Best Home Loans in Singapore: Bank Rates Compared
| # | Name | Best for |
|---|---|---|
| 1 | Bank of China | private property buyers who want a fixed rate |
| 2 | Citibank | refinancing, cash-out loans and existing Citigold customers |
| 3 | DBS Bank | HDB buyers who want a lower rate than the HDB loan, and anyone who wants one bank for everything |
| 4 | HSBC | large loans, Premier customers and borrowers who prefer floating rates |
| 5 | OCBC Bank | buyers of overseas property and owners rebuilding a landed home |
| 6 | Maybank | private property buyers comparing floating rates |
| 7 | POSB | HDB buyers and existing POSB customers |
| 8 | Standard Chartered | private property buyers who want a low fixed rate |
| 9 | UOB (United Overseas Bank) | private property buyers applying online |
| 10 | Hong Leong Finance | HDB owners getting quotes beyond the big banks |
The best home loan in Singapore depends on your property type and how much rate risk you can take. On 6 October 2026, PropertyNet’s comparison put the lowest 2-year fixed rate for private condos at 1.70% p.a. (Standard Chartered). Its lowest floating rate was 3M SORA + 0.20%, about 1.43% p.a. (HSBC and Maybank). For HDB flats, DBS and POSB advertise HDB loans from 1.78% p.a. That is below the HDB concessionary loan rate of 2.6% p.a. Rates change often, so get a quote from at least three banks before you sign.
What’s changed in 2026
- Compounded SORA has fallen. On 6 October 2026, 1M SORA was 1.26% and 3M SORA was 1.23%.
- SIBOR is gone. Floating packages are now pegged to 1M or 3M Compounded SORA, or to the bank’s own board rate.
- Bank fixed rates for HDB flats now start well below the 2.6% p.a. HDB loan rate.
- HDB loans and bank loans are both capped at 75% loan-to-value since the August 2024 cooling measures.
- UOB runs an online-only promotion for private home loans from 1 October 2026 to 31 March 2027.
- We corrected the contact numbers for Bank of China, Citibank, HSBC, OCBC and UOB, and added Hong Leong Finance.
Home loan rates in Singapore at a glance (6 October 2026)
| Property type | Lowest floating rate | Lowest 2-year fixed rate |
|---|---|---|
| Private condo | 1.43% p.a. (HSBC, Maybank: 3M SORA + 0.20%) | 1.70% p.a. (Standard Chartered) |
| HDB flat | 1.46% p.a. (HSBC: 1M SORA + 0.20%) | 1.65% p.a. |
| New launch / under construction | 1.43% p.a. (HSBC: 3M SORA + 0.20%) | Not usually offered |
Source: PropertyNet rate table, updated 6 October 2026. Your rate depends on loan size, tenure and your profile. Confirm with the bank.
What to look for in a home loan in Singapore
Start with the rate type. A fixed rate keeps your instalment the same for two or three years. A floating rate moves with SORA, so it can rise or fall.
Next, check the lock-in period. Repaying or refinancing during lock-in usually costs a penalty, often a percentage of the amount repaid.
Then check the minimum loan amount. Some of the cheapest packages need a loan of S$500,000 or more.
Finally, compare the extras: legal and valuation subsidies, cash rebates and free conversion after lock-in. Look at the rate after the promo years too, not just year one.
Bank of China
Best for
- private property buyers who want a fixed rate
- Website
- bankofchina.com
- Address
- Bank of China Building, 4 Battery Road, Singapore 049908
- Customer service
- 1800 669 5566 (overseas +65 6779 5566), enquiry.sg@bankofchina.com
- Loans
- Fixed and SORA-pegged mortgages for private property, refinancing, BOC Green Mortgage Programme
Bank of China is mainly known for its fixed-rate packages for private homes. It also runs a Green Mortgage Programme for eligible green-certified properties.
The bank updated its standard terms for residential and commercial property mortgages from 25 September 2026. Read the notice on its website before you sign.
Comparison sites report that Bank of China does not offer HDB flat loans. Ask the bank directly if you are buying an HDB flat.
Citibank
Best for
- refinancing, cash-out loans and existing Citigold customers
- Website
- citibank.com.sg
- Home Loan Line
- +65 6238 8838 (24 hours); CitiPhone +65 6225 5225
- Loans
- New property loans, refinancing, cash-out refinancing, fixed and Compounded SORA packages
Citibank offers loans for new purchases and refinancing, plus cash-out refinancing to release equity from a property you own.
Its Mortgage Loan Interest Offset links your deposits to your loan. Interest earned on the deposits reduces the interest you pay.
Citigold and Citigold Private Client customers can get preferential rates. Citi also offers in-principle approval so you can check eligibility before you view homes.
Citi currently advertises perks worth up to S$5,800. Check the terms and end date with the bank.
DBS Bank
Best for
- HDB buyers who want a lower rate than the HDB loan, and anyone who wants one bank for everything
- Website
- dbs.com.sg
- Phone
- 1800 111 1111
- Loans: HDB loans, private property loans, refinancing, Green Home Loan, cash-out loan, renovation loan, Home Equity Income Loan, commercial and industrial property loans
DBS has the widest range of home loan products in this list. Its HDB loan starts from 1.78% p.a. with no early repayment fees.
The DBS Green Home Loan gives preferential rates on Green Mark-certified new launches. The Home Equity Income Loan lets retirees draw monthly income from their home’s value.
DBS currently offers up to S$4,000 in cash or shopping vouchers for new purchases and refinancing. Terms apply.
HSBC
Best for
- large loans, Premier customers and borrowers who prefer floating rates
- Website
- hsbc.com.sg
- Phone
- +65 6472 2669
- Loans
- New property loans, refinancing, home equity loans, 2- or 3-year fixed rates, 1M or 3M Compounded SORA floating rates
HSBC had the lowest floating rates in PropertyNet’s 6 October 2026 table. Those were 3M SORA + 0.20% for private condos and 1M SORA + 0.20% for HDB flats.
Premier customers can get preferential rates from 1.49% p.a. This needs a loan of at least S$900,000 and S$200,000 in relationship balances.
HSBC offers up to S$3,500 cash for refinancing. Its SmartMortgage uses your deposits to offset loan interest.
The Green Mortgage waives conversion fees for Green Mark Gold Plus properties.
OCBC Bank
Best for
- buyers of overseas property and owners rebuilding a landed home
- Website
- ocbc.com
- Phone
- +65 6363 3333
- Loans
- HDB and private property loans, refinancing, repricing, overseas property loans, construction loans
OCBC covers HDB flats and private homes, with both fixed and floating packages.
Existing OCBC borrowers can reprice to another OCBC package instead of refinancing elsewhere.
OCBC also finances property in Australia, London, New York, Malaysia and Tokyo. Its construction loans cover up to 75% of building or enhancement costs.
Maybank
Best for
- private property buyers comparing floating rates
- Website
- maybank2u.com.sg
- Phone
- +65 6533 5229
- Loans
- HDB and private property loans, refinancing, fixed and SORA-pegged packages
Maybank tied with HSBC for the lowest private condo floating rate on 6 October 2026: 3M SORA + 0.20%. It was also the lowest-cost lender for industrial property loans in that table.
Maybank finances both HDB flats and private property, up to the 75% loan-to-value limit.
Comparison sites report a minimum loan of around S$500,000 for some packages. Check with the bank for your loan size.
POSB
Best for
- HDB buyers and existing POSB customers
- Website
- posb.com.sg
- Phone
- 1800 339 6666
- Loans
- HDB loans, private property loans, refinancing
POSB is part of DBS and shares its home loan range. Its HDB loan starts from 1.78% p.a. with no early repayment fees.
POSB also offers private property loans and refinancing. It currently gives up to S$4,000 in cash or shopping vouchers for purchases and refinancing.
It suits HDB owners who already bank with POSB and want a simple application.
Standard Chartered
Best for
- private property buyers who want a low fixed rate
- Website
- sc.com
- Phone
- +65 6747 7000
- Loans
- HDB and private property loans, MortgageOne, repricing, Green Mortgage
Standard Chartered had the lowest 2-year fixed rate for private condos on 6 October 2026, at 1.70% p.a.
Its MortgageOne account offsets loan interest against interest earned on your deposits. You can still withdraw the money when you need it.
Existing borrowers can reprice to a lower rate. The Green Mortgage covers energy-efficient homes.
UOB (United Overseas Bank)
Best for
- private property buyers applying online
- Website
- uob.com.sg
- Phone
- 1800 388 2121 (8am to 8pm)
- Loans
- HDB home loans, private home loans, refinancing, fixed and 3M Compounded SORA packages
UOB lends up to 75% of the property value. The tenure can run to 35 years or age 75, whichever is earlier.
You can get in-principle approval online within minutes. Conversion to another package is free after the lock-in ends.
From 1 October 2026 to 31 March 2027, UOB gives Takashimaya vouchers for online private home loan applications. These are S$500 for loans from S$500,000, S$700 from S$1 million and S$1,200 from S$1.5 million.
Hong Leong Finance
Best for
- HDB owners getting quotes beyond the big banks
- Website
- hlf.com.sg
- Phone
- 6579 6777
- Loans
- HDB home loans, private property loans, Mortgage Equity @50
Hong Leong Finance is a Singapore finance company, not a bank. It offers HDB and private property loans and is often quoted by mortgage brokers.
Mortgage Equity @50 is a loan against your property for owners aged 50 and above.
Ask for the rate after the lock-in years. Comparison sites report its later-year rates can be higher than the banks’.
Frequently Asked Questions
What is the best home loan in Singapore right now?
There is no single best loan. On 6 October 2026, Standard Chartered had the lowest 2-year fixed rate for private condos at 1.70% p.a. HSBC and Maybank had the lowest floating rate at 3M SORA + 0.20%.
What are current home loan interest rates in Singapore?
On 6 October 2026, bank home loans for private homes started at about 1.43% p.a. floating and 1.70% p.a. fixed for two years. 3M Compounded SORA was 1.23%. Your rate will depend on your loan size and profile.
Should I take an HDB loan or a bank loan?
The HDB loan rate is 2.6% p.a., and HDB is flexible on late payments and early repayment. Bank HDB packages start from about 1.78% p.a. at DBS and POSB, but rates reset after the promo years. If you take a bank loan, you cannot switch back to an HDB loan later.
How much can I borrow for a home loan in Singapore?
Both HDB and bank loans are capped at 75% of the price or valuation, whichever is lower. Your total monthly debt repayments cannot exceed 55% of gross monthly income under the TDSR. For HDB flats and ECs, the mortgage alone is capped at 30% of income under the MSR.
Is a fixed or floating rate better in 2026?
Choose fixed if you want the same instalment for two or three years. Choose floating if you expect SORA to stay low or may sell soon. Floating rates were slightly lower than 2-year fixed rates for private homes in October 2026.
How do I compare home loan rates in Singapore?
Get written quotes from at least three banks for the same loan amount and tenure. Compare the rate for every year, the lock-in period, penalties and subsidies. A mortgage broker can collect quotes for you, but ask how they are paid.
When should I refinance my home loan?
Start about three to four months before your lock-in ends. Compare refinancing with another bank against repricing with your current bank. Factor in legal and valuation costs unless the new bank subsidises them.
What is a lock-in period?
It is the period, usually two or three years, when repaying or refinancing triggers a penalty. After it ends, you can usually repay early or switch without that penalty.
Sources
Checked on 7 October 2026. Prices and hours change; confirm with the business before you go.
- propertynet.sg — Rates and SORA figures dated 6 Oct 2026; HSBC, Maybank, SCB, DBS active packages
- bankofchina.com — BOC operating; Green Mortgage Programme; mortgage T&C notice effective 25 Sep 2026
- boc.cn — BOC customer service and card hotline numbers, email
- roshi.sg — Snippet: BOC does not offer HDB loans (third-party)
- citibank.com.sg — Citi still offers mortgages
- www1.citibank.com.sg — Citi mortgage products, interest offset, S$5,800 perks
- citibank.com.sg — Citi Home Loan Line and CitiPhone numbers
- dbs.com.sg — DBS products, HDB loan from 1.78%, S$4,000 rewards, phone
- hsbc.com.sg — HSBC hotline +65 6472 2669
- hsbc.com.sg — HSBC products, Premier 1.49% offer, refinance cash, 2026 referral programme
- ocbc.com — OCBC products and phone
- posb.com.sg — POSB HDB loan from 1.78%, private loans, refinancing, phone
- sc.com — SCB mortgage products
- sc.com — Snippet: SCB phone +65 6747 7000
- uob.com.sg — UOB products, tenure, LTV, 1 Oct 2026u201331 Mar 2027 promotion, phone
- hlf.com.sg — Hong Leong Finance loans, phone, 7 Oct 2026 notice
- blog.moneysmart.sg — Snippet: HDB loan 2.6% p.a. and 75% LTV since Aug 2024