Best Home Loan Rates Singapore Jan 2026: Homejourney Comparison
This definitive guide delivers the best mortgage rate January 2026 comparison for Singapore home buyers and refinancers. Homejourney prioritizes your safety with verified rates from DBS, OCBC, UOB, HSBC, and more, helping you secure the lowest mortgage rate Singapore through transparent tools.
With rates hitting 3-year lows in early 2026, now's the time to compare. Use Homejourney's bank rates page for real-time home loan rates comparison 2026 and instant eligibility checks via Singpass.
Table of Contents
- Executive Summary
- Best Home Loan Rates January 2026
- HDB vs Bank Loans
- Fixed vs Floating Rates Explained
- Understanding SORA and Rate Trends
- TDSR, MSR & Eligibility Rules
- Refinancing in 2026: When & How
- Detailed Bank Comparison Tables
- Real Calculations & Examples
- Homejourney's Safe Loan Tools
- FAQ: Singapore Home Loans 2026
- Next Steps with Homejourney
Executive Summary
Singapore's home loan rates have fallen sharply into January 2026, with fixed promos starting at 1.35% and floating SORA options at 1M SORA + 0.25% (around 1.36%). This guide analyzes the best home loan rates Singapore January 2026 across major banks, grounded in verified data.
Homejourney verifies every rate for trustworthiness, offering a safe platform to compare, calculate, and apply. Key insight: Bank loans now beat HDB's 2.6% rate, but TDSR limits borrowing to 55% of income. Start with our mortgage calculator.
Best Home Loan Rates Singapore January 2026
As of early 2026, promotional fixed rates for resale condos and landed homes start at 1.48% for 2-year fixed packages. Floating rates hover at 1M SORA + 0.25%, with 1-month compounded SORA at 1.1382% as of February 2, 2026[5][1].
Lowest fixed rates apply to loans above S$1-2 million, often with cash rebates of S$2,000-S$2,800 for refinancing[2]. Homejourney's bank rate comparison January 2026 updates hourly from partner banks like DBS, OCBC, and UOB.
| Property Type | Best Fixed (Year 1) | Best Floating (Year 1) |
|---|---|---|
| Resale Condo/Landed | 1.48% (2 Yr Fixed Promo) | 1M SORA + 0.25% (~1.36%)[1] |
| New Sale/Private | 1.45% EMI (Promo) | 1M SORA + 0.25% |
| HDB Refinance | 1.55% (1+1 Yr Fixed) | 1M SORA + 0.30%[1] |
Pro Tip: Larger loans (>S$1M) unlock the lowest spreads. Verify your rate on Homejourney today.
HDB Loans vs Bank Loans: Key Differences
HDB loans offer stability at 2.6% (0.1% above CPF OA rate), but require income below S$14,000/month, no prior properties, and limit refunds to CPF OA balance[1]. Bank loans provide lower rates (1.35%-1.8%) but expose you to market volatility[3].
In 2026, more owners switch from HDB to banks as rates dip below 2.6%[3]. DBS's POSB HDB loan at 1.55% (3-year fixed) saw 13x uptake[3]. Use Homejourney to assess if switching fits your profile.
- HDB Pros: No lock-in, covers 90% LTV for flats.
- Bank Pros: Lower rates, flexible features like free conversion (FC12/24).
- Homejourney Tip: Can't revert to HDB after bank loan—plan long-term[3].
Fixed vs Floating Mortgage Rates
Fixed rates lock payments (e.g., 1.35%-1.75% for 2-3 years), ideal for risk-averse buyers[4]. Floating rates track SORA + spread (e.g., +0.25%), benefiting from cuts but rising with hikes[8].
In January 2026, fixed still dominates, but floating gains traction at 1.47% average[8]. Borrowers split: stability vs potential savings[4]. Homejourney compares both with real-time SORA tracking.
Understanding SORA and Interest Rate Trends
SORA (Singapore Overnight Rate Average) is the key benchmark since 2024, replacing SOR/FIX. 1M/3M SORA compounded daily sets floating rates[5]. Current 1M SORA: 1.1382% (Feb 2, 2026)[5].
Rates halved from 3.1% in early 2025 to 1.4-1.8% fixed, tracking US Fed cuts[3]. The chart below shows recent interest rate trends in Singapore:
As seen, SORA trended down, boosting floating appeal. Track live on Homejourney bank-rates.
TDSR, MSR & Home Loan Eligibility
MAS's Total Debt Servicing Ratio (TDSR) caps debt at 55% of gross income; MSR for HDB at 30%[3]. Example: S$10,000 monthly income limits payments to S$5,500 (TDSR).
Factors: Age, income stability, CPF balance. First-timers get ABSD remission. Homejourney's calculator uses Singpass for instant TDSR checks: Try now.
Refinancing Guide for January 2026
Reprice if lock-in ends and rates drop >0.5%. Example: From 3% to 1.6% saves S$500/month[3]. Costs: Legal fees S$2,000-S$3,000, valuation S$500.
Homejourney simplifies with multi-bank submissions. See <Singapore Mortgage Rate Forecast 2026: Bank Comparison Guide | Homejourney > for 2026 outlook.
Detailed Bank Rate Comparison January 2026
Homejourney aggregates from partners. Minimum loans S$400k-S$2M; rebates up to S$2,800[2].
Top Fixed Rates (Resale HDB/Condo)
| Bank | Year 1 | Year 2 | Lock-in |
|---|---|---|---|
| Promo (Various) | 1.48% | 1.48% | 2 Yr |
| Maybank | 1.65% | 1.65% | 2 Yr |
| SCB | 1.68% | 1.68% | 2 Yr |
| DBS | 1.75% | 1.75% | 2 Yr |
Top Floating Rates
| Bank | Type | Spread |
|---|---|---|
| Promo | 1M SORA | +0.25% |
| Maybank | 3M SORA | +0.40% |
| DBS | 3M SORA | +0.28% |
Full list on Homejourney. Rates for >S$1M loans[1][2].
Real-World Calculations & Examples
S$1M loan, 25 years, 1.5% fixed: Monthly ~S$4,300. Total interest: ~S$290k. At 2.6% HDB: ~S$5,000/month, +S$100k interest.
Refinance example: S$800k @3% to 1.6% saves S$400/month. Use Homejourney calculator for your numbers.
- Input income, property price via Singpass.
- Get TDSR-compliant max loan.
- Compare packages side-by-side.
Homejourney's Trusted Loan Tools
Homejourney builds trust with verified rates, Singpass auto-fill, and multi-bank apps. Compare DBS vs OCBC instantly, apply to all with one click.
- Live SORA tracker.
- Eligibility calculator: Link.
- Connect to brokers safely.
- Search budgeted properties: Property search.
Read our <2026新加坡房贷市场展望：利率走势与买房贷款预测 | Homejourney > for predictions.
FAQ: Best Mortgage Rates Singapore 2026
What is the lowest mortgage rate Singapore in Jan 2026?
Promos at 1.35%-1.48% fixed; floating 1M SORA +0.25% (~1.36%). Check Homejourney for updates[1][2].
DBS vs OCBC home loan rates?
DBS: 1.65%-1.75% fixed; OCBC competitive. Compare on bank-rates.
Can I refinance HDB to bank loan?
Yes, if rates <2.6%, but no HDB revert[3]. Saves ~S$500/month.
How does TDSR affect my loan?
55% income cap on all debts. E.g., S$8k income: Max S$4,400 payments.
Best time for home loan 2026?
Now, with Fed cuts. See <>.
Disclaimer: Rates change; not financial advice. Consult professionals. Homejourney verifies data for safety.
Next Steps: Secure Your Best Rate with Homejourney
1. Visit Homejourney bank-rates for home loan rates comparison 2026.
2. Calculate eligibility.
3. Apply via Singpass.
4. Find properties: .
Homejourney ensures a safe journey with transparency and verified partners. Start comparing the best mortgage rate January 2026 today.
