Are you planning to buy a property in Singapore? Whether you're purchasing an HDB resale flat or a private completed home, understanding the latest bank loan rates is crucial in securing the best financing options. We’ve compiled the most recent loan rates from leading banks in Singapore, helping you make an informed decision.
HDB Resale Home Loan Rates – February 2025
HDB buyers often compare bank loans with the HDB concessionary loan (fixed at 2.6%). However, bank loans can offer competitive rates, especially for those seeking lower interest costs over time. Here’s a snapshot of the latest rates:
Bank | SORA-Pegged Rate | Fixed Rate (2-Year) | Fixed Rate (3-Year) | Fixed Rate (5-Year) |
Maybank | 3M SORA + 0.55% | 2.70% Fixed | 2.70% Fixed | 2.70% Fixed |
DBS | 3M SORA + 0.65% | 2.60% Fixed | 2.55% Fixed | 2.55% Fixed |
OCBC | 3M SORA + 0.60% - 0.80% | 2.38% - 2.65% Fixed | 2.55% Fixed | 2.55% Fixed |
UOB | 3M SORA + 0.75% | 2.60% Fixed | 2.65% Fixed | 2.70% Fixed |
Private Property Loan Rates – February 2025
If you're financing a private completed home, banks offer variable and fixed rates tailored to your needs.
Bank | SORA-Pegged Rate | Fixed Rate (2-Year) | Fixed Rate (3-Year) | Fixed Rate (5-Year) |
Maybank | 3M SORA + 0.50% - 0.65% | 2.70% Fixed | 2.70% Fixed | 2.70% Fixed |
HSBC | 1M/3M SORA + 0.20% - 0.35% | 2.65% Fixed | 2.70% Fixed | 2.70% Fixed |
Standard Chartered | 3M SORA + 0.50% - 0.80% | 2.65% Fixed | 2.70% Fixed | 2.70% Fixed |
OCBC | 3M SORA + 0.50% - 1.00% | 2.60% Fixed | 2.65% Fixed | 2.70% Fixed |
UOB | 3M SORA + 0.50% - 1.00% | 2.60% Fixed | 2.65% Fixed | 2.70% Fixed |
Which Home Loan is Best for You?
When choosing a home loan, consider:
Your Risk Appetite: Fixed rates offer stability, while variable rates can be lower but fluctuate.
Loan Tenure: Shorter loans often come with better rates but higher monthly repayments.
Lock-In Periods & Penalties: Some packages have lock-in periods; early repayment penalties may apply.
Eligibility & Loan-to-Value (LTV) Ratio: Your financial standing affects your approved loan amount.
Final Thoughts
Interest rates are subject to change, and the information provided here is for reference only. I do not take responsibility for any inaccuracies, as rates may fluctuate. To get the most updated rates, feel free to reach out to me, and I can connect you with my trusted bankers for the latest information.
Need help navigating your property financing? Contact us today to find the best mortgage options tailored to your needs!
Contact:
📞 +65 8826 9398
📧 Melvin Lau, PropNex Realtor
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