Compare home loan packages from all Singapore banks and review the rates, lock-in periods and key terms that can affect your financing decision.
Compare indicative home loan rates and packages from participating banks. Final pricing, eligibility, loan quantum and approval remain subject to each bank’s assessment and prevailing terms.
| Package detail |
Bank Promo 4
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CITI
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Bank Promo 6
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Bank Promo 2
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Bank Promo 5
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CITI
|
Bank Promo 6
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Bank Promo 2
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|---|---|---|---|---|---|---|---|---|
| Rate type | 1M SORA | 3M SORA | 3M SORA | 3M SORA | 3M SORA | 1M SORA | 1M SORA | 1M SORA |
| Year 1 rate | 1.51% | 1.52% | 1.52% | 1.52% | 1.52% | 1.56% | 1.56% | 1.56% |
| Year 2 rate | 1.51% | 1.52% | 1.52% | 1.52% | 1.52% | 1.56% | 1.56% | 1.56% |
| Lock-in | 2 years | 2 years | 2 years | 2 years | 2 years | 2 years | 2 years | 2 years |
| Enquiry |
Rates shown are indicative and may change without notice. Final eligibility, pricing and terms are subject to the bank’s assessment.
The lowest introductory rate is only one part of a home loan. Compare the complete pricing structure, flexibility and applicable conditions before making a decision.
Review how the interest rate changes throughout the package, including the applicable benchmark, bank spread and pricing after any introductory or fixed-rate period.
Check the lock-in period together with early redemption, partial repayment and property-sale provisions before committing.
Property type, loan amount, borrower profile and the bank’s prevailing criteria can determine which packages and promotional rates are available to you.
Legal subsidies, cash rebates and other incentives may come with clawback conditions if the loan is redeemed, refinanced or otherwise terminated within a specified period.
Start with the financing path that reflects your current property plans.
Coordinate your home loan with the down payment, available cash and CPF funds, stamp duties and property completion timeline.
Compare repricing and refinancing options together with switching costs, lock-in conditions and the potential savings over a realistic holding period.
Neither structure is automatically better. The right choice depends on how much repayment certainty and flexibility you need, as well as your expected holding period.
A fixed rate package provides greater interest-rate certainty during the stated fixed period. Review the lock-in conditions and the pricing that applies after the fixed period ends.
A floating rate package can move with an underlying benchmark or bank reference rate. For SORA-linked packages, compare the applicable Compounded SORA tenor, bank spread, reset frequency and your ability to manage potential rate movements.
A published or displayed rate is the starting point. Your final package remains subject to the bank’s eligibility criteria, credit assessment and applicable loan conditions.
Compare the complete package structure, including initial rates, subsequent pricing, lock-in periods and relevant package features.
Check whether the property type, requested loan amount, borrower profile and financing purpose meet the lender’s prevailing requirements.
Consider rates, lock-in conditions, early repayment provisions, fees, subsidies, clawbacks and subsequent-year pricing before proceeding.
Submit the required information and supporting documents. The bank will determine the approved loan quantum, applicable pricing and final conditions after completing its assessment.
Understand the key terms and considerations when comparing home loan rates in Singapore.
A fixed-rate home loan keeps the applicable interest rate unchanged for a specified period, giving you greater repayment certainty during that period.
A floating-rate package can move over time and may be linked to SORA or another reference rate used by the bank. If the underlying reference rate changes, your mortgage interest rate and repayment may also change.
SORA stands for Singapore Overnight Rate Average. It reflects the volume-weighted average rate of unsecured overnight Singapore-dollar transactions in Singapore’s interbank market.
Many floating-rate home loans use Compounded SORA together with a fixed bank spread to determine the applicable mortgage rate.
A SORA-linked mortgage is typically expressed as a Compounded SORA benchmark plus a bank spread.
For example, if a package is based on 3-month Compounded SORA plus a stated spread, the applicable mortgage rate will change when the relevant SORA benchmark resets according to the package terms.
No. The introductory rate should be considered together with later-year pricing, lock-in periods, early redemption conditions, partial repayment flexibility, subsidies, rebates and other applicable fees.
A slightly higher headline rate may sometimes offer terms that better suit your expected holding period or repayment plans.
After the fixed-rate period, the loan generally moves to the subsequent pricing structure stated in the package.
This may be a floating rate based on SORA or another reference rate, plus the applicable bank spread. Always review the post-fixed pricing before accepting the package.
A lock-in period is a specified period during which redeeming, refinancing or making certain repayments on the loan may result in penalties or other charges.
The exact restrictions vary by package, so the lock-in period should be reviewed together with early redemption and partial repayment provisions.
The bank spread is the margin added to the applicable SORA benchmark to determine the mortgage interest rate.
When comparing SORA-linked packages, consider both the spread and the relevant Compounded SORA tenor rather than comparing the spread alone.
Published rates are generally indicative and may apply only to borrowers or loans that meet specified conditions.
Your final rate can depend on factors such as property type, loan quantum, financing purpose, borrower profile and the bank’s prevailing package and credit criteria.
Yes, but they should be considered together with their conditions.
Legal subsidies and cash rebates can reduce the initial cost of taking up or refinancing a loan, but a clawback may apply if you redeem or refinance the mortgage within a specified period.
Compare them using the same loan amount and tenure where possible, then review the interest rate structure across the period you expect to hold the package.
Also consider lock-in periods, subsequent pricing, fees, subsidies, repayment flexibility and any potential switching costs. The lowest first-year rate alone may not represent the lowest overall borrowing cost.
Use our calculators to estimate affordability and financing costs, then compare shortlisted home loan packages with a clearer understanding of your requirements.
