Home Loan Interest Rates Singapore: Homejourney Benefits 2026
Understanding home loan interest rates in Singapore means knowing current floating rates around 1.43%-1.78% (SORA + 0.25%-1.00%) and fixed rates from 1.40%-1.80% for 2026, with Homejourney offering the safest way to compare and apply across DBS, OCBC, UOB, and more.[1][2][3]
Homejourney prioritizes your safety by verifying rates daily and enabling Singpass applications for instant bank verification, saving you time and reducing errors in a trusted environment.
What Are Home Loan Interest Rates in Singapore?
Home loan interest rate Singapore refers to the cost banks charge for borrowing to buy HDB flats, condos, or landed properties. Rates are either fixed (locked for 1-5 years) or floating (pegged to SORA plus a spread). In January 2026, rates have hit 3-year lows: fixed packages at 1.4%-1.8%, floating at SORA +0.25%-0.40%.[2]
SORA, or Singapore Overnight Rate Average, is the key benchmark set by ABS and published by MAS. 3M SORA (3-month compounded) is most common at ~1.2% now, down from 3% in early 2025.[2] HDB loans remain at 2.6% (CPF OA +0.1%), making bank loans more attractive for eligible buyers.[1][2]
This cluster dives into interest rate comparison and Homejourney's benefits, linking to our pillar guide on Singapore Home Loans 2026 for full coverage.
Current Mortgage Rates and Trends 2026
Current mortgage rates for resale condos/landed: Best fixed 1.40%-1.50% (promo 2-yr), floating 1M/3M SORA +0.25%.[1][5] For HDB resale: Fixed 1.45%-1.65% (EMI), floating SORA +0.30%-0.40%.[1] Refinancing mirrors these, with promos at SORA +0.25%.[1]
Rates fell due to US Fed cuts, high liquidity, and bank competition trimming spreads from 0.7% to 0.25%.[2] Track live 3M SORA and 6M SORA on Homejourney's bank rates page.
The chart below shows recent interest rate trends in Singapore:
As shown, SORA hit 1.2% lows, with fixed rates halving from 3.1% in 2025. Experts predict modest 2026 declines, possibly one Fed cut.[2]
Fixed vs Floating: Which is Best?
| Type | Pros | Cons | Best For |
|---|---|---|---|
| Fixed (e.g., DBS 1.50%-1.78% Yr1-3)[3] | Predictable payments; protection from rises | Higher initial rate; lock-in penalties | Risk-averse buyers, short-term stability |
| Floating (SORA +0.25%, e.g., Maybank)[1] | Lower now; falls with SORA | Volatile; rises hurt budgets | Optimists on rates, long-term holders |
Fixed suits first-time HDB upgraders near MRTs like Punggol, wanting steady payments. Floating fits investors eyeing Toa Payoh condos if expecting SORA floors.[2]
Disclaimer: Rates change; consult Homejourney brokers. Not financial advice.
Benefits of Applying via Homejourney
Homejourney makes interest rate comparison safe and simple. Compare best home loan rate from DBS (1.50% fixed), OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong, Citibank side-by-side.[1][3]
- Live Tracking: Daily 3M/6M SORA updates on bank-rates.
- Instant Calculator: Test affordability at mortgage calculator – e.g., $500k loan at 1.5% saves $500/month vs 3%.[2]
- One-Click Apply: Singpass verifies income/employment; one form gets offers from all partners.
- Multi-Bank Offers: Personalized rates without multiple visits, prioritizing your security.
- Refi Ease: Switch from HDB 2.6% – OCBC saw 7x uptake.[2]
For a $1M condo in Bedok, Homejourney users snag promos like 1.40% fixed, verified transparently. Link to property search for budget fits.
Actionable Steps: Get the Best Rate
- Assess Tolerance: Conservative? Fixed. Optimist? Floating.
- Compare on Homejourney: Visit https://www.homejourney.sg/bank-rates.
- Calculate: Use eligibility tool for max loan.
- Apply Singpass: Submit once for multi-offers.
- Time It: Q1 2026 promos peak.[2]
Insider tip: For HDB in Yishun, pair with aircon services post-purchase. See Apply via Homejourney for more.
FAQ
What is the best home loan rate in Singapore now?
Promos at 1.40%-1.50% fixed or SORA +0.25% floating for condos.[1] Check Homejourney for updates.
Will mortgage rates rise in 2026?
Modest easing likely; SORA may floor at 1.2%.[2] Track via Homejourney.
How does Homejourney help with refinancing?
Compare rates, calculate savings (e.g., $4,100/year on $500k), apply securely.[2]
Fixed or floating for first-time buyers?
Fixed for stability; use our calculator to simulate.Homejourney: Home Loan Interest Rates Singapore FAQs 2026
Is HDB loan better than bank?
Banks lower at 1.4%-1.8% vs 2.6%; can't revert post-switch.[2]
Ready for the best home loan rate? Start at Homejourney bank-rates for trusted, verified comparisons. Explore our pillar Home Loan Interest Rates Singapore 2026.
