Best Home Loan Rates Singapore Jan 2026: Bank Comparison Guide | Homejourney
As of January 2026, the best home loan rates Singapore January 2026 comparison shows promotional fixed rates starting from 1.35% for Year 1 on private properties, with floating rates like 1M SORA + 0.25% (around 1.36%) leading for refinancing.[1][3]
Homejourney prioritizes your safety by verifying real-time rates from major banks like DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, and more. Use our bank rates page to compare instantly and apply via Singpass for faster, secure approvals.
Why Compare Home Loan Rates Now in January 2026?
Singapore's home loan rates have hit 3-year lows, with fixed rates dropping to 1.4%-1.8% from earlier highs near 3%.[4][5] This creates a prime window for first-time buyers, HDB upgraders, and refinancers to lock in savings.
The best mortgage rate January 2026 depends on your property type (HDB vs private), loan size (better rates for >$1M loans), and needs (fixed for stability or floating for potential savings).[1][3] HDB loans remain at a concessionary 2.6% p.a., but banks offer lower promo rates without the income/citizenship limits.[1][2]
Connect this to our pillar guide on Singapore home financing for full coverage: compare rates here before diving deeper.
Top Bank Rates Comparison: Fixed vs Floating January 2026
Here's a snapshot of the home loan rates comparison 2026 for resale condos, landed homes, and HDB refinancing. Rates include spreads over SORA (Singapore Overnight Rate Average), the key benchmark replacing SOR.[1][3]
| Bank | Loan Type | Year 1 Rate | Year 2 Rate | Lock-in |
|---|---|---|---|---|
| Promo (Various) | 2 Yr Fixed (Private) | 1.35%-1.48% | 1.35%-1.50% | 2 years |
| Maybank | 2 Yr Fixed | 1.55%-1.65% | 1.55%-1.65% | 2 years |
| SCB | 2 Yr Fixed | 1.60%-1.68% | 1.60%-1.68% | 2 years |
| DBS | 2-3 Yr Fixed | 1.65%-1.75% | 1.65%-1.70% | 2-3 years |
| Promo | 1M SORA (Refi) | +0.25% (~1.36%) | +0.25% | 2 years |
| Maybank | 3M SORA (HDB) | +0.40% | +0.40% | 1 year |
Lowest mortgage rate Singapore right now: 1.35% fixed for loans >$1M private properties, with cash rebates up to $2,800 on refinancing.[3] Always check Homejourney bank-rates for personalized quotes.
Understanding SORA and Rate Trends
SORA is the volume-based overnight rate published daily by ABS, used for 90% of Singapore home loans. 1M/3M SORA variants predict short-term movements.[1]
The chart below shows recent interest rate trends in Singapore:
Rates have stabilized post-2025 cuts, favoring floating loans if you expect further declines.[4] Track live SORA on Homejourney to time your application.
Bank-by-Bank Breakdown: Pros, Cons & Best For
DBS: Market leader with fixed rates from 1.65% (2yr). Pros: Strong funding, free conversion options (FC24/36). Cons: Higher minimum loan ($500k). Best for HDB/POSB holders.[1][3]
OCBC: Competitive 1.65% fixed (2yr). Pros: Flexible prepayments. Cons: Refi subsidies vary. Best for families upgrading via projects directory.
UOB: Solid private property loans. Pros: Up to S$ rebates. Cons: Less aggressive promos. Best for landed homes.
Maybank/HSBC/SCB: Leaders in SORA floaters (+0.25%-0.40%). Pros: Low Year 1 rates. Cons: Lock-in penalties. Best for refinancers.[1][2]
- CIMB/RHB/Public/Hong Leong/Citibank: Niche promos for high-value loans, check Homejourney for updates.
Compare all on Homejourney – one platform, real-time bank rate comparison January 2026.
Actionable Steps to Secure the Best Rate
- Check Eligibility: Use our mortgage calculator. Factor TDSR (55% income limit), LTV (75% max for first property, 25% down with 5% cash).[2]
- Compare on Homejourney: See rates from 11+ banks, submit one app for multi-bank offers via Singpass.
- Time Your Lock-in: Grab 1.35%-1.48% promos before they expire; avoid penalties by planning sales/refi.
- Refinance Smartly: If current rate >2%, switch now. See Improve Home Loan Approval Chances: Homejourney's 2026 Guide for tips.
- Apply Safely: Homejourney verifies docs, connects you to brokers – no hidden fees.
Disclaimer: Rates fluctuate; consult professionals. Homejourney provides info, not financial advice.
Homejourney: Your Trusted Partner for Safe Loans
At Homejourney, user safety comes first – we verify rates, use Singpass for secure apps, and let banks compete for you. Calculate affordability, find properties via property search, even plan maintenance with aircon services.
FAQ: Best Home Loan Rates Singapore January 2026
What is the lowest mortgage rate in Singapore January 2026?
Promo fixed rates start at 1.35% for private properties >$1M; floating at 1M SORA +0.25% (~1.36%). Check Homejourney for your quote.[3]
HDB vs Bank Loan: Which is better?
Bank loans offer lower promos (1.35% vs HDB's 2.6%), but HDB has no lock-in. Ideal for volatility-averse buyers.[1][2]
How to compare home loan rates 2026 on Homejourney?
Visit bank-rates, select property type, use calculator, apply once for all banks.Best Home Loan Rates Singapore Jan 2026 Comparison FAQs | Homejourney
Can I refinance my HDB loan to bank?
Yes, but no return to HDB later. Current gap favors banks.[4]
What docs for home loan application?
NRIC, income slips, CPF statements. Homejourney auto-fills via Singpass.
Ready for the Best Home Loan Rates Singapore January 2026 Comparison? Start on Homejourney bank-rates today – compare, calculate, apply safely. Link back to our pillar for full home financing guide.
