Maybank Home Loan Review Singapore 2026: The Complete Guide
Executive Summary: Maybank offers competitive home loan packages with fixed rates starting from 3.30% and SORA-based options from 1M Compounded SORA + 0.75% p.a. As one of Singapore's largest financial institutions, Maybank provides flexible financing solutions for both private property purchases and refinancing. This comprehensive review examines Maybank's mortgage products, current rates, application process, and how they compare to other major banks in Singapore's 2026 lending landscape. Whether you're a first-time buyer or refinancing your existing loan, this guide helps you understand if Maybank is the right choice for your property financing needs.
Table of Contents
- Maybank's Position in Singapore's Mortgage Market
- Maybank Home Loan Products Overview
- Current Maybank Home Loan Rates 2026
- Understanding Maybank's Rate Types
- Interest Rate Trends and Market Analysis
- Fixed Rate vs SORA: Which is Right for You?
- Eligibility Requirements and Loan Amount
- Maybank Home Loan Application Process
- Maybank Home Loan: Pros and Cons
- How Maybank Compares to Other Banks
- Maybank Refinancing Options
- How Homejourney Simplifies Your Maybank Application
- Frequently Asked Questions
- Next Steps: Getting Your Maybank Home Loan
Maybank's Position in Singapore's Mortgage Market
Maybank (Malayan Banking Berhad) is one of Southeast Asia's largest financial institutions and a major player in Singapore's residential mortgage market. With decades of experience in property financing and a strong presence across Singapore, Maybank serves thousands of homeowners and property investors annually. The bank's competitive positioning in the market is built on offering flexible loan structures, competitive interest rates, and customer-centric banking solutions.
In Singapore's 2026 lending environment, Maybank continues to rank among the top choices for home buyers, particularly those seeking fixed-rate mortgages. The bank's mortgage portfolio includes options for private property purchases, HDB flats, and refinancing scenarios, making it accessible to a broad spectrum of property buyers across different segments of the market.
Maybank's strength lies in its ability to offer competitive rates while maintaining a streamlined digital application process through its Maybank2u platform. The bank has invested significantly in digital banking infrastructure, allowing customers to manage their loans online and access competitive rates without extensive paperwork.
Maybank Home Loan Products Overview
Maybank offers a comprehensive suite of home loan products designed to meet different borrowing needs and preferences. Understanding these products is essential for selecting the right mortgage structure for your property purchase or refinancing goals.
Private Property Home Loans
Maybank's private property home loans cater to buyers purchasing condominiums, landed properties, and other private residential units. These loans offer financing up to 75% of the property value, with flexible repayment tenures and multiple rate options. The bank provides competitive packages specifically designed for the private property segment, which typically involves higher loan amounts than HDB financing.
Fixed Rate Home Loan Packages
Maybank's fixed rate packages provide payment certainty by locking in your interest rate for a specified period. These packages are ideal for borrowers who prefer predictable monthly repayments and want to protect themselves against potential interest rate increases. The fixed rate period typically ranges from 2 to 3 years, after which the loan converts to a floating rate based on the prevailing benchmark.
SORA-Based Floating Rate Packages
SORA (Singapore Overnight Rate Average) has become the primary floating rate benchmark in Singapore following the phasing out of SIBOR. Maybank offers multiple SORA-based packages with different spreads and lock-in periods, allowing borrowers to benefit from potential rate decreases while accepting some interest rate volatility.
Renovation Loan Bundle
Maybank offers an exclusive renovation loan bundle for home loan customers, featuring a special interest rate of 4.08% p.a. This integrated solution allows buyers to finance both their property purchase and renovation costs through a single lender, simplifying the borrowing process and potentially reducing overall financing costs.
Current Maybank Home Loan Rates 2026
As of December 2025, Maybank's home loan rates reflect the current Singapore interest rate environment. Here's a detailed breakdown of Maybank's current rate offerings:
| Product Type | Rate | Lock-in Period | Key Details |
|---|---|---|---|
| 2-Year Fixed Rate | 3.30% p.a. | 2 years | Converts to 1M Compounded SORA + 1.00% thereafter |
| 3-Year Fixed Rate | 3.75% p.a. | 3 years | Converts to 1M Compounded SORA + 1.00% thereafter |
| 1M Compounded SORA + 0.80% | SORA + 0.80% | 2 years | Converts to SORA + 1.00% after 2 years |
| 1M Compounded SORA + 0.75% | SORA + 0.75% | 4 years | Converts to SORA + 0.80% in Year 5 |
| 3M Compounded SORA + 0.70% | SORA + 0.70% | 2 years | Converts to SORA + 1.00% after 2 years |
| 3M Compounded SORA + 0.70% (No Lock-in) | SORA + 0.70% | None | Converts to SORA + 1.00% after 4 years |
| 36-Month Fixed Deposit Mortgage Rate (FDMR36) | 1.30% p.a. (from 16 Jan 2026) | 3 years | Requires 36-month fixed deposit placement |
Important Rate Update: Maybank announced a significant revision to its 36-Month Fixed Deposit Mortgage Rate (FDMR36), reducing it from 2.85% p.a. to 1.30% p.a. effective January 16, 2026. This represents one of the most competitive fixed rates available in the market for borrowers willing to place a 36-month fixed deposit with the bank.
Understanding Maybank's Rate Types
Maybank offers several different rate structures, each with distinct characteristics and implications for your monthly repayments. Understanding these options is crucial for making an informed decision about your mortgage.
Singapore Residential Financing Rate (SRFR)
The Singapore Residential Financing Rate (SRFR) currently stands at 5.10% p.a. This is a reference rate used by some banks for certain mortgage products. However, Maybank's primary offerings focus on fixed rates and SORA-based floating rates rather than SRFR-linked products.
Fixed Rate Mortgages
Fixed rate mortgages lock in your interest rate for a predetermined period, typically 2 or 3 years. During this period, your monthly repayment remains constant regardless of market interest rate movements. This provides payment certainty and is particularly attractive when interest rates are expected to rise. After the fixed period expires, the loan converts to a floating rate, usually tied to SORA plus a spread.
SORA-Based Floating Rates
SORA (Singapore Overnight Rate Average) is the primary benchmark interest rate in Singapore's mortgage market. Maybank offers both 1-Month and 3-Month Compounded SORA options. The 1-Month SORA adjusts monthly, while the 3-Month SORA adjusts quarterly. The total rate consists of SORA plus a spread (typically 0.70% to 1.00% depending on the package). Floating rate mortgages offer lower initial rates but expose borrowers to interest rate risk.
Fixed Deposit Mortgage Rate (FDMR)
The FDMR is a unique Maybank product that ties your mortgage rate to a fixed deposit placed with the bank. The 36-month FDMR at 1.30% p.a. (effective January 16, 2026) is particularly competitive, offering one of the lowest rates available in the market. However, this rate requires you to maintain a 36-month fixed deposit, which ties up capital but provides an attractive mortgage rate.
Interest Rate Trends and Market Analysis
Understanding current interest rate trends is essential for timing your mortgage decision. Singapore's mortgage market has experienced significant changes over the past year, with rates reaching 3-year lows in 2025. The chart below illustrates recent SORA and interest rate movements to help you understand the current market environment:
As shown in the chart above, interest rates have remained relatively stable in recent months, with SORA hovering around 3.35% to 3.50%. This stability provides an opportunity for borrowers to evaluate their options carefully. The gap between fixed rates (3.30%-3.75%) and floating SORA-based rates (SORA + 0.70%-1.00%) remains significant, giving borrowers a meaningful choice between payment certainty and potential savings.
Market analysts predict that Singapore's interest rates may remain stable or gradually decline in 2026, depending on global economic conditions and monetary policy decisions by the Monetary Authority of Singapore (MAS). This environment favors borrowers who can lock in current rates before potential increases occur.
Fixed Rate vs SORA: Which is Right for You?
One of the most important decisions in choosing a Maybank home loan is selecting between fixed and floating rates. This choice depends on your financial situation, risk tolerance, and market outlook.
