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What is the average interest rate?
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As of 2025, the average interest rates for home loans in Singapore vary depending on the lender and the specific package.
- For fixed-rate loans, rates can be as low as 2.30% to 2.49% for the initial years, especially for loans with minimum amounts such as $700,000 to $800,000.
- After the promotional or lock-in period, the rates can adjust to floating rates tied to benchmarks like the 3-Month Singapore Overnight Rate Average (SORA), which can range from around 4.437% (3M SORA + 1.000%) to 5.024% (1M SORA + 1.750%).
- After the promotional or lock-in period, the rates can adjust to floating rates tied to benchmarks like the 3-Month Singapore Overnight Rate Average (SORA), which can range from around 4.437% (3M SORA + 1.000%) to 5.024% (1M SORA + 1.750%).
Overall, the average effective interest rate for home loans in Singapore, considering both the promotional and subsequent periods, can range from approximately 2.4% to 4.5% depending on the loan terms and lender.
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