Best Home Loan Rates Singapore Jan 2026: Homejourney Comparison
As of January 2026, the best home loan rates Singapore January 2026 comparison shows promotional fixed rates starting from 1.35% p.a. for Year 1 on resale condos and HDB flats, with floating rates pegged at 1M SORA + 0.25% (around 1.36% given current SORA at ~1.11%). Homejourney simplifies this by letting you compare rates from DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank and more in one secure platform, then submit a single Singpass-enabled application to multiple banks.
This cluster article dives into January 2026 specifics, linking back to our pillar guide on home loan rates comparison 2026. At Homejourney, user safety and trust drive everything – from verified bank rates to transparent multi-bank applications that prioritize your data security.
Current Best Mortgage Rates January 2026: Fixed vs Floating
Singapore's home loan market in January 2026 features aggressive promos as SORA drops to 1.2% lows, making bank loans cheaper than HDB's 2.6% rate. Fixed rates lock in certainty for 2-3 years, ideal for first-time buyers; floating rates tied to SORA suit those betting on further cuts.
Key highlights from Homejourney's bank rates comparison:
- Lowest fixed for resale condos/landed: Promo 2-year fixed at 1.35%-1.48% (Years 1-2), beating DBS at 1.75%.
- HDB resale flats: Promo 1M SORA +0.30% or fixed 1.45% EMI.
- Refinancing: 1M SORA +0.25% promos, with cash rebates up to S$2,800 for loans over S$1M.
- Conditions: Min loan S$500k-S$2M, lock-ins 2-3 years, free conversion options after 12-36 months.
HSBC offers as low as 1.44% p.a. for Premier customers with S$1M+ loans. Always check Homejourney bank-rates for real-time updates, as rates tier by loan size.
SORA Trends Impacting January 2026 Rates
SORA, the MAS-regulated benchmark replacing SIBOR, reflects SGD cash market rates. In January 2026, 1M compounded SORA hit 1.1382%, driving lowest mortgage rate Singapore to under 1.5% effective.
The chart below shows recent interest rate trends in Singapore:
Rates have halved from early 2025 peaks, per CNA reports, saving borrowers like those refinancing DBS loans S$500/month on S$1M mortgages. Homejourney tracks live 3M/6M SORA for precise timing.
Bank Rate Comparison January 2026: Top Promos
| Bank | Loan Type | Year 1 Rate | Year 2 Rate | Min Loan |
|---|---|---|---|---|
| Promo (Various) | 2 Yr Fixed (Condo) | 1.35%-1.48% | 1.35%-1.48% | S$500k |
| Maybank | 2 Yr Fixed | 1.65% | 1.65% | S$400k |
| SCB | 2 Yr Fixed | 1.68% | 1.68% | S$500k |
| DBS | 2 Yr Fixed | 1.75% | 1.75% | S$500k |
| Promo | 1M SORA + (Refi) | +0.25% | +0.25% | S$1M |
Data aggregated from bank promos via Homejourney. For HDB upgraders, bank loans now undercut HDB's 2.6%. Compare full packages on Homejourney mortgage calculator.
Benefits of Applying via Homejourney: Skip the Hassle
Why juggle bank visits? Homejourney's platform verifies your details securely and submits one application to DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, and more – all via Singpass for instant auto-fill of income, CPF, and employment data.
- Side-by-side offers: See best mortgage rate January 2026 without endless calls.
- Track status real-time in a trusted environment.
- Eligibility calculator first: Know your TDSR limit instantly at bank-rates#calculator.
- Cash rebates passed through: Up to S$2,800 verified.
- Safety first: Encrypted data, no sharing without consent.
Users report 30% faster approvals. Connect with Homejourney Mortgage Brokers for personalized advice post-application.
Step-by-Step: Secure the Lowest Rate via Homejourney
- Check eligibility: Use Homejourney calculator – input income, debts for TDSR (60% max debt-to-income).
- Compare rates: Visit bank-rates for January 2026 promos.
- Prepare docs: NRIC, income slips (3 months), CPF statements, property option fee.
- Apply via Singpass: One-click sends to 10+ banks; expect offers in 1-3 days.
- Select & lock: Choose best fit, track valuation/legal fees (S$2k-S$4k typical).
- Refi tip: Time for lock-in expiry to avoid penalties.
Avoid pitfalls: Don't apply pre-approval without calculator – TDSR bites HDB upgraders hard. See our pillar on 2026 Cooling Measures Impact on Financing: Homejourney's Guide for 2026 rules.
Pro Tips for January 2026 Approvals
- Larger loans (>S$1M) unlock lowest tiers; bundle with savings for HSBC Premier perks.
- Refinance now: Bank rates < HDB 2.6%, but note no HDB return.
- Boost odds: Stable job, low debt; use Homejourney to pre-vet.
- Monitor SORA via Homejourney – reprice at lock-in end.
- Pair with property search: Find budgets on Homejourney search.
Disclaimer: Rates fluctuate; Homejourney provides info, not advice. Consult professionals. Data from MAS, bank sites Feb 2026.
Frequently Asked Questions
What are the best home loan rates Singapore January 2026?
Promos start at 1.35% fixed or SORA+0.25% (~1.36%). Use Homejourney for latest.
How does Homejourney's multi-bank application work?
Singpass auto-fills one form, sends to DBS/OCBC/etc. Track offers securely.
Is now a good time for refinancing in 2026?
Yes, with SORA at 1.2% lows vs HDB 2.6%. Check bank-rates.
What docs for home loan application?
Income proof, CPF, property docs. Homejourney guides you.
Can first-time buyers get lowest mortgage rate Singapore?
Yes, via promos on S$500k+ loans. Start with eligibility calculator.
Ready for the best home loan rates Singapore January 2026 comparison? Apply via Homejourney today – trusted, safe, and simple. Explore our pillar guide for full home loan rates comparison 2026.
