Looking for the Best Home Loan Rates Singapore January 2026 Comparison: Benefits of Applying via Homejourney? In January 2026, most competitive fixed home loan packages in Singapore are around the mid‑1% range, while SORA‑pegged floating packages start from spreads of about +0.25% to +0.40% above SORA, which has fallen sharply since 2025.[1][2] Homejourney lets you compare these bank rates safely in one place and submit a single, secure multi‑bank application instead of applying to each bank individually.
This article is a focused cluster within Homejourney’s broader 2026 mortgage pillar guides, such as: Best Home Loan Rates in Singapore January 2026: Expert Comparison by Homejourney and Best Home Loan Rates Singapore Jan 2026: Bank Comparison Guide | Homejourney . Here, we zoom in on January 2026 home loan rates, how to compare them properly, and the concrete advantages of applying via Homejourney for a safer, smoother experience.
January 2026: What Are the Best Home Loan Rates in Singapore?
By January 2026, Singapore home loan rates have fallen to their lowest levels in around three years, following several US Federal Reserve cuts and a decline in SORA.[2] Fixed‑rate packages that were above 3% at the start of 2025 are now typically between about 1.4% and 1.8%, depending on bank and loan size.[2][1]
From published rate tables and broker data as of January 2026:[1][5]
- Fixed rates (bank loans, private & HDB): Many 2‑year fixed packages are around 1.45%–1.75% p.a. in the first two years, with some promotional packages slightly below or above this range.[1][5]
- Floating SORA‑pegged packages: Commonly offered as 1‑month or 3‑month compounded SORA + spread. Spreads for competitive packages are around +0.25% to +0.40%, on top of SORA, for at least the first 2 years.[1][4]
- HDB concessionary loan: Still at 2.6% p.a., pegged at 0.1% above the CPF OA rate, which means many bank loans are currently cheaper than the HDB loan.[1][2]
A concrete example I’ve seen recently with clients in Punggol and Clementi: for a S$600,000 loan, switching from an older 3% package to a 1.6% fixed‑rate deal with a major bank shaved roughly S$450–S$550 off their monthly instalments, very similar to the savings highlighted in national media reports.[2] In practice, this is the difference between stretching every month and having some buffer for childcare or car expenses.
Understanding SORA and Current Interest Rate Trends (with Chart)
Most new floating home loans in Singapore are pegged to the Singapore Overnight Rate Average (SORA), administered by MAS.[8] Banks typically offer packages like “3M compounded SORA + 0.70% p.a.” after the initial promotional period.[4]
SORA has fallen from about 3% in early 2025 to around 1.2% by December 2025, a level not seen since 2022, and this has pulled both floating and fixed mortgage rates lower.[2] That is why you now see fixed rates in the mid‑1% range and SORA packages with all‑in rates (SORA + spread) also hovering in the low‑to‑mid 1% band for the first years.[1][2][5]
The chart below shows recent interest rate trends in Singapore:
As seen from the 6‑month trend, the downshift has been quite sharp since mid‑2025. However, rates can rise again if global conditions change, so locking in a good rate now must be balanced against your risk appetite and holding period.
Fixed vs Floating in January 2026: How to Decide
With such low rates, many buyers in areas like Sengkang, Tampines and Bukit Panjang are asking whether to lock in a fixed rate or take a SORA‑pegged loan.
Insider tip from the ground: In mature estates like Bishan or Queenstown, where resale flat prices are higher and loan sizes larger, many owners are choosing 2‑ or 3‑year fixed packages around 1.5%–1.7% to lock in savings now, while some investors buying smaller units near MRT nodes (e.g. Bartley, Aljunied) opt for SORA‑pegged loans for more flexibility to refinance if rates keep drifting down.
Why Apply via Homejourney: Key Benefits vs Going Bank‑by‑Bank
Instead of approaching DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong Bank or Citibank one by one, Homejourney allows you to do everything in a safe, centralised environment, with bank rates updated and verified directly from our partner banks.
- 1. Bank rate comparison in one secure dashboard
View best mortgage rate January 2026 offers, including fixed and SORA packages, across all major banks side‑by‑side on Homejourney’s Bank Rates page, instead of collecting separate PDF brochures from each bank. - 2. Multi‑bank application with one form
Submit one application through Homejourney and have it sent to multiple banks at once. This reduces data entry errors, cuts down time spent, and creates a clear audit trail within one trusted platform. - 3. Singpass / MyInfo integration
Use Singpass to auto‑fill your income, employment and CPF details securely. This aligns with MAS and government digital standards and minimises the need to email sensitive documents. - 4. Real‑time SORA and rate tracking
Homejourney displays live 3M and 6M SORA movements, helping you decide when to lock in, especially useful for those timing a refinancing before their lock‑in ends. - 5. Homejourney Mortgage Brokers support
Apply via Bank Rates and get paired with licensed mortgage specialists who can explain differences between DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB and others in plain language, without sales pressure. - 6. Trusted, safety‑first environment
Homejourney prioritises data protection, transparent display of fees (legal, valuation, fire insurance) and clear disclosure of lock‑in and claw‑back terms so there are no surprises at completion.
Step‑by‑Step: How to Secure the Best January 2026 Rate via Homejourney
Step 1: Check your eligibility and budget
Before you fall in love with a unit in Yishun or Tanjong Rhu, use Homejourney’s affordability tools. Go to the mortgage calculator section on our bank rates page: Mortgage Rates or Bank Rates (eligibility & affordability calculator).
- Key in your monthly income (including variable bonus only if stable for at least 12 months).
- Enter existing loans (car, education, credit card balances) so TDSR/MSR can be properly estimated.
- Select property type (HDB, EC, private condo, landed) and estimated price.
The calculator will estimate your maximum loan under MAS rules like TDSR (55%)
