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Home Loan Rates Singapore

Compare the latest mortgage rates across floating, 2-year fixed, 3-year fixed, and 5-year fixed packages from all major banks in Singapore.

Updated: 4 Aug 2026

Compare Home Loan Rates

View the best available rates across 2-year fixed, 3-year fixed, 5-year fixed, and floating rate packages. All rates shown are the lowest available from major Singapore banks for both purchase and refinance.

BankRate TypeYear 1 RateAvg. RateAction
2-year Fixed
Lock-in: 2 years
1.35%
per annum
1.35%
over 2 years lock-in
HSBC
3-year Fixed
Lock-in: 3 years
1.60%
per annum
1.60%
over 3 years lock-in
OCBC
5-year Fixed
Lock-in: 5 years
1.98%
per annum
1.98%
over 5 years lock-in
DBS
Floating
No lock-in
DBS FHR6 + 0.50%
Currently 1.30% p.a.
1.30%
No lock-in

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Rates for HDB resale & BTO properties

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Rates for private properties & condos

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Understanding Singapore Mortgage Rates

Choosing the right home loan is about more than just picking the lowest percentage. Each rate type—floating, 2-year fixed, 3-year fixed, and 5-year fixed—comes with its own trade-offs. Here's what you should know before making a decision.

Floating Rate Mortgages

Floating (or variable) rates are usually pegged to benchmarks likeSORA in Singapore. Your monthly repayments will rise or fall depending on market conditions. These packages often start with thelowest initial rates, making them attractive for homeowners who expect interest rates to fall or plan to refinance soon.

2-Year Fixed Rate Mortgages

A 2-year fixed rate gives you short-term certainty. Your interest payments won't change during the lock-in period, even if market rates rise. This option is popular with homeowners who value stability, but still want flexibility to refinance after two years if better offers become available.

3-Year Fixed Rate Mortgages

A 3-year fixed rate locks in your repayments for a longer period. This is a good choice if you want peace of mind against rising interest rates. While the initial rates may be slightly higher than 2-year packages, you gain extra protection and budgeting certainty.

5-Year Fixed Rate Mortgages

A 5-year fixed rate provides the longest-term stability and protection against rate volatility. This option is ideal for homeowners who prioritize long-term budget certainty and want to lock in rates for an extended period. While initial rates may be higher, you gain maximum protection against rising interest rates.

How to Compare Floating vs Fixed Rates

  • If you expect rates to fall, a floating package may save you money.
  • If you want predictability, fixed packages are safer.
  • If you plan to sell or refinance in 2–3 years, look at the lock-in conditions before committing.