Singapore Mortgage Rates 2026, Compare Every Bank
Twelve lenders, side by side, fixed and floating, with the SORA benchmark behind the floating packages explained properly. This is not a promo aggregator: it reflects standard walk in rates for typical loan quantums, dated so you always know how current the number is. Rates change weekly, so the table below is a starting reference, confirmed on enquiry, not a live feed.
Data note: the packages below are from our most recent verified survey, dated 29 April 2026 (Hong Leong Finance figures are from September 2025, the oldest in this set). Bank desks reprice on their own schedule, often weekly, and quote differently by quantum, citizenship and profile. Treat every number here as a starting point. We never invent a rate: where a figure is not confirmed, we say so rather than guess.
| Lender | Package | Rate, Apr 2026 | Reverts to / spread | Lock in |
|---|---|---|---|---|
| DBS | Fixed 2yr | 1.70% | 3M SORA + 1.00% from year 3. Min S$500k, 100% penalty waiver on sale. | 2 yr |
| POSB (DBS, HDB) | Fixed 3yr | 1.70% | 3M SORA + 1.00% from year 4. The main POSB HDB loan variant. | 3 yr |
| DBS | Floating SORA | 1.32% | 3M SORA + 0.30% yr1 to 2, + 0.45% yr3, + 0.75% thereafter. | 2 yr |
| OCBC | Fixed 2yr | 1.65% | 3M SORA + 0.65% yr3, then + 1.00% thereafter. Min S$400k private. | 2 yr |
| OCBC | Fixed 3yr | 1.50% | Reverts to a floating SORA package thereafter. Min S$400k. | 3 yr |
| OCBC | Floating SORA | 1.22% | 1M SORA + 0.25% yr1 to 2, + 0.75% thereafter. | 2 yr |
| UOB | Fixed 2yr | 1.55% | 3M SORA + 1.00% thereafter. | 2 yr |
| UOB | Fixed 3yr | 1.50% | 3M SORA + 1.00% from year 4. | 3 yr |
| UOB | Floating SORA | 1.72% | 3M SORA + 0.70% yr1 to 2, + 0.80% yr3, + 1.00% thereafter. | 2 yr |
| Standard Chartered | Fixed 2yr | 1.45% | Among the more competitive fixed packages surveyed; free conversion feature available. | 2 yr |
| Standard Chartered | Fixed 1yr | 1.60% | HDB and private. Reverts to floating after yr1; yr2 at 1.65%. | 1 yr |
| Standard Chartered | Floating SORA | 1.22% | 1M SORA + 0.25% yr1 to 2, + 0.40% yr3, + 0.60% thereafter. | 2 yr |
| Maybank | Fixed 2yr | 1.40% | Among the lowest fixed rates surveyed; reverts to SORA plus spread thereafter. | 2 yr |
| Maybank | Floating SORA | 1.17% | 1M SORA + 0.20% yr1 to 2; reverts to 1M SORA + 1.00% thereafter. | 2 yr |
| HSBC | Fixed 2yr | 1.45% | Reverts to roughly 3M SORA + 0.65% from year 3. | 2 yr |
| HSBC | Floating SORA | 1.52% | Roughly 3M SORA + 0.50% effective. | 2 yr |
| Citibank | Fixed 2yr | 2.40% | Standard tier; Citigold relationship tier quoted lower, around 2.15%. Reverts to roughly 3M SORA + 1.27%. | 2 yr |
| Citibank | Floating SORA | 2.34% | Standard tier at roughly 3M SORA + 1.32%; Citigold tier notably lower, around 3M SORA + 1.02%. | 2 yr |
| Hong Leong Finance Sep 2025 data | Fixed 2yr | 1.85% | For loans above S$500k. Reverts to Board Rate minus 2.65%, roughly 3.50%, from year 3. | 2 yr |
| Hong Leong Finance Sep 2025 data | Fixed 3yr | 1.85% | For loans above S$500k. Reverts similarly from year 4. | 3 yr |
| CIMB | Floating SORA | 1.32% | 3M SORA + 0.30% yr1, + 0.35% yr2, + 0.40% yr3, + 1.00% thereafter. No fixed package in this survey; ask if one is currently offered. | 2 yr |
| RHB | Floating SORA | 1.32% | 1M SORA + 0.35% yr1 to 2, + 1.00% thereafter. No fixed package in this survey; ask if one is currently offered. | 2 yr |
Table above dated 29 Apr 2026, Hong Leong Finance Sep 2025 · SORA 3M live below
Non bank and government options
Beyond the banks
HDB concessionary loan
For eligible HDB flat buyers, HDB itself offers a concessionary loan fixed at 2.6% per annum, pegged at 0.1% above the CPF Ordinary Account interest rate. 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 is in the table above. Sing Investments and Finance also offers residential mortgages; we do not have a verified current rate for it in this survey, so we are not going to guess one here, ask Winfred for a live quote if this lender is relevant to you. Bank of China also writes Singapore mortgages; the same applies, no verified figure to publish yet.
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
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3 Month Compounded SORA: 1.13% (as of 2026-08-03, source MAS). Down from 3.60% in August 2024.
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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 go deeper on the four lenders readers ask about most, what each tends to suit, what its lock in and clawback typically look like, and what to ask before signing.