Looking for the Best Home Loan Rates Singapore January 2026 Comparison: Bank Rate Comparison Guide? In January 2026, the most competitive fixed packages for private homes and HDB refinances are around 1.45%–1.75% p.a. for the first 2–3 years, while the lowest SORA-based floating packages are typically around 3M SORA + 0.25–0.40% p.a. for strong borrowers, depending on loan size and property type.[1][2][6]
This cluster guide zooms into the best mortgage rate January 2026 landscape and practical home loan rates comparison 2026 tactics, and links back to Homejourney’s main pillar guide on 2026 mortgage trends and strategies Best Home Loan Rates in Singapore January 2026: Expert Comparison by Homejourney . If you’re a first-time buyer, upgrader, or investor, this article helps you safely compare banks, understand lowest mortgage rate Singapore options, and use Homejourney tools to decide with confidence.
How home loan rates in Singapore look in January 2026
After the sharp rate hikes of 2022–2023, Singapore home loan rates have eased significantly. By late 2025, fixed packages for owner-occupied homes fell from around 3.1% p.a. at the start of 2025 to roughly 1.4%–1.8% p.a., and this softer range has carried into early 2026.[2] At the same time, 3M SORA has fallen from about 3% to near 1.2% p.a. by December 2025, the lowest since August 2022, pulling floating mortgage packages down with it.[2]
Market comparison data in January 2026 shows promotional fixed rates around 1.45%–1.75% p.a. for the first two to three years on private resale and refinancing packages, while SORA-pegged loans are typically around 1M or 3M SORA + 0.25–0.40% p.a., especially for loans above S$500,000.[1][6] This means that for many borrowers, bank packages are now clearly below the HDB concessionary rate of 2.6% p.a., causing a wave of HDB-to-bank refinancing.[2]
The chart below shows recent interest rate trends in Singapore:
As you can see from the trend, we are in a relatively low-rate window compared with the last few years, but borrowers still need to factor in that SORA can rise again in future and fixed rates will adjust with the broader interest rate cycle.[2][8]
Fixed vs SORA floating: which gives the best mortgage rate in January 2026?
Most major Singapore banks – DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong Bank, and Citibank – offer three broad categories of home loans in January 2026:
- Fixed-rate packages (usually 2–5 years lock-in)
- SORA-pegged floating packages (1M or 3M compounded SORA + spread)
- Board rate / internal reference rate packages (less common for new borrowers now)
Based on early-2026 market data, the best published ranges for new private or HDB bank loans generally look like this (exact numbers vary by loan size and profile):[1][2][6]
For example, some banks are offering 3M SORA-based packages with step-up spreads such as 3M SORA + 0.70% p.a. in year 2, 0.80% in year 3, and 1.00% from year 4 onwards, showing how spreads can increase after the initial years.[4] When you compare packages on Homejourney’s bank rates page Bank Rates , always check:
- The benchmark (1M or 3M SORA)
- The spread in each year, not just year 1
- How the rate changes after the lock-in period
Bank-by-bank overview: strengths, product types and ideal borrowers
Below is a practical, experience-based overview of how the main banks typically position their home loans in Singapore. Exact promotions change monthly, so always verify via the bank or through Homejourney’s real-time rate engine Bank Rates .
DBS Bank
Overview & market position: DBS is Singapore’s largest local bank, with strong digital banking via digibank and POSB, and is widely used by first-time HDB and condo buyers. In my experience meeting buyers at showflats in Punggol, Kallang and Queenstown, DBS is often the first quote they receive due to brand familiarity and its HDB-focused packages.
Products & rate types: DBS offers 2–5 year fixed packages, 3M SORA floating packages, and HDB-specific loans. Their 3-year fixed HDB packages around late 2025 were marketed at roughly 1.55% p.a. with no penalty for early repayment during lock-in, illustrating how DBS uses consumer-friendly clauses.[2]
Pros:
- Strong online tools and easy Singpass/MyInfo integration
- Generally competitive fixed rates for owner-occupied homes
- Good reputation for stable servicing and clear statements
Cons:
- Not always the absolute lowest headline rate in the market
- Refinancing legal subsidies can be more conservative for smaller loans
Best for: First-time HDB and condo buyers who value brand trust, straightforward terms, and strong digital experience.
OCBC Bank
Overview: OCBC is strong with HDB and mass-market private buyers in heartland estates like Tampines, Sengkang and Jurong, often providing attractive SORA packages and refinancing promotions. OCBC saw a sevenfold increase in HDB-to-bank switches in the first 11 months of 2025 as bank rates fell below the 2.6% HDB rate.[2]
Products: OCBC offers a full suite of fixed and SORA-pegged loans for HDB and private property, including promotional refinancing buckets for loans above S$500,000.
Pros:
- Frequently aggressive on SORA spreads for higher loan amounts
- Good track record with refinancing subsidies
Cons:
- Packages can be more complex (e.g. tiered spreads, different lock-in rules)
- Rates can move quickly with market conditions, requiring close monitoring
Best for: Homeowners refinancing larger loans, or buyers comfortable with floating rates who want sharper pricing.
UOB
Overview: UOB is known for stable, relationship-based banking and is particularly popular among investors focused on districts like Tanjong Pagar, River Valley and the CBD fringe. Its private home loans use a mix of fixed and 3M SORA structures.[4]
Products: UOB’s SORA packages often feature step-up spreads – for example, 3M SORA + 0.70% in year 2, 0.80% in year 3, and +1.00% from year 4 onwards.[4]
Pros:
- Transparent illustration of how spreads increase after initial years
- Strong servicing for investors with multiple properties
Cons:
- Overall cost can rise noticeably after year 3–4 if you don’t refinance
- Fixed rate promotions may be slightly less aggressive than some peers at times
