Compare mortgage rates across banks in Singapore
Use this page to compare mortgage rates across banks on the same day, with the source page and the date checked beside every figure. It is not a promo aggregator and it does not rank banks. Read the lock in period and the rate after the fixed period, not only the first year number.
Data note: every row below was read on 20 October 2026 from the bank's own public page, and each row links to that page. Where the page prints no rate, the row says rates on request instead of guessing. Rates are indicative, differ by loan size, property type and customer profile, and change without notice. Hong Leong Finance, RHB and the other finance companies were not checked in this round, so they are left out rather than shown with old figures.
| Lender | Package | Rate shown | Details | Lock in | Source |
|---|---|---|---|---|---|
| POSB and DBS | HDB Loan, 3 Year CPF OA | 1.78% | Years 1 to 3 at 1.78%, years 4 to 5 at 2.20%, thereafter 2.40%, each pegged below the CPF OA rate. Minimum loan S$100,000. | 3 yr | POSB HDB Loan page checked 20 Oct 2026 |
| DBS | Private property, fixed or SORA | Rates on request | The page says to contact the bank for 3M SORA or FHR package details. | See bank | DBS private property page checked 20 Oct 2026 |
| OCBC | Fixed and 3M Compounded SORA | Rates on request | The page text we could read on that date names the packages but shows no rate figures. | See bank | OCBC home loan page checked 20 Oct 2026 |
| UOB | Fixed and 3M Compounded SORA | Rates on request | The page text we could read on that date names fixed and SORA packages but shows no rate figures. | See bank | UOB private home loan page checked 20 Oct 2026 |
| Maybank | Fixed 2yr | 3.30% | Years 1 and 2 at 3.30%, then 1M Compounded SORA + 1.00%. Indicative, completed residential property, minimum loan S$100,000. | 2 yr | Maybank home loan rates checked 20 Oct 2026 |
| Maybank | Fixed 3yr | 3.75% | Years 1 to 3 at 3.75%, then 1M Compounded SORA + 1.00%. | 3 yr | Maybank home loan rates checked 20 Oct 2026 |
| Maybank | Floating, 1M Compounded SORA | 1M SORA + 0.80% | Years 1 and 2 at + 0.80%, thereafter + 1.00%. Completed properties. | 2 yr | Maybank home loan rates checked 20 Oct 2026 |
| Maybank | Floating, 3M Compounded SORA | 3M SORA + 0.70% | Years 1 to 3 at + 0.70%, thereafter + 1.00%. Completed properties. | 2 yr | Maybank home loan rates checked 20 Oct 2026 |
| Standard Chartered | Floating, 3M Compounded SORA | 3M SORA + 1.00% | Same spread in every year. The bank prints this table as valid from 27 February 2021, so confirm it is the package currently offered. | 2 yr | Standard Chartered SORA page checked 20 Oct 2026 |
| Citibank | Floating, 1M Compounded SORA (Citibanking, under S$1m) | 1M SORA + 1.00% | Same spread each year, completed property. At S$1m and above: + 0.95% in years 1 and 2, then + 1.00%. Minimum effective rate 0.85%. | 2 yr | Citibank pricing packages (printed 30 Sep 2026) checked 20 Oct 2026 |
| Citibank | Fixed 2yr (Citibanking, under S$1m) | 2.25% | Years 1 and 2 at 2.25%, then 1M Compounded SORA + 1.00%. At S$1m and above: 2.15%. Limited tranche. Citigold rates are lower and need Citigold status. | 2 yr | Citibank pricing packages (printed 30 Sep 2026) checked 20 Oct 2026 |
| HSBC | Premier preferential rate | As low as 1.54% | For HSBC Premier customers, loan of at least S$900,000 and relationship balance of at least S$200,000. Footnotes on the page apply. The standard package page prints no other rate figures. | See bank | HSBC home loans page checked 20 Oct 2026 |
| CIMB | Private property loan | Rates on request | The page text we could read on that date describes attractive interest rates but shows no rate figures. | See bank | CIMB private property loan page checked 20 Oct 2026 |
| HDB | Concessionary loan (not a bank) | CPF OA + 0.1% | Pegged 0.1 percentage point above the CPF Ordinary Account rate and reviewed quarterly. With the CPF OA rate at 2.50%, this is 2.60%. | None | HDB housing loan page checked 20 Oct 2026 |
Rates checked 20 Oct 2026 · SORA reference below
SORA reference. The latest 3 Month Compounded SORA on the MAS Domestic Interest Rates tool was 1.2492% per annum, for 16 October 2026. Source: Monetary Authority of Singapore, Domestic Interest Rates, checked 20 October 2026. A floating package adds the bank's spread to this figure, so the SORA reading on its own is not a loan rate.
Non bank and government options
Beyond the banks
HDB concessionary loan
For eligible HDB flat buyers, HDB itself offers a concessionary loan pegged at 0.1% above the CPF Ordinary Account interest rate and reviewed quarterly, which is 2.60% per annum with the CPF OA rate at 2.50% (HDB, checked 20 October 2026). It is not a bank product and behaves differently: no lock in penalty structure like a bank loan, but once you refinance away from it to a bank loan, HDB rules do not allow you to switch back.
Finance companies: Hong Leong Finance, Sing Investments and Finance
Singapore also has finance companies, licensed lenders distinct from full banks, that write home loans. Hong Leong Finance, RHB and Sing Investments and Finance also write residential mortgages. We did not read a current public rate for them on 20 October 2026, so we are not going to show one here. Ask the lender for a written quote. Bank of China also writes Singapore mortgages; the same applies.
How to read this table
- Fixed 2yr means the rate is locked for 24 months, then reverts to floating, usually SORA plus a spread that steps up over time.
- Lock in is the window during which redeeming or refinancing the loan early usually triggers a penalty, commonly around 1.5% of the outstanding amount.
- Reverts to / spread is what happens after the fixed period, or the spread over SORA a floating package charges from day one, and it usually steps up in later years.
- Watch for a legal or cash subsidy clawback too: many packages offset your conveyancing cost with a subsidy that must be repaid if you redeem or refinance inside the lock in.
- For BUC purchases, ask specifically whether a package supports progressive disbursement in step with construction, most bank loans do, but confirm the drawdown mechanics and any interest absorption scheme before signing. See the BUC progressive payment guide.
- For advice on which package structure fits your profile, cashflow, hold horizon, rate cycle view, book the Property Portfolio Analysis. This page explains structure, it does not recommend a specific bank.
3 Month Compounded SORA
The benchmark, 24 months of it
Loading current SORA reading...
3 Month Compounded SORA: 1.25% (as of 2026-10-16, source MAS). Down from 3.60% in August 2024.
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Show the SORA numbers behind this chart (table)
| Month | Average 3-month compounded SORA | Daily readings |
|---|---|---|
| October 2024 | 3.4552% | 22 |
| November 2024 | 3.2877% | 21 |
| December 2024 | 3.1391% | 21 |
| January 2025 | 2.9516% | 20 |
| February 2025 | 2.8181% | 20 |
| March 2025 | 2.6188% | 20 |
| April 2025 | 2.4687% | 21 |
| May 2025 | 2.3096% | 20 |
| June 2025 | 2.1687% | 21 |
| July 2025 | 1.9283% | 23 |
| August 2025 | 1.7142% | 21 |
| September 2025 | 1.5070% | 22 |
| October 2025 | 1.3940% | 22 |
| November 2025 | 1.2577% | 20 |
| December 2025 | 1.2104% | 22 |
| January 2026 | 1.1558% | 21 |
| February 2026 | 1.1381% | 18 |
| March 2026 | 1.0920% | 22 |
| April 2026 | 1.0469% | 21 |
| May 2026 | 1.0686% | 19 |
| June 2026 | 1.0743% | 21 |
| July 2026 | 1.1329% | 23 |
| August 2026 | 1.1380% | 20 |
| September 2026 | 1.2093% | 22 |
| October 2026 | 1.2359% | 12 |
| Latest daily reading, 16 October 2026 | 1.2492% | 1 |
Source: MAS eServices, Domestic Interest Rates, 3-Month Compounded SORA. Data as of 16 October 2026. The latest month is a part month. Figures can change after publication. Download SORA history (CSV)
What SORA means for your mortgage
SORA, the Singapore Overnight Rate Average, is the Monetary Authority of Singapore's benchmark, calculated as the volume weighted average of actual overnight interbank Singapore dollar borrowing. It replaced SIBOR as the standard reference for home loans. Most floating rate mortgages here are priced as compounded SORA, either the one month or three month figure, plus a fixed bank margin. A package quoted as three month compounded SORA plus 0.65%, for example, moves automatically as SORA moves, which is why floating packages are compared on the spread over SORA rather than a single fixed number. See the SORA glossary entry for the fuller explanation.
1 month vs 3 month compounded, what is the difference
Both are derived from the same daily SORA prints published by MAS, just averaged over a different trailing window. The 1 month compounded figure resets and reprices your instalment monthly, so it reacts faster when the benchmark is moving, in either direction. The 3 month compounded figure averages a longer trailing window, so it smooths out short swings but lags a little when the trend changes. Neither is inherently cheaper, the choice mostly changes how quickly your instalment reflects a shift in rates.
What a spread actually costs, in dollars
The spread over SORA is not an abstract number. On a S$750,000 loan over a 25 year tenure, a difference of 0.25 percentage points in the effective rate, moving from 1.20% to 1.45% for example, changes the monthly instalment by roughly S$87, about S$1,044 a year. On a S$1,000,000 loan the same 0.25 point gap is roughly S$116 a month, about S$1,392 a year. This is why the spread over the benchmark, not just the headline first year rate, is worth reading carefully in the table above.
Bank by bank
Go deeper on a specific lender
The table above is the fast comparison. These guides go deeper on specific lenders, what each tends to suit, what its lock in and clawback typically look like, and what to ask before signing. There is no dedicated guide yet for HSBC, UOB or Citibank on its own.