Homejourney's Best Home Loan Rates Singapore Jan 2026 Bank Comparison
In January 2026, the best home loan rates Singapore January 2026 comparison shows promotional fixed rates starting at 1.35% for private properties and 1M SORA + 0.25% (around 1.36%) for floating rates on loans above S$500,000.[1][2] Homejourney verifies these rates in real-time from major banks like DBS, OCBC, UOB, HSBC, and Maybank, helping you secure the lowest mortgage rate Singapore safely.
This cluster guide connects to our pillar on Singapore home financing by focusing on bank rate comparison January 2026. Use Homejourney's tools at https://www.homejourney.sg/bank-rates to compare instantly and apply to multiple banks with one Singpass submission for faster approvals and better offers.
Current Market Snapshot: Home Loan Rates January 2026
Singapore's home loan market in January 2026 features competitive promo rates due to easing SORA trends. Fixed rates for resale condos and landed homes start at 1.35%-1.48% in Year 1, while floating 1M SORA +0.25% leads for refinancing.[1][2] HDB refinancing sees 1+1 Year Fixed at 1.55% and 1M SORA +0.30%.[1]
Key factors: Loan size matters—rates improve for S$1M+ loans with rebates up to S$2,800. MAS regulations cap LTV at 75% for bank loans vs. HDB's 80% at 2.6% fixed.[3] Homejourney's mortgage calculator factors in TDSR (60% debt servicing ratio) to show your eligibility.
| Bank/Promo | Type | Year 1 Rate | Year 2 Rate |
|---|---|---|---|
| Promo | 2Y Fixed (Private) | 1.35%-1.48% | 1.35%-1.48% |
| Promo | 1M SORA (Refi) | +0.25% (~1.36%) | +0.25% |
| Maybank | 2Y Fixed (HDB) | 1.60%-1.65% | 1.60%-1.65% |
| DBS | 3Y Fixed | 1.70%-1.78% | 1.70%-1.78% |
Rates as of early 2026; conditions apply for min loan S$500k.[1][2] Compare all on Homejourney for home loan rates comparison 2026.
Top Banks: Detailed Rate Comparison
DBS Bank – Stable Fixed Rates Leader
DBS offers 2Y Fixed at 1.65%-1.75% and 3Y at 1.70%-1.78%, ideal for HDB upgraders in areas like Punggol or Sengkang.[1][2] Pros: FC36 free conversion, S$2,000-2,800 rebates. Cons: Higher min loan S$500k. Best for families wanting predictability.
OCBC Bank – Flexible Packages
OCBC's 2Y Fixed at 1.60%-1.65% suits private property buyers in Orchard or River Valley.[2][4] Features partial prepayments, repricing options. Strong for investors with S$400k+ loans and S$2,000 rebates.
UOB & Maybank – Promo Floating Winners
Maybank leads HDB refi with 2Y Fixed 1.60% and 3M SORA +0.40%.[1] UOB competitive on SORA floats. Both offer quick processing via Singpass on Homejourney.
HSBC (1M SORA ~1.14% base[8]), Standard Chartered (1.68% 2Y Fixed[1]), CIMB, RHB, Public Bank, Hong Leong, Citibank follow with similar promos. Full comparison at Homejourney bank rates.
SORA Trends Impacting January 2026 Rates
SORA (Singapore Overnight Rate Average) is the key benchmark for floating loans, at 1.1382% (1M compounded as of Feb 2026).[8] Most banks peg to 1M/3M SORA +0.25%-0.40%.[1]
The chart below shows recent interest rate trends in Singapore:
Rates have stabilized post-easing, favoring fixed for short-term certainty.[7] Track live on Homejourney.
Actionable Steps: How to Get the Best Rate
- Calculate Eligibility: Use Homejourney's calculator – input income, find properties via property search within budget.
- Compare on Homejourney: See real-time best mortgage rate January 2026 from 11 banks.
- Apply Multi-Bank: One form, Singpass auto-fill – banks compete for you.
- Time Refinancing: Lock promo before Feb; see Best Home Loan Rates Singapore February 2026: Boost Approval Chances .
- Consult Brokers: Homejourney connects you free, no obligation.
Disclaimer: Rates fluctuate; not financial advice. Verify with banks. Homejourney prioritizes your data safety.
FAQ: Best Home Loan Rates Singapore January 2026
Q: What is the lowest mortgage rate in Jan 2026?
A: 1.35% fixed or 1M SORA +0.25% (~1.36%) for S$500k+ loans.[1][2]
Q: Fixed vs Floating – which for 2026?
A: Fixed for stability if rates rise; floating if expecting cuts. Use Homejourney chart.
Q: HDB vs Bank Loan?
A: HDB 2.6% fixed, 80% LTV; banks lower initial rates but 75% LTV.[3]
Q: How to apply safely?
A: Via Homejourney's secure platform with Singpass – one app, multiple offers.
Q: Refinancing penalties?
A: 1.5% typically during lock-in (2-3 years). Check FC options.[2]
Visit our pillar guide for full home loan strategies. Start comparing at https://www.homejourney.sg/bank-rates – trusted by Singapore buyers for transparent, verified rates. Homejourney: Your safe path to property success.
