Best Home Loan Rates Singapore Jan 2026: Homejourney Comparison
This definitive guide delivers the best home loan rates Singapore January 2026, with comprehensive home loan rates comparison 2026 across major banks like DBS, OCBC, UOB, HSBC, and Maybank. Homejourney prioritizes your safety and trust by verifying rates in real-time and offering secure Singpass applications to help you secure the lowest mortgage rate Singapore.[1][2][4]
Whether you're a first-time HDB buyer, condo investor, or refinancing homeowner, our analysis includes bank rate comparison January 2026, SORA trends, eligibility calculators, and actionable steps. Start comparing on Homejourney's bank rates page for transparent, verified data.
Table of Contents
- Executive Summary
- Current Best Home Loan Rates January 2026
- HDB Loans vs Bank Loans
- Understanding SORA and Rate Types
- Loan Eligibility: TDSR and MSR Rules
- Detailed Bank Rate Comparison Tables
- Refinancing in 2026: When and How
- Mortgage Calculations and Examples
- Homejourney Tools for Safe Applications
- Frequently Asked Questions
- Next Steps with Homejourney
Executive Summary
Singapore's home loan rates have fallen to 3-year lows in January 2026, averaging 1.1-1.3% for floating SORA packages and 1.35-1.75% for fixed rates, down from over 4% peaks.[4][1][2] Promotional offers from banks like Maybank and DBS lead with 1M SORA +0.25% (around 1.36%) and 2-year fixed at 1.45-1.55%.[1][2]
Homejourney's verified comparison ensures you access the best mortgage rate January 2026 without risks. Use our mortgage calculator to check affordability instantly. Key insight: With rates at historic lows, now is prime time for refinancing or new purchases, but TDSR limits borrowing to 55% of income.[3]
Current Best Home Loan Rates Singapore January 2026
As of January 2026, the lowest mortgage rate Singapore starts at 1.35% fixed for loans over S$1-2M, with floating 1M SORA +0.25% equating to ~1.36%.[2][1] Fixed promo rates for resale condos and landed homes range 1.45-1.75% in Year 1-2, while HDB refinancing sees 1.55% fixed promos.[1]
These rates apply to larger loans with conditions like minimum S$500K loan size and cash rebates up to S$2,800 for refinancing.[2] Track live rates on Homejourney bank rates, updated daily for accuracy and user safety.
Market Trends Driving Low Rates
Rates have halved since January peaks due to global easing and SORA declines.[3][4] DBS reports 13x uptake on 1.55% 3-year fixed HDB loans.[3] Expect stability in Q1 2026, but monitor SORA for volatility.
HDB Loans vs Bank Loans: Key Differences
HDB loans offer stability at 2.6% fixed (pegged 0.1% above CPF OA rate), ideal for low-income buyers under household ceilings (e.g., S$14K/month for 4-room flats).[1] No prior property ownership allowed, and irrevocable once taken.[1][3]
Bank loans provide lower rates (1.35-1.75%) but higher risk with floating adjustments.[1][2] Best for higher earners or investors. Use Homejourney's comparison to decide safely.
| Aspect | HDB Loan | Bank Loan |
|---|---|---|
| Rate (Jan 2026) | 2.6% fixed[1] | 1.35-1.75% promo[1][2] |
| Eligibility | Income & citizenship limits[1] | TDSR compliant, flexible[2] |
| Flexibility | Irrevocable[3] | Refinance anytime[1] |
Understanding SORA and Mortgage Rate Types
SORA (Singapore Overnight Rate Average) replaced SIBOR as the benchmark; most banks use 1M or 3M compounded SORA + margin (e.g., +0.25-0.40%).[4][1] Fixed rates lock in promos for 1-3 years, then revert to SORA.
The chart below shows recent interest rate trends in Singapore:
As seen, SORA has stabilized ~1.1%, enabling low effective rates like 1M SORA +0.25%.[1][2] Fixed suits risk-averse buyers; floating offers potential savings if rates fall further.[3]
Loan Eligibility: TDSR, MSR and CPF Rules
MAS Total Debt Servicing Ratio (TDSR) caps total debt at 55% of gross income; Mortgage Servicing Ratio (MSR) limits HDB loans to 30%.[Official MAS guidelines]. For a S$10K/month household, max HDB loan ~S$1.2M under MSR.
CPF Ordinary Account funds cover downpayments (up to 20% for resale HDB) with accrued interest. Test eligibility on Homejourney's calculator using Singpass for precise figures.
Stamp Duties Impact
ABSD for second properties (20% for Singaporeans) adds costs; factor into budgets. Homejourney verifies all via official URA data.
Detailed Bank Rate Comparison Tables January 2026
Homejourney aggregates verified rates from DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, and more. Minimum loans S$500K+ qualify for promos.[1][2]
Best Fixed Rates for Private Properties (Resale Condo/Landed)
| Bank | Loan Type | Year 1 | Year 2 |
|---|---|---|---|
| Promo | 2 Yr Fixed | 1.45% (EMI) | 1.45% |
| Maybank | 2 Yr Fixed | 1.55-1.65% | 1.55-1.65% |
| DBS | 2 Yr Fixed | 1.65-1.75% | 1.65-1.75% |
| OCBC | 2 Yr Fixed | 1.65% | 1.65% |
Best Floating SORA Rates
| Bank | Loan Type | Margin (Year 1-2) |
|---|---|---|
| Promo | 1M SORA | +0.25% |
| Maybank | 3M SORA | +0.40% |
| DBS | 3M SORA | +0.28% |
For HDB refinancing, promos hit 1.55% fixed or 1M SORA +0.30%.[1] Compare fully on Homejourney.
Refinancing in 2026: Strategy and Costs
Refinance if current rate >1.75%; save with promos offering S$2K-2.8K rebates.[2] Costs: Legal fees ~S$2K, valuation S$500; break lock-in penalties if early.[1]
Insider tip: Time around Jan promos when competition peaks. Homejourney simplifies with multi-bank submissions via one-click apply.
Real-World Mortgage Calculations and Examples
Example: S$1.5M condo, 25-year tenure, 1.5% fixed. Monthly: ~S$6,500 (use formula: M = P[r(1+r)^n]/[(1+r)^n-1], r=0.00125 monthly).[Standard calc]
- S$10K income family: Max borrow ~S$1.8M under TDSR 55% (S$5.5K servicing).
- Refi S$800K from 3% to 1.5%: Saves S$1,200/month.
Test scenarios on Homejourney calculator. Pair with property search for budget fits.
Homejourney Tools for Secure Home Loans
Homejourney builds trust with verified rates, Singpass auto-fill for income/CPF verification, and multi-bank offers in one app. Apply to DBS, UOB, HSBC simultaneously safely.
- Live SORA tracker
- Eligibility calculator
- Personalized broker matching
- Refinancing wizard
Explore bank-rates or related insights like Homejourney's Best Home Loan Rates Singapore Jan 2026 Bank Comparison .
Frequently Asked Questions
What is the lowest home loan rate in Singapore January 2026?
Promo fixed at 1.35% for large loans; 1M SORA +0.25% (~1.36%) floating.[2][1]
HDB or bank loan: Which is better in 2026?
Bank for rates under 2%; HDB for stability if eligible.[3][1]
How does TDSR affect my borrowing?
Limits total debt to 55% income; calculate on Homejourney.[MAS]
Can I refinance from HDB to bank loan?
Yes, but irrevocable; ideal now with 1.5% promos.[3]
What documents for loan application?
Singpass via Homejourney auto-fills; add payslips, CPF statements.
Is now good time for fixed or floating?
Floating if expecting falls; fixed for 2-3 years lock-in.[4]
Next Steps: Secure Your Best Rate with Homejourney
Visit Homejourney bank rates to compare best mortgage rate January 2026, calculate eligibility, and apply securely. Our platform verifies data, prioritizes safety, and supports your journey from search to keys. For properties, use property search; post-purchase, aircon services. Trust Homejourney for transparent decisions.
Disclaimer: Rates change; not financial advice. Consult professionals. Data as of Jan 2026 from verified sources.[1][2][3][4]
