Home loan comparison Singapore
Compare Home Loans in Singapore Beyond the Advertised Rate.
Comparing a mortgage should not mean opening ten bank tabs and choosing whichever headline rate looks lowest. Tell us what you are financing. Singapore Home Services can help you compare relevant bank home-loan structures, lock-ins and conditions before you decide what to pursue.
- New purchase or refinancing
- HDB and private property
- Fixed and floating options
Why compare home loans?
Two packages with similar rates can still be very different loans.
The headline rate matters. But so do the lock-in period, what happens after the promotional period, whether you can repay part of the loan early, and what you may have to return if you refinance or sell.
Rate structure
Check whether the package is fixed, floating or linked to a reference rate, and when the pricing can change.
Exit conditions
Know what may happen if you sell, refinance, fully redeem or make a large repayment during the lock-in period.
Fees and clawbacks
Legal subsidies, valuation subsidies and cash rewards can come with conditions. Read the repayment and clawback terms.
What happens later
Compare repricing, conversion and partial-prepayment options instead of looking only at year-one pricing.
Already have a bank quotation?
Use it as a starting point. The useful comparison is the full package, not just the first number.
Bank home loan comparison
What should you compare between Singapore home-loan packages?
This is the checklist we would rather you use than simply asking, “Which bank has the lowest rate today?”
| Comparison point | What to look at | Why it can matter |
|---|---|---|
| Interest-rate structure | Fixed rate, floating rate, SORA-linked or another bank-determined reference structure. | It determines how predictable the repayment is and how the rate may move later. |
| Pricing after the initial period | Do not stop at Year 1. Look at later-year pricing and what the package converts to. | A cheap initial period can become less attractive if later pricing is weak. |
| Lock-in period | How long the loan is subject to lock-in and which actions can trigger charges. | This matters if you may sell, refinance or repay the loan early. |
| Partial prepayment | Whether partial repayment is allowed, any minimum amount and whether notice is required. | Useful if you expect bonuses, sale proceeds or additional cash later. |
| Legal / valuation support | Subsidies, rebates, cash rewards and their conditions. | A benefit may need to be repaid if the loan is redeemed or refinanced too early. |
| Repricing / conversion | Whether the bank offers package conversion and whether fees or conditions apply. | It can affect how easily you react when the rate environment changes. |
| Property and borrower fit | HDB, private property, BUC, completed property, loan size and borrower profile. | Not every package is available for every property or borrower. |
Banks borrowers commonly compare
There is no reason to assume the most familiar bank is automatically the best fit.
Singapore borrowers commonly encounter mortgage offerings from local, regional and international banks. The banks below are examples of institutions with current Singapore mortgage or property-loan offerings. Their inclusion does not imply that SHS represents every bank or has a partnership with each institution.
DBS
DBS currently provides home-loan routes for HDB purchases, private-property purchases and refinancing.
Product availability and terms should be checked at the time of comparison.OCBC
OCBC currently provides mortgage application and home-loan servicing routes, including refinancing and repricing.
Actual packages depend on property and applicant circumstances.UOB
UOB currently offers HDB and private-property home loans, refinancing and SORA-linked mortgage options.
Promotions and package pricing can change.Standard Chartered
Standard Chartered currently offers Singapore mortgage products, including fixed and floating structures and repricing.
Some products have specific property, deposit or customer requirements.Bank of China
Bank of China Singapore currently lists mortgage loans for private residential purchases and refinancing, with fixed and variable structures.
Eligibility and documentation are determined by the bank.Other available banks
Your relevant shortlist may include other banks depending on the property, loan amount, nationality, timing and the packages available when you enquire.
SHS does not claim access to every bank in Singapore.Do you need to contact every bank yourself?
No. Start by narrowing the comparison around your actual property and loan requirements.
How SHS helps
Start with your situation. Then compare the relevant options.
You do not need to know which bank you want before contacting us. The point of the first conversation is to understand what you are financing and what matters to you.
Share the basics
Property type, new purchase or refinance, estimated loan amount and timing are enough to start.
Focus the comparison
Look at the package structures and conditions that are relevant to your situation.
Compare the trade-offs
Rate, lock-in, fees, repayment flexibility and future switching options are considered together.
Proceed with the chosen bank
The formal application and final lending decision remain with the selected bank.
Choose the right comparison route
Buying, refinancing or still checking affordability?
Buying an HDB flat
Compare an eligible HDB housing loan route against bank financing before deciding which structure fits your purchase.
HDB Home Loan GuideBuying a condo or private home
Review bank financing, LTV, cash requirements and package conditions before you commit to the property.
Condo Home Loan GuideRefinancing your current mortgage
Compare your existing rate and lock-in position against refinancing or repricing routes before taking action.
Refinancing GuideNot sure how much you can borrow?
Work out the borrowing constraints first. Then compare packages for a realistic loan amount.
Fixed vs floating
Do not choose the rate type from a prediction about where rates are going.
Nobody can promise where mortgage rates will be next year. A more practical choice is to compare how much repayment certainty you want against how comfortable you are with a rate that can move.
Borrowing rules still matter
The “best” package is irrelevant if the loan amount does not fit.
For residential bank loans, the bank still has to assess what you can borrow. The current Singapore framework includes LTV limits and the Total Debt Servicing Ratio (TDSR), alongside the bank's own credit assessment.
| Existing housing loans | Residential bank-loan LTV framework | Why this matters |
|---|---|---|
| No outstanding housing loan | Up to 75% or 55%, depending on applicable tenure / age conditions | A standard 75% structure means part of the purchase must still be funded outside the bank loan. |
| One outstanding housing loan | Up to 45% or 25%, depending on applicable tenure / age conditions | A second property can require materially more upfront funding. |
| Two or more outstanding housing loans | Up to 35% or 15%, depending on applicable tenure / age conditions | The available bank financing can be significantly lower. |
| TDSR | 55% threshold under the current framework | Total monthly debt obligations are assessed against qualifying monthly income, subject to applicable rules and lender assessment. |
Framework checked against MoneySense guidance updated 1 July 2026. Actual loan eligibility and approved quantum remain subject to the bank's assessment and applicable rules.
Frequently asked questions
Home loan comparison questions people actually ask.
Stop comparing mortgage rates in isolation. Compare the loan you will actually be taking.
Tell SHS the property type, loan purpose and approximate loan amount. Start with a focused comparison instead of contacting banks at random.