Compare Condo Home Loan Rates
View the best available rates for condominiums and private properties across different loan amounts and rate types. All rates shown are from major Singapore banks for private properties.
| Loan Amount | Floating Rate | 2-Year Fixed | 3-Year Fixed |
|---|---|---|---|
| $500K | 1.69% | 1.80% | 1.80% |
| $1M | 1.56% | 1.68% | 1.68% |
| $2M | 1.56% | 1.65% | 1.65% |
Rates last updated: Wednesday, 10 September 2025 • Updated every 5 minutes
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Current PageUnderstanding Condo Home Loan Rates in Singapore
Financing a condominium or private property involves different considerations compared to HDB flats. From higher loan amounts to ABSD implications, here's what you need to know about condo mortgage rates.
Private Property Financing Basics
Condo financing typically involves higher loan amounts and different risk assessments by banks. You'll have access to a wider range of loan packages, but banks will scrutinize your income and debt-to-income ratio more carefully. Consider your long-term financial capacity when choosing loan amounts.
Floating Rate Mortgages for Condos
Floating rates for private properties are typically pegged to SORA or proprietary benchmarks. Given the higher loan amounts involved, even small rate changes can significantly impact your monthly payments. Floating rates work well if you expect rates to decline or plan to refinance within a few years.
2-Year Fixed Rate Mortgages
A 2-year fixed rate provides short-term payment certainty, which is valuable when managing larger mortgage amounts. This option is popular among condo buyers who want initial stability while maintaining flexibility to capitalize on rate changes after the fixed period.
3-Year Fixed Rate Mortgages
A 3-year fixed rate offers longer-term protection against rate volatility. For high-value condo purchases, this stability can be crucial for financial planning. While initial rates may be higher, you gain peace of mind against rising interest rates.
ABSD and Financing Implications
- Additional Buyer's Stamp Duty (ABSD) affects your upfront costs
- Second property purchases face higher ABSD rates
- Foreign buyers have additional ABSD considerations
- Factor ABSD into your total financing needs and loan-to-value calculations
New Launch vs Resale Condo Financing
New Launch: Progressive payment schemes allow for staged financing. Consider interest-during-construction and plan for rate changes during the construction period.
Resale Condo: Immediate full financing required. Focus on pre-approved packages and ensure quick processing to meet completion timelines.
Investment vs Owner-Occupied Considerations
- Investment properties may face different rate structures
- Consider rental yield potential when choosing loan tenure
- Factor in property tax and maintenance costs
- Plan for vacancy periods and their impact on mortgage payments
Cashew updates these rates every 5 minutes. We also provide a Best Rate Guarantee.
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