Best Home Loan Rates Singapore January 2026 Comparison: Frequently Asked Questions
In January 2026, the best home loan rates Singapore start from 1.35% fixed for private properties and 1M SORA + 0.25% floating, with promotional offers from major banks like DBS, OCBC, and Maybank.[1][2]
This Homejourney cluster article answers the most common questions about home loan rates comparison 2026, helping first-time buyers, refinancers, and investors make informed decisions in a trusted environment. For comprehensive coverage, see our pillar guide: Best Home Loan Rates Singapore Jan 2026: Homejourney Comparison.
What Are the Lowest Mortgage Rates in Singapore for January 2026?
The lowest mortgage rate Singapore in January 2026 includes fixed rates from 1.35% for loans over S$1-2 million on private properties and HDB refinancing, with floating rates at 1M SORA + 0.25% (around 1.36%).[1][2] Promotional 2-year fixed rates range from 1.45%-1.55% for resale condos, offered by DBS (1.65%), OCBC (1.65%), Maybank (1.55%-1.65%), and HSBC (1.70%).[1]
For HDB refinancing, top rates are 1.55% 1+1 year fixed and 1M SORA + 0.30% floating.[1] These rates apply to minimum loans of S$500,000, with cash rebates up to S$2,800 for larger amounts.[2] Homejourney verifies these from partner banks like DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong, and Citibank for transparency and user safety.
Fixed vs Floating: Which is Best for January 2026?
Fixed rates (1.35%-1.78% for 2-3 years) suit risk-averse buyers seeking payment stability, especially with lock-in periods of 2-3 years and free conversion options after 12-36 months.[1][2] Floating rates tied to SORA (Singapore Overnight Rate Average), like 1M/3M SORA + 0.25%-0.40%, benefit from recent lows at 3-year levels and potential further drops.[3][7]
SORA is the key benchmark since 2024, replacing SOR/FIBOR, with most banks using 1M or 3M compounds published by ABS.[1] The chart below shows recent interest rate trends in Singapore:
As seen in the chart, SORA has stabilized at lows, making floating attractive now, but fixed dominates for certainty amid volatility warnings.[3][7] Use Homejourney's bank rates page to compare real-time bank rate comparison January 2026 across all partners.
HDB Loan vs Bank Loan: Key Differences in 2026
| Feature | Bank Loan | HDB Loan |
|---|---|---|
| Interest Rate | 1.35%-1.78% promo (fixed); SORA+0.25% (floating) | 2.6% fixed |
| LTV Ratio | 75% | 80% |
| Eligibility | No income ceiling; private/HDB | Income < S$14,000/month; first-timer priority |
| Flexibility | Refinance anytime; promos/rebates | Fixed; no refinance to HDB later |
Bank loans offer lower initial rates than HDB's 2.6%, ideal for refinancing HDB flats now before rates potentially rise.[1][3][4] However, HDB suits lower-income first-timers with higher LTV and CPF usage under MSR (30% of income).[4] MAS TDSR (55% total debt) applies to both; calculate yours on Homejourney's mortgage calculator.
How to Compare and Apply for the Best Rates on Homejourney
- Check Rates: Visit Homejourney bank-rates for live comparisons from DBS to Citibank, including promos like S$2,000-2,800 rebates.[2]
- Assess Eligibility: Use Singpass/MyInfo for instant verification of income, CPF, employment – no manual uploads needed for safety.
- Calculate Affordability: Input property price (e.g., S$1.2M HDB at Punggol) to see monthly payments under TDSR/MSR.
- Apply Multi-Bank: Submit once via Homejourney to get offers from all major banks; connect with our mortgage brokers for personalized advice.
- Refinance Smartly: For existing loans, compare lock-in penalties (e.g., 1.5% if early) and save thousands.[1]
Insider tip: Time applications end-January when promos refresh; pair with property search for budget-matched HDB/condos. Homejourney prioritizes your security with verified data and feedback-driven updates.
Singapore-Specific Rules: TDSR, CPF, Stamp Duties
MAS TDSR caps total debt at 55% income; MSR at 30% for HDB.[4] CPF Ordinary Account funds cover downpayments (20-25% LTV), with accrued interest.[1] ABSD: 17% for second properties (Singaporeans), but exemptions for family.[5] For a S$1M condo, expect S$10,000-20,000 upfront; use Homejourney's tools to simulate.
Disclaimer: Rates fluctuate; this is not financial advice. Consult Homejourney brokers or MAS guidelines for your situation.
Frequently Asked Questions
What is the best mortgage rate January 2026 for first-time HDB buyers?
Bank promos at 1.50%-1.55% fixed beat HDB's 2.6%, but check MSR eligibility. Start at Homejourney bank-rates.[1][3]
Can I refinance my HDB loan to a bank in January 2026?
Yes, if rates save >0.5% monthly; e.g., from 2.6% HDB to 1.55% bank. Note: No return to HDB loan. Use our refinancing guide.[1][3]
How does SORA affect my home loan payments?
Floating loans adjust monthly to 3M SORA (e.g., 3.0% base +0.40% =3.4%). Track live on Homejourney; fixed locks protect against rises.[7]
What documents for loan application via Homejourney?
Singpass auto-fills income/CPF; add payslips if needed. Fastest for salaried in finance/tech hubs like Marina Bay.
Is now a good time for home loan refinancing?
Yes, with rates at 3-year lows (1.35%+); save S$300+/month on S$800k loan. Compare via Homejourney.[3]
Secure the best home loan rates Singapore January 2026 comparison today on Homejourney – your trusted partner for safe, transparent property financing. Apply now at https://www.homejourney.sg/bank-rates and explore properties at property search. For full details, read our pillar: Best Home Loan Rates Singapore Jan 2026: Homejourney Comparison .
