For most people buying property in Singapore — whether an HDB flat, a private condo, or commercial/industrial space — the mortgage rate is one question you can’t avoid.
The short answer (as of June 2026): the 3-month compounded SORA — the main benchmark for floating home loans in Singapore, published by the Monetary Authority of Singapore (MAS) — has fallen to about 1.07% (MAS, 9 June 2026), a sharp drop from its ~3.7% peak in late 2023. As of 10 June 2026, the latest packages on a completed private home are around 1.26% floating (3-month SORA + 0.2%) and from about 1.40% for a 2-year fixed — the two are now very close.
For many borrowers that means one thing: if your old loan is still stuck above 3%, now is likely a good time to refinance or reprice and save. Below, the latest rates by property type.
Table of Contents
Singapore Home Loan Rates at a Glance (June 2026)
Rates, loan conditions and taxes differ a lot by property type. Here are the lowest reference rates for each type (as of 10 June 2026):
| Property type | Floating (lowest) | Fixed (lowest) | Key conditions |
| Completed private | ~1.26% | ~1.40% | 1st-loan LTV up to 75%; TDSR 55% |
| HDB (bank loan) | ~1.29% | ~1.45% | LTV up to 75%; or the HDB loan at fixed 2.6%; foreigners generally cannot buy resale HDB |
| BUC (under construction) | ~1.26% | Floating only | Progressive payment; can switch to fixed after TOP |
| Commercial | ~1.64% | ~1.90% | 9% GST payable; not subject to TDSR if bought via a company; no ABSD; CPF cannot be used |
| Industrial | ~2.09% | ~2.68% | GST payable; shorter tenure; usually held via a company |
Latest Bank Rates by Property Type (10 June 2026)
The rates below are compiled by our mortgage team, as of 10 June 2026, for reference only; packages, loan size, lock-in and case-by-case approval vary, and the actual rate and approval rest with each bank. Happy to help you compare and apply.
1. Completed Private
Fixed packages
| Bank | Fixed rate (first 2 years) |
 HSBC |
1.40% |
 Citibank |
1.45% |
 Maybank |
1.45% |
 OCBC |
1.60% |
 Standard Chartered |
1.60% |
 DBS |
1.63% |
 UOB |
1.70% |
 Hong Leong |
1.95% |
Floating packages (SORA-pegged)
| Bank | Rate | Peg |
| HSBC |
1.26% | 3M SORA + 0.20% |
| Maybank |
1.26% | 3M SORA + 0.20% |
| Citibank |
1.29% | 3M SORA + 0.23% |
| OCBC |
1.31% | 3M SORA + 0.25% |
| Standard Chartered |
1.31% | 3M SORA + 0.25% |
| DBS |
1.34% (yr 2: 1.36%) | 3M SORA + 0.28% |
| UOB |
1.36% | 3M SORA + 0.30% |
2. HDB
HDB buyers can choose the HDB concessionary loan (fixed 2.6%, pegged to the CPF Ordinary Account rate + 0.1%, reviewed quarterly) or a bank loan. Bank rates are currently well below HDB’s 2.6%, but they float and lack some of the HDB loan’s flexibility (lower cash down, full CPF use). Note: foreigners generally cannot buy resale HDB flats.
Bank fixed packages
| Bank | Fixed rate (first 2 years) |
| HSBC |
1.45% |
| OCBC |
1.60% |
| UOB |
1.60% |
| Maybank |
1.65% |
| Hong Leong |
1.65% |
| DBS |
1.68% |
Bank floating packages (SORA-pegged)
| Bank | Rate | Peg |
| HSBC |
1.29% | 1M SORA + 0.20% |
| OCBC |
1.31% | 3M SORA + 0.25% |
| Maybank |
1.36% | 3M SORA + 0.30% |
| UOB |
1.41% | 3M SORA + 0.35% |
| Standard Chartered |
1.41% | 3M SORA + 0.35% |
| Citibank |
1.74% | 3M SORA + 0.68% |
| DBS |
1.81% | 3M SORA + 0.75% |
3. Building Under Construction (BUC)
Properties under construction use progressive payment — the bank disburses in stages as construction progresses and charges interest only on the amount disbursed — so banks currently offer floating-rate packages only; once the property is completed (TOP obtained) you can usually switch to a fixed rate.
| Bank | Rate | Peg |
| HSBC |
1.26% | 3M SORA + 0.20% |
| Maybank |
1.29% | 1M SORA + 0.20% |
| UOB |
1.31% | 3M SORA + 0.25% |
| DBS |
1.34% | 3M SORA + 0.28% |
| OCBC |
1.34% | 3M SORA + 0.28% |
| Citibank |
1.41% | 3M SORA + 0.35% |
| Standard Chartered |
1.41% | 3M SORA + 0.35% |
4. Commercial Property
Commercial rates are typically higher than residential, with shorter tenures, and 9% GST is payable on purchase (claimable if the buyer is a GST-registered company). Bought via a company, it is generally not subject to TDSR (assessed on the company’s credit) and no ABSD applies; CPF cannot be used.
Fixed packages
| Bank | Fixed rate (first 2 years) |
| DBS |
1.90% |
| Standard Chartered |
2.00% |
| UOB |
2.40% |
| Maybank |
2.68% |
Floating packages (SORA-pegged)
| Bank | Rate | Peg |
| DBS |
1.64% | 3M SORA + 0.58% |
| Standard Chartered |
1.74% | 3M SORA + 0.68% |
| UOB |
2.06% | 3M SORA + 1.00% |
| Maybank |
2.09% | 1M SORA + 1.00% |
5. Industrial Property
Industrial property is also subject to GST, has shorter tenures and is usually held via a company. Options are currently limited, led by Maybank: fixed 2.68% / floating 2.09% (1M SORA + 1.00%). Other banks can quote case by case.
What is SORA? Fixed vs. Floating Rates
SORA (Singapore Overnight Rate Average) is published by MAS each business day. It has replaced the older SIBOR/SOR and is now the main benchmark for floating home loans in Singapore, with the 3-month compounded SORA the most common. With the benchmark in mind, the two common rate types are:
- Fixed rate
- Locked in when you sign the loan agreement.
- Interest is charged at the agreed fixed rate throughout the lock-in, unaffected by market swings.
- Suits those who value predictable repayments.
- Floating rate
- Rate = benchmark (e.g. 3-month SORA) + the bank’s spread; it moves with the benchmark.
- When the benchmark falls you pay less; when it rises your rate rises too.
- With SORA currently low, floating is slightly cheaper than fixed, but carries future volatility.
Should You Refinance or Reprice?
After the steep fall in rates, many loans locked in at 3.5%–4% in 2022–2023 are now clearly expensive. There are two ways to bring the rate down:
- Refinancing: move the loan to another bank for a lower rate; may involve legal and valuation costs (many banks offer subsidies).
- Repricing: switch to a cheaper package within your current bank — simpler, usually no legal/valuation fees, and faster.
When is it worth it? When your old rate is clearly above the market (e.g. still above 3%), or when your lock-in is about to end.
A few practical notes:
- Lock-in period: usually 2 years; repaying early during lock-in typically incurs a penalty of 0.75%–1.5% of the loan amount repaid early, depending on the bank and package — the exact rate is stated in your mortgage Letter of Offer (LO).
- Notice period: banks generally need about 3 months’ notice, so start comparing 4–6 months before your lock-in ends.
- Subsidy clawback: if you took legal/valuation subsidies, refinancing within ~3 years usually claws them back pro-rata.
A quick example (illustrative): on a S$1,000,000 loan with 25 years remaining, moving from 3.5% to today’s 1.6% (2-year fixed) cuts the monthly payment from about S$5,010 to about S$4,050 — saving roughly S$960 a month (~S$11,500 a year). Your actual saving depends on your balance, remaining tenure and rate — use the calculator below to estimate.
Fixed or Floating — Which to Choose?
What’s unusual in mid-2026 is that fixed (~1.4%–1.7%) and floating (~1.26%–1.4%) are very close — often only a fraction of a percent apart. That means you can lock in the certainty of a fixed rate at almost floating-rate cost.
- Value certainty, or worried rates rebound: choose fixed — pay a touch more to be insulated from SORA swings for 2 years.
- Can tolerate volatility, or may sell / prepay soon: choose floating — currently cheaper, and most floating packages have shorter lock-ins and more flexible prepayment.
The market broadly sees SORA near its lows in 2026, with a modest rebound not ruled out — worth factoring into your decision.
Key Factors Driving Mortgage Rates
- US Federal Reserve & global monetary policy
- Singapore rates are heavily influenced by the global (especially Fed) rate cycle; SORA tends to fall in easing cycles and rise in tightening ones.
- Market competition & bank strategy
- Banks periodically push more attractive packages to win market share; the spread differs by bank and by timing, directly affecting your final rate.
Calculate Your Monthly Repayment
Want to see how your monthly payment and total interest change across rates? Use our free mortgage calculator — enter the loan amount, tenure and rate to estimate; then read how much you can borrow to understand how LTV (up to 75% on a first home loan) and TDSR (55%) cap your loan.
Related Articles:
- Monetary Authority of Singapore (MAS) — SORA benchmark: mas.gov.sg/monetary-policy/sora
- Monetary Authority of Singapore (MAS) — Loan-to-Value (LTV) & Total Debt Servicing Ratio (TDSR) rules: mas.gov.sg/regulation/explainers/new-housing-loans
- Housing & Development Board (HDB) — housing loan interest rate: hdb.gov.sg
For further enquiries, please get in touch:
WeChat: sgleokwek
Telegram: sgleokwek
WhatsApp: Message us
