Compare Mortgage Rates in Singapore
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Need a mortgage loan but not sure where to start?
Compare home mortgage rates from major banks in Singapore with mortgageplus and receive a personalised mortgage comparison report based on your property type, financing needs, and financial goals.
This smart tool can help you shortlist the top 4 most suitable mortgage loan packages in Singapore that best match your needs. Our Mortgage Financing Analysis Report gives you a clear breakdown.
Compare options side by side, see which packages suit your needs best.
Compare options side by side, see which packages suit your needs best.
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Perks of Comparing Home Loan Interest Rates
Comparing mortgage rates allows Singapore homeowners to identify financing packages that can reduce borrowing costs while offering repayment flexibility that aligns with their financial goals, such as:
- Lower long-term borrowing costs
- Reduced monthly repayments
- Flexible loan structures
- Shorter lock-in periods
- Better refinancing opportunities
- Transparent loan comparison
Why Choose a Mortgage Broker?
Navigating home loan packages in Singapore can be time-consuming, especially as banks frequently update their interest rates and promotional offers. Working with a mortgage broker simplifies the process by providing:
- Access to home loan packages from multiple banks through one consultation
- Personalised mortgage recommendations based on your financial needs
- Expert guidance throughout the home loan application process
- Mortgage rates comparisons without contacting each bank individually
- Save time with a streamlined and hassle-free process
Instead of contacting multiple banks individually, mortgageplus helps you compare mortgage options through a single consultation.
Contact Our Mortgage SpecialistsTypes of Mortgage Interest Rates in Singapore
Whether you're considering a fixed-rate or floating-rate home loan package, each option offers different advantages depending on your financial goals and risk tolerance. Fixed-rate home loans provide stable monthly repayments for a fixed period, while floating-rate and SORA-linked packages fluctuate based on market interest rates, offering greater flexibility but less payment certainty.
Understanding how these mortgage types work can help you choose the most suitable financing option for your property purchase or refinancing.
Read our Home Loan Interest Rate GuideFixed vs Floating Mortgage Rates
| Fixed Rate | Floating Rate |
|---|---|
| Stable repayments | Variable repayments |
| Easier budgeting | Potentially lower rates |
| Less exposure to rate increases | Can benefit from falling interest rates |
| Usually fixed 2–5 years | Often SORA-linked |
The most suitable mortgage package depends on your financial goals, risk tolerance, and expectations of future interest rate movements.
Estimate Your Monthly repaymentsFAQ
What is the best mortgage rate in Singapore?+−
The best mortgage rate depends on your financial profile, property type, loan amount, and whether you prefer a fixed or floating package. Comparing offers from multiple banks helps you find the most suitable option.
How often do mortgage interest rates change in Singapore?+−
Floating mortgage rates can change whenever benchmark rates such as SORA move, while fixed-rate packages remain unchanged during the fixed-rate period. Banks may also revise their mortgage packages from time to time.
What is SORA?+−
SORA (Singapore Overnight Rate Average) is the benchmark interest rate used for many floating-rate home loans in Singapore. It is based on the average overnight borrowing transactions between banks and is published by the Monetary Authority of Singapore (MAS).
What is the Effective Interest Rate (EIR)?+−
The Effective Interest Rate (EIR) reflects the actual cost of your mortgage after taking into account factors such as promotional rates, step-up pricing, and fees. It provides a more accurate picture of your borrowing costs than the advertised interest rate.
How often should I compare home mortgage rates?+−
It is generally recommended to review and compare mortgage rates at least once a year or whenever your fixed-rate period is ending. Regular reviews can help you identify opportunities to refinance or reprice and potentially reduce your monthly repayments.
Does mortgageplus compare multiple banks?+−
Yes. mortgageplus compares home loan packages from all major banks in Singapore, helping you evaluate different interest rates, features, and loan options to find a package that suits your needs.
Can I compare refinancing rates?+−
Absolutely! You can compare refinancing rates with us to see whether switching your existing home loan could help you secure a lower interest rate, reduce monthly repayments, or better match your financial goals.