring refinance eligibility and calculating potential savings) and iCalculate (a suite of mortgage calculators) supporting the process along the way. A cash rewards programme also rewards users for successful loan applications completed through the platform.
IQrate covers three main homeowner journeys: buying a new property, refinancing an existing home loan for better savings, and unlocking equity from a property without selling it. Each comes with benefits including exclusive rate access, dedicated personalised support, free home content insurance, and a no-obligation, no-hidden-fees policy. The company also publishes educational articles on topics like TDSR, BTO flat applications and home loan tenure, and separately recruits independent mortgage brokers to join its platform.
IQrate positions itself as an all-in-one AI-powered mortgage loan and finance app for Singapore homeowners, built to take the guesswork out of comparing home loan rates across banks. Rather than approaching one lender at a time, IQrate compares packages across multiple banks and financial institutions simultaneously, using its SmartMatch AI to surface the best and lowest available offers for a given situation.
One of IQrate's clearest selling points is how it's paid: homeowners don't pay IQrate any fees for mortgage advisory services. Instead, IQrate works with banks and financial institutions as a distribution partner, and when a home loan is successfully disbursed through the platform, the bank compensates IQrate directly. This lets the company offer rate comparisons, professional mortgage advice and loan structuring support without charging the borrower extra - and since IQrate is comparing multiple lenders at once, banks are incentivised to offer more competitive packages to win the business.
IQrate's core offering covers three homeowner scenarios. For those buying a new property, the platform offers an instant In-Principle Approval (IPA) check, access to exclusive mortgage rates, and dedicated personalised support from an IQrate specialist. For existing homeowners, refinancing is framed around lowering monthly repayments, with a refinance reminder notification system so users don't miss their optimal refinancing window. For those wanting to access built-up equity without selling, IQrate also supports cash-out refinancing to unlock funds for liquidity needs. All three paths come with free home content insurance and a stated policy of no obligation and no hidden fees.
Beyond rate comparison, IQrate bundles several practical tools. iTrack monitors a user's refinance eligibility date and calculates potential interest savings based on the lowest rates currently available for their property, prompting action at the right time rather than leaving it to chance. iCalculate offers a suite of smart calculators to help with financial decision-making throughout the mortgage journey. For those who'd rather have expert help, iRefer connects users with an IQrate specialist, while iApply supports a self-service application path. A cash rewards programme also rewards users with cash for every successful loan application completed through the platform.
IQrate isn't purely consumer-facing - it also supports independent mortgage brokers, offering a leads generation feature that lets brokers share a personal lead gen link and receive client submissions directly into their account for follow-up. The company is separately recruiting independent mortgage brokers to join the platform, advertising no co-working space fees, sinking funds, subscription fees or entrance fees for those who sign on.
IQrate backs its platform with an Academy and a library of articles covering property finance topics relevant to Singapore buyers - recent examples include a guide to the Total Debt Servicing Ratio (TDSR), a step-by-step guide to securing a BTO flat, and a piece weighing shorter versus longer home loan tenures. The FAQ section also breaks down fundamentals like the difference between a fixed rate (a constant interest rate typically fixed for 1 to 30 years) and a floating SORA rate, tied to the Singapore Overnight Rate Average.
Reviews for IQrate consistently praise the platform's ease of use, live rate visibility, and responsive support - several users specifically highlight being able to compare bank rates directly in the app rather than waiting on callbacks, and multiple reviewers mention saving on both home loan and car insurance renewals through the platform. One reviewer named advisor Alva specifically for handholding them through their first loan application.
IQrate can be reached directly at 9157 0157, including for those interested in the independent mortgage broker opportunity.