Homejourney: Home Loan Interest Rates Bank Rate Comparison Guide 2026

Understanding home loan interest rates in Singapore means comparing current mortgage rates from major banks like DBS, OCBC, UOB, HSBC, and more to find the best home loan rate for your needs in 2026. Homejourney provides a trusted platform to compare these rates side-by-side, track live SORA updates, and apply via Singpass for personalized offers from partner banks, ensuring transparency and user safety.[1][2]

Why Compare Home Loan Interest Rates Now?

Singapore's home loan interest rate Singapore landscape has shifted dramatically, with rates hitting 3-year lows in 2026. Fixed-rate loans have dropped from 3.1% at the start of 2025 to 1.4%-1.8%, driven by falling SORA and US Fed cuts. Bank loans now beat HDB's fixed 2.6% rate (0.1% above CPF OA at 2.5%), prompting many HDB owners to refinance for savings up to S$4,100 annually on a S$500,000 loan.[2]

This cluster article dives into bank rate comparisons, building on our pillar guide Homejourney Guide: Home Loan Interest Rates Singapore 2026 Homejourney Guide: Home Loan Interest Rates Singapore 2026 . Use Homejourney's bank rates page for real-time comparisons across DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, and others.

Key Types of Home Loan Interest Rates in Singapore

Home loans fall into fixed and floating categories. Fixed rates lock in for 1-5 years (e.g., 2-year fixed at 1.48%-1.75%), offering payment stability but higher initial costs and penalties for early exit. Floating rates peg to SORA plus a bank margin (spread), currently 1M SORA +0.25% or 3M SORA +0.40%, adjusting monthly or quarterly for potential savings if rates fall.[1][2]

SORA (Singapore Overnight Rate Average) replaced SOR in 2024 as the key benchmark. 3M SORA has fallen from 3% to 1.2%, with banks trimming spreads from 0.7% to 0.25%. Track live 3M and 6M SORA on Homejourney's bank rates page for precise timing.[2]

Current Mortgage Rates: Bank Comparison (Jan 2026)

Here's a snapshot of interest rate comparison for resale properties from Homejourney partner banks. Rates vary by property type (HDB vs private) and loan purpose.[1]

Bank/Promo	Loan Type	Year 1 Rate	Year 2 Rate
Promo	2 Yr Fixed (Resale Condo)	1.48%	1.48%
Maybank	2 Yr Fixed	1.65%	1.65%
DBS	3 Yr Fixed	1.80%	1.80%
Promo	1M SORA (Floating)	+0.25%	+0.25%
UOB	3M SORA (Private)	+0.70%	+0.80%

For HDB refinancing, promos offer 1+1 Yr Fixed at 1.48%-1.55%, beating HDB's 2.6%. Compare full packages on Homejourney.[1][2][3]

SORA Trends and the Interactive Rate Chart

The chart below shows recent interest rate trends in Singapore over the past 6 months, highlighting SORA movements and bank fixed rates to visualize the downtrend.

As seen, SORA hit 1.2% lows, with experts predicting modest further declines in 2026 barring shocks. Use this data to time refinancing when lock-ins end.[2]

Fixed vs Floating: Pros, Cons and Who Should Choose What

Type	Pros	Cons	Best For
Fixed	Predictable payments; protection from rises	Higher rates; exit fees	Risk-averse buyers, short-term plans
Floating (SORA)	Lower initial rates; falls with market	Payment volatility	Long-term holders, rate optimists

First-time HDB buyers may prefer fixed for stability, while investors eye floating for mortgage rate 2026 savings. Assess via Homejourney's mortgage calculator.[1][2]

Actionable Steps: How to Secure the Best Home Loan Rate

Check eligibility: Use Homejourney's calculator to estimate borrowing power based on income and CPF.
Compare rates: Visit https://www.homejourney.sg/bank-rates for side-by-side views of DBS (1.75% 2yr fixed), OCBC, UOB (+0.70% 3M SORA), etc.
Apply multi-bank: Submit one Singpass-enabled form for offers from all partners – no shopping around.
Time refinancing: Switch from HDB if bank rates <2.6%; save S$500/month like real cases.[2]
Consult experts: Connect with Homejourney Mortgage Brokers for personalized advice.

Disclaimer: Rates change; this is not financial advice. Verify on official sites and consult professionals. Homejourney verifies data for your safety.[1][2]

Homejourney: Your Safe Path to Better Rates

Homejourney prioritizes trust with verified rates, daily SORA tracking, and secure Singpass applications. Find properties matching your budget via property search, then lock in the best rates. Read more in Home Loan Interest Rates Singapore FAQs 2026 Homejourney: Home Loan Interest Rates Singapore FAQs 2026 .