Best Home Loan Rates Singapore Jan 2026: Homejourney Bank Guide

To find the Best Home Loan Rates Singapore January 2026 Comparison: Bank Rate Comparison Guide, you should compare fixed and SORA-pegged packages from major banks like DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong Bank and Citibank, then match them to your risk profile, lock-in tolerance, and refinancing plans using a trusted tool such as Homejourney’s bank rate comparison and mortgage calculator.

This cluster guide zooms into bank rate comparison January 2026 and tactical decision-making, and is designed to be read together with our main pillar guide: Best Home Loan Rates Singapore January 2026 | Homejourney Comparison Guide Best Home Loan Rates Singapore January 2026 | Homejourney Comparison Guide . The pillar explains the overall market outlook and concepts; this article focuses on the best mortgage rate January 2026 across banks, how to compare them safely, and how to use Homejourney to apply confidently.

How to compare home loan rates in Singapore (January 2026) in 3 steps

In early 2025, fixed-rate loans fell from about 3.1% to roughly 1.4%–1.8% as global interest rates eased, and 3M SORA dropped from around 3.0% to about 1.2% by December 2025.[3] This sets the backdrop for January 2026: the home loan rates comparison 2026 is all about choosing between low fixed promotions and SORA-pegged packages that may move over the next few years. Based on current bank promotions and independent mortgage data, the lowest fixed rates in late 2025 are around 1.35%–1.50%, while the lowest floating can start near 1M SORA + 0.25% (about 1.36% at SORA 1.11–1.2%).[1][2][3]

For a safe, structured comparison in January 2026, use this 3-step framework:

Choose your rate type: Fixed vs SORA floating vs board rate.
Match lock-in period and penalties to your realistic plans (e.g. upgrading in 3 years vs holding long term).
Compare effective cost using Homejourney’s bank rate comparison and calculator Bank Rates Mortgage Rates instead of headline rates alone.

Because Homejourney updates bank rates in real time and tracks live SORA, you avoid relying on outdated brochures or word-of-mouth.

Key rate benchmarks: HDB vs banks in January 2026

If you’re upgrading from an HDB flat in towns like Punggol or Sengkang, you’ll often compare bank packages to the HDB concessionary loan. The HDB loan rate is 2.6% p.a., pegged at 0.1% above the CPF OA interest rate.[1][3][6] In 2025, media reports already show many HDB owners refinancing to bank loans because bank rates fell well below 2.6%.[3][6]

By January 2026, if fixed and SORA packages remain in the 1.4%–1.8% band, the rate gap versus HDB (roughly 0.8–1.2 percentage points) can translate into savings of several hundred dollars a month for a typical S$400,000 loan. However, you cannot return to an HDB loan once you switch to a bank loan, so this is a one-way decision that should be stress-tested carefully.

Homejourney’s mortgage eligibility and affordability calculator Bank Rates Mortgage Rates lets you simulate different rates and repayment amounts safely, including stress-testing against higher future SORA.

Fixed vs SORA vs board rate: which gives the lowest mortgage rate Singapore?

Most major banks in Singapore now offer three broad types of packages:

Fixed-rate packages – Rate is locked for 2–5 years. In late 2025, some banks offered fixed rates as low as about 1.35%–1.50% for larger loans.[1][2][3]
SORA-pegged packages – Floating rates like 1M or 3M compounded SORA + a spread (e.g. +0.25% to +0.80%). UOB, for example, has packages like 3M SORA + 0.70–1.00% in later years.[4]
Board-rate packages – Pegged to a bank’s internal reference rate (e.g. FHR/FDR for some banks), with less transparency on how changes are made.[2][7]

In practice, the lowest mortgage rate Singapore at any given time often comes from either a short-term fixed package (2 years) or a very tight-spread SORA package (e.g. SORA + 0.25%), especially for larger loan sizes like S$1–2 million.[1][2] But “lowest” doesn’t always mean “best” – you must consider volatility, lock-in, and your household risk tolerance.

Bank-by-bank: what to know when comparing January 2026 home loan rates

Below is a tactical, user-focused overview of the main banks Homejourney works with. Exact rates change frequently; always confirm the latest figures on Homejourney’s live bank rate comparison page Bank Rates and with the bank itself.

DBS Bank

DBS is Singapore’s largest local bank and a dominant player in home loans.[2][7] It offers fixed, SORA-pegged and board-rate packages for HDB and private properties. DBS is known for competitive fixed rates (thanks to its large SGD deposit base) and clear online tools.[2][7]

Typical products (2025–early 2026 context):

2–3 year fixed packages (e.g. in late 2025, two-year fixed in the mid-1% range for some borrowers).[1][2][3]
3M SORA + spread packages (about +0.50% in some refinancing cases).[1]
HDB-focused options via POSB, with promotions around 1.55% for 3-year fixed in late 2025.[3][8]

Pros: Strong digital banking, good for salary-crediting customers, often attractive fixed-rate promos, and generally smooth repricing and refinancing experiences in my observations with clients living in areas like Tampines and Bukit Panjang.

Cons: Popular promos can be tiered by loan size; smaller loans (below S$300,000) may see less aggressive pricing.

Best for: First-time buyers of BTO and resale flats looking for brand familiarity and stability, and private condo buyers who prefer fixed certainty for 2–3 years.

On Homejourney, you can:

Compare DBS against OCBC, UOB, HSBC and others instantly Bank Rates .
Check if your income (e.g. S$6,000 combined household income) is sufficient for a S$500,000 loan using the mortgage eligibility calculator Bank Rates Mortgage Rates .
Submit a Singpass-enabled multi-bank application to DBS and others in one go.

OCBC Bank

OCBC is another major local bank with strong presence for both HDB and private loans. Its packages typically span fixed and SORA-based options, sometimes with slightly different spreads compared to DBS and UOB.[1][2]

Pros: Often competitive for owner-occupiers, and promotions can be attractive for mid-sized loans (e.g. S$400,000–S$1 million). OCBC’s mobile app and branch network in heartland malls (e.g. AMK Hub, Bedok) are convenient for documentation.

Cons: Board-rate packages can be harder to understand for new buyers; always ask the banker to explain how their internal reference rate moves.

Best for: Families upgrading from HDB to OCR condos (e.g. Sengkang, Yishun) who want a mix of competitive pricing and physical branch access.

UOB (United Overseas Bank)

UOB is known for SORA packages with stepped spreads over time. As of late 2025, some packages use 3M compounded SORA with different spreads from year 1 to 4 (e.g. about +0.70% in year 2, +0.80% in year 3, +1.00% thereafter).[4]

Pros: Clear SORA-pegged structure ideal for buyers comfortable with floating rates. UOB branches in city-fringe locations like Tanjong Pagar and Bugis are popular with investors buying CBD-fringe properties.