What is the current floating rate for home loans in Singapore

The current floating home loan rates in Singapore are mainly pegged to the 3-month SORA (Singapore Overnight Rate Average) with most banks offering packages at approximately 3M SORA plus a margin of 1.00%. As of July 2025, this typically results in effective floating rates of about 2.8% to 3.2%, depending on the lender and the specific package features.

These rates are updated regularly and may fluctuate in response to economic conditions and policy moves, such as recent Federal Reserve cuts. It is advisable to check with your bank or financial advisor for the latest SORA rate and exact margin offered for the most current floating home loan package available in Singapore. EdgeProp Singapore provides tools to track market rate changes and helps you compare mortgage offers across banks.