Get the Best Mortgage Loan Rates in Singapore – Updated Regularly

Rates accurate as of 27 September 2024. Rates are subject to change without any prior notice.

Looking for the best mortgage rates in Singapore? At PropertyNet.SG, we continuously compare offers from all major banks to ensure you get the most competitive rate without any hassle. Whether refinancing or purchasing a new home, we’ve got you covered!

Plus, we guarantee the best rates; we will gladly match or exceed if you find a better offer elsewhere.

Completed Residential Fixed Rate
Completed Residential Floating Rate
Uncompleted Residential Floating Rate
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Completed Residential Property Loan

Fixed Rates

Loan Size
Interest Rate
Lock-in Period
> $ 100K
3.30%
2 Years
> $ 200K
2.65%
2 Years
> $ 700K
2.60%
3 Years
> $ 1 Million
2.55%
2 Years

Floating Rates

Loan Size
Interest Rate
Lock-in Period
> $ 100K
4.19%
1 Year
> $ 300K
4.14%
1 Year
> $ 500K
4.04%
1 Year
> $ 1 Million
3.99%
2 Years

Uncompleted Residential Property Loan

Floating Rates

Loan Size
Interest Rate
Lock-in Period
> $ 100K
4.00%
0 Years
> $ 300K
3.94%
0 Years
> $ 700K
3.81%
0 Years

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Frequently Asked Questions

  • What factors influence mortgage rates in Singapore? Mortgage rates in Singapore are influenced by factors such as the Singapore Interbank Offered Rate (SIBOR), the Singapore Overnight Rate Average (SORA), the bank’s cost of funding, and the broader economic environment, including inflation and government policies.

  • What is the difference between fixed and floating mortgage rates? Fixed rates remain constant for a specified period (usually 1-5 years), offering stability, while floating rates fluctuate based on market conditions, typically tied to benchmarks like SIBOR or SORA.

  • How do I choose between a fixed-rate and a floating-rate mortgage? If you prefer stability in your monthly repayments and expect interest rates to rise, a fixed-rate mortgage might be better. If you believe interest rates will fall, a floating-rate mortgage could save you money.

  • Can I switch mortgage rates or refinance my loan during the loan tenure? Yes, refinancing allows you to switch from one bank to another or from one type of rate to another. However, there might be lock-in periods or penalties to consider when refinancing, so it’s important to check your current loan agreement.

  • What are the benefits of applying for a mortgage through PropertyNet.sg? PropertyNet.sg offers a comprehensive comparison of mortgage rates from major banks in Singapore, guaranteeing the best rates with a price-match offer, and the process is entirely free for users, saving both time and money.