Overview of Singapore Home Loan Rates in 2026
Singapore home loan interest rates in 2026 continue to be influenced by the SORA (Singapore Overnight Rate Average) benchmark, which replaced SIBOR in 2024. Borrowers now choose between fixed-rate packages (typically 2–3 year lock-in) and floating SORA-pegged packages.
Current Fixed Home Loan Rates (2026)
Fixed rates offer certainty over your monthly repayments. Here are the current indicative rates from major Singapore banks:
DBS Bank offers the most competitive fixed rate at 3.10% p.a. for a 2-year lock-in period. This is ideal for borrowers who prefer payment stability.
OCBC Bank currently offers 3.18% p.a. fixed for 2 years. OCBC is known for flexible repricing options after the lock-in period ends.
UOB provides 3.15% p.a. fixed. UOB's home loan packages typically include free conversion features after lock-in.
Maybank offers the lowest fixed rate at 3.08% p.a., making it worth considering if you qualify for their eligibility criteria.
SORA-Pegged (Floating) Home Loan Rates
SORA floating rates are calculated as: 3-Month Compounded SORA + Bank Spread.
With 3M SORA at approximately 3.20% in April 2026, effective floating rates range from 4.02% to 4.15% p.a. — currently higher than fixed rates.
Which Should You Choose: Fixed or Floating?
In the current rate environment where SORA rates remain elevated, fixed-rate packages offer lower effective rates for the near term. However, if SORA rates are expected to fall significantly, switching to a floating package after your fixed lock-in could save money.
Our recommendation: Lock in a 2-year fixed rate now. Reassess when your lock-in period expires.
How to Apply for a Home Loan in Singapore
1. Get an In-Principle Approval (IPA) from your preferred bank 2. Ensure your TDSR does not exceed 55% of gross monthly income 3. Prepare documents: NRIC, payslips (3 months), CPF statement, option to purchase 4. Submit formal loan application within 21 days of exercising the Option to Purchase
Use Our Home Loan Calculator
Use our free home loan calculator Singapore to estimate your monthly repayments based on the current rates above.