Need Help With Your Bank Mortgage?

I can help you secure In-Principle Approval (IPA), refinance an existing loan, or connect you with a trusted mortgage banker — at no cost to you.

🏦 New Bank IPA

Buying your first home or upgrading? I help you secure In-Principle Approval from multiple banks so you know your real budget before you commit. Compare floating vs fixed, lock-in periods, and prepayment terms.

🔁 Refinancing

Lock-in expiring soon? Refinance can save thousands over the loan tenor. I review your current package, model the savings against switching costs, and help you decide if (and when) to switch.

🤝 Mortgage Banker Referral

Prefer a direct relationship with a banker? I refer you to bank mortgage specialists I have worked with — across DBS, OCBC, UOB, and more. They handle the paperwork end-to-end while keeping rates competitive.

📱 WhatsApp Aden

📞 Call +65 9646 8188

Aden Yang is a CEA-licensed real estate salesperson (R063636G) at ERA Realty Network (L3002382K). Mortgage information shared is general guidance and not a substitute for advice from a qualified financial advisor or licensed mortgage broker.

🏦 Singapore Mortgage Rates 2026

Current bank rates updated May 2026 · Compare fixed vs floating · Free IPA consultation

⚠️ Rates are indicative as of May 2026 and sourced from MortgageWise, PropertyNet.sg, and HomeJourney. Actual rates depend on bank, loan amount, tenure, and borrower profile. Always verify with your bank or mortgage adviser before committing.

📊 Current Indicative Rates (Private Property)

Rate Type	Indicative Rate	Lock-in	Best For
Fixed 2-Year Most Popular	1.40% – 1.55%	2 years	First-timers, budget certainty
Fixed 3-Year	1.50% – 1.75%	3 years	Long-term stability seekers
Floating (1M SORA + spread) Lowest Now	~1.02% – 1.45%	1–2 years	Rate-watchers, plan to sell within 2–3y
Floating (3M SORA + spread)	~1.10% – 1.50%	1–2 years	Lower volatility than 1M
BUC (New Launch)	Floating SORA-based	Until TOP	New launch buyers — standard package

🏠 HDB Loan Rates

Loan Type	Rate	Notes
HDB Concessionary Loan	2.60% (fixed)	CPF OA rate + 0.1%. Cannot switch back once moved to bank loan.
Bank Fixed (HDB)	1.45% – 1.65%	MSR 30% cap applies. Saves ~$4,000–$5,000/yr on $500k loan vs HDB rate.
Bank Floating (HDB)	~1.15% – 1.35%	Lowest monthly payment but rate resets monthly/quarterly.

Key insight: Bank loans now beat the HDB rate by 1%+. For a $500K HDB loan, that’s ~$5,000/year saved. But once you refinance out of HDB loan, you cannot return to HDB rate — even if bank rates rise. Speak to Aden to model the numbers for your specific situation.

🏭 Commercial & Industrial Property Loans

Property Type	Indicative Rate	Max Tenure	Notes
Shophouse / Commercial	1.80% – 2.20% fixed	25 years	TDSR 55% applies, no MSR
Factory / Warehouse (B1/B2)	1.90% – 2.30% fixed	25 years	Higher spread vs residential

📐 Key Mortgage Concepts

LTV — Loan to Value

Max 75% for first property (bank loan). 45% for 2nd property. 35% for 3rd+. Higher down payment required as you buy more.

TDSR — Total Debt Servicing Ratio

All monthly debt repayments cannot exceed 55% of gross monthly income. Applies to all property types.

MSR — Mortgage Servicing Ratio

HDB-specific rule: monthly mortgage ≤ 30% of gross income. Tighter than TDSR and applies on top of it.

IPA — In-Principle Approval

Pre-approval from a bank before you hunt for property. Gives you a real budget figure. Typically valid for 30 days.

Lock-in Period

Penalty period (usually 1–2 years) where early repayment or refinancing incurs a 1.5% fee on outstanding loan. Plan around this.

SORA

Singapore Overnight Rate Average — the benchmark for floating rate loans since 2024. 1M SORA ≈ 1.02% as of May 2026. Published daily by ABS.

❓ Mortgage Questions Answered

Fixed rates at 1.40–1.75% are near historic lows — 80% of borrowers in 2026 are choosing fixed for certainty. Floating is better only if you plan to sell within 2 years or are confident SORA will fall further. For most buyers, locking in now makes sense before the rate cycle turns.

SIBOR was retired in 2024 and fully replaced by SORA (Singapore Overnight Rate Average). SORA is more transparent — published daily by ABS based on actual overnight interbank transactions. If you have an old SIBOR loan, you’ve likely already been migrated to a SORA-equivalent package.

Your maximum loan depends on: (1) LTV — 75% of property value for first property with bank loan; (2) TDSR — all debt repayments ≤ 55% of gross income; (3) Age/Tenure — loan tenure capped so it ends before age 65 or 70 (IWAA). Use Aden’s property calculator or WhatsApp to run your actual numbers — takes 5 minutes.

In-Principle Approval (IPA) typically takes 1–5 business days with major banks (DBS, OCBC, UOB). Some digital banks do it in hours. IPA is valid for 30 days and shows sellers / developers you are a serious buyer. Get this before you look at any properties. Aden can refer you to a trusted mortgage banker to get IPA fast.

Yes, but you pay a penalty — typically 1.5% of outstanding loan. On a $1M loan, that’s $15,000. Only worth doing if rate savings exceed the penalty within 12–18 months. Most buyers wait until lock-in expires, then refinance immediately. Start comparing 6 months before your lock-in ends to avoid gaps.

Longer tenure = lower monthly payment but more total interest paid. A 30-year loan at 1.5% on $1M costs ~$19,600/year more in interest than a 25-year loan — but monthly payment is ~$540 lower. Most buyers choose 30 years for flexibility and use excess CPF/savings to make optional capital repayments during non-lock-in periods.

All bank rates shown are indicative as of May 2026 and subject to change without notice. Sourced from PropertyNet.sg, MortgageWise.sg, and HomeJourney.sg — verify directly with your bank before committing.
Aden Yang is a property agent, not a licensed financial adviser. CEA R063636G · ERA Realty Network Pte Ltd L3002382K · +65 9646 8188

Singapore Mortgage Rates 2026 | Bank Loans & Free Adviser | Aden Yang