Best Home Loan Rates Singapore January 2026 Comparison: Benefits of Applying via Homejourney
In January 2026, the best home loan rates Singapore start from 1.35% fixed for private properties and 1M SORA + 0.25% (around 1.36%) for floating rates, with promotional offers from major banks like DBS, OCBC, UOB, and Maybank.[1][2][3]
Homejourney simplifies securing these best mortgage rates January 2026 through its multi-bank comparison and one-click Singpass application, sending your details to DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong, and Citibank simultaneously. This cluster focuses on January 2026 rates and Homejourney's trusted process, linking back to our pillar guide on Best Home Loan Rates Singapore January 2026 | Homejourney Comparison Guide for full coverage.
Current Best Home Loan Rates Singapore January 2026: Key Comparison
Singapore's home loan rates have dropped to 3-year lows, with fixed rates between 1.4% and 1.8% p.a., influenced by US Federal Reserve cuts.[3] Bank loans now beat HDB's fixed 2.6% rate, driving refinancing among HDB owners.[3][8]
Here's a snapshot of top promotional rates for new purchases and refinancing (conditions apply, minimum loans S$500k+):[1][2]
| Bank/Promo | Loan Type | Year 1 Rate | Year 2 Rate | Min Loan |
|---|---|---|---|---|
| Promo | 2 Yr Fixed | 1.35%-1.48% | 1.35%-1.50% | S$500k |
| Maybank | 2 Yr Fixed | 1.55%-1.65% | 1.55%-1.65% | S$500k |
| DBS/POSB | 3 Yr Fixed (HDB) | 1.55% | 1.55%-1.70% | Varies |
| Promo | 1M SORA | +0.25% (~1.36%) | +0.25%-0.30% | S$1M+ |
| UOB | 3M SORA | +0.70% | +0.80% | S$500k |
Home loan rates comparison 2026 favors larger loans (S$1M+), offering lower margins and cash rebates up to S$2,800.[2] Use Homejourney's real-time tracker at https://www.homejourney.sg/bank-rates for live bank rate comparison January 2026, including 3M/6M SORA updates.
Why Apply via Homejourney: Secure Lowest Mortgage Rate Singapore Safely
Homejourney prioritizes user safety and trust, verifying all data and auto-filling applications via Singpass for accuracy. Skip visiting branches— one submission reaches 11 partner banks, letting you compare offers side-by-side without spam.
- Multi-Bank Power: Get bids from DBS, OCBC, UOB, HSBC and more in days, not weeks.
- Singpass Integration: Income, CPF, employment auto-fills instantly, reducing errors.
- Eligibility Calculator: Test borrowing power at https://www.homejourney.sg/bank-rates#calculator before applying.
- Track SORA Live: Time applications when rates dip, as in late 2025.[3]
- Refinancing Ease: See our guide Best Bank Refinancing Rates Comparison 2025 | Homejourney.
This trusted process builds confidence, with WhatsApp support for queries. Unlike HDB's 2.6%, banks offer lowest mortgage rate Singapore now—but lock-ins apply (2-3 years).[1][3]
Step-by-Step: How to Get Best Rates via Homejourney in January 2026
Follow these actionable steps for first-time buyers, upgraders, or refinancers. Timeline: Approval in 3-7 days, disbursal post-Sale & Purchase Agreement (15% payment).[1]
- Check Eligibility (5 mins): Use Homejourney calculator at https://www.homejourney.sg/bank-rates#calculator. Input income, CPF; aim for TDSR <60%.
- Compare Rates (2 mins): View best mortgage rate January 2026 table on https://www.homejourney.sg/bank-rates.
- Apply via Singpass (3 mins): One form sends to all banks. Auto-fills NRIC, income docs.
- Receive & Compare Offers (3-5 days): Track status on platform; pick best (e.g., 1.35% fixed + rebate).
- Accept & Disburse: Legal fees ~S$2k-3k; repayments start post-OTP (5% cash).[1]
Pro Tip: Apply early January when promos refresh post-year-end. Avoid pitfalls like missing CPF statements—Singpass handles it.[3]
Documentation Checklist for Fast Approval
Prepare these for seamless Singpass upload. Homejourney verifies for safety.
- NRIC (front/back)
- Latest 3 months' payslips / tax assessment
- CPF statements (last 12 months)
- Employment pass (foreigners)
- OTP/Sale Agreement
- Bank statements (3 months, if self-employed)
For HDB buyers, confirm eligibility (income <S$14k/month household).[1] Investors: Note ABSD implications via URA.
Common mistake: Incomplete docs delay by weeks. Homejourney's auto-fill cuts this risk.
What to Expect: Bank Criteria & Timelines
Banks assess via TDSR (debt <60% income), MSR (HDB <30%), credit score. Expect 70-90% LTV for purchases.[3]
- Processing: 3-7 days for in-principle approval.
- Full Approval: 2-4 weeks post-documents.
- Costs: Valuation S$500-1k, legal S$2k+; rebates offset.[2]
Example: S$1.2M condo buyer with S$10k income gets ~S$800k loan at 1.45% fixed, saving S$500/month vs 3% prior rate.[3] Track via Homejourney dashboard.
FAQ: Best Home Loan Rates Singapore January 2026
Q: What is the lowest mortgage rate in Singapore January 2026?
A: Promos at 1.35% fixed or 1M SORA +0.25% (~1.36%), for loans S$1M+.[2] Check Homejourney bank rates for updates.
Q: Can I switch from HDB to bank loan?
A: Yes, if rates beat 2.6%; no return to HDB after. Ideal now.[3][8]
Q: How does Homejourney ensure safety?
A: Singpass verification, transparent tracking, no data sharing without consent—prioritizing trust.
Q: Best for refinancing?
A: Yes, see Hidden Costs & Best Time to Refinance in 2026 | Homejourney Guide. Calculate savings at our tool.
Q: Approval tips?
A: Boost score, minimize debts. Full tips in Best Home Loan Rates Jan 2026: Approval Tips | Homejourney.
Disclaimer: Rates fluctuate; not financial advice. Consult professionals. Data as of Dec 2025 trends into Jan 2026.[1][2][3]
