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Updated July 14, 2025
When searching for the most affordable personal loans in Singapore, comparing interest rates from different banks is criticall. Some of the most competitive annual interest rates for personal loans range from around 3.4% to 5.4%, with effective interest rates (EIR) from approximately 6.3% to 12.1%, depending on the lender and loan terms.
Banks like DBS, CIMB, and HSBC tend to offer lower interest rates. To qualify for the lowest interest rates, having a good credit score and stable income is important. Consider opting for a shorter loan tenure, securing the loan against assets, or having a creditworthy loan guarantor to potentially lower interest rates further.
On ROSHI we provide a comprehensive mortgage loan overview offering Singapore homeowners a clear snapshot of their borrowing options. We aggregate and present key information from multiple leading banks allowing users to quickly identify the current mortgage landscape.
Once an application has been launched it displays offers including details such as interest rates, loan tenures, and monthly repayments in an easy-to-compare format. Users can easily filter and sort options based on their preferences. This overview empowers borrowers to make informed decisions by highlighting the pros and cons of different mortgage products.
Our platform stands out by offering all housing loans available in Singapore going beyond just the widely advertised options. We gather and present information on every type of home loan in the market. This comprehensive approach ensures that borrowers have access to all financing options.
Borrowers can not only find publicly marketed rates but also uncover non-advertised or "under the counter" rates that banks may only offer to select clients. By revealing these hidden options, we empower homebuyers with knowledge they need to make better financial decisions.
If you are seeking the absolute cheapest home loan rates in Singapore ROSHI is your go-to lending marketplace.Our advanced filtering system allows users to quickly identify the cheapest options, whether they're looking for rock-bottom fixed rates, ultra-low floating rates, or the best combination of low rates and flexible terms.
We also highlight time-sensitive promotional rates that can dip as low as 2.5% per annum and feature limited-time offers like 1% cashback on loan amounts or reduced interest rates for the first two years of the loan. We ensure homebuyers identify the cheapest home loan deals before they disappear, potentially saving tens of thousands of dollars.
Are you planning to buy a private or landed property? Your mortgage plan mainly depends on your monthly installment budget and your risk tolerance. Typically, financial institutions and banks offers wide range of mortgages or home loan packages to those eligible of the loan.
If your property, landed or private, is still under construction, you should consider a bank loan that does not require a lock in period. Having a free term gives you the chance to refinance or reprice your loan to a lower interest rate.
If you intend to buy a private, landed or resale property, most major banks offer competitive mortgages with floating or fixed interest rates. Be reminded that when purchasing a private property, HDB loans are not available. For the best resale, landed and private property mortgages which are still under construction (BUC) check out below home loan interest rates or apply via the ROSHI marketplace.
| Bank | Scheme | Lock In Period | 1st Yr Interest | 2nd Yr Interest | 3rd Yr Interest | 4th Yr Interest | |
|---|---|---|---|---|---|---|---|
| Bank of China | 3 Year Fixed (Green Mortgage) | 3 years | 2.40% | 2.40% | 2.45% | 3.90% | |
| Promotion | 2 Year Fixed Flexi (With 200K Deposit) | 2 years | 2.42% | 2.42% | 3.80% | 4.00% | |
| Bank of China | 2 Year Fixed Flexi (Green Mortgage) | 2 years | 2.45% | 2.45% | 3.70% | 3.90% | |
| Bank of China | 3 Year Fixed | 3 years | 2.45% | 2.45% | 2.45% | 3.90% | |
| Bank of China | 2 Year Fixed Flexi | 2 years | 2.50% | 2.50% | 3.70% | 3.90% | |
| SBI | 2 Year Fixed | 2 years | 2.55% | 2.55% | 3.90% | 3.90% | |
| Promotion | 2 Year Fixed | 2 years | 2.55% | 2.55% | 3.65% | 3.90% | |
| Maybank | 2 Year Fixed (With 30K Deposit) | 2 years | 2.55% | 2.55% | 4.00% | 4.00% | |
| Hong Leong Finance | 2 Year Fixed | 2 years | 2.55% | 2.55% | 4.04% | 4.04% | |
| DBS | 2 Year Fixed | 2 years | 2.60% | 2.60% | 3.40% | 3.90% |
| Bank | Scheme | Lock In Period | 1st Yr Interest | 2nd Yr Interest | 3rd Yr Interest | 4th Yr Interest | |
|---|---|---|---|---|---|---|---|
| Promotion | 1-Month SORA (With 200K Deposit) | 2 years | 3.00% | 3.05% | 3.00% | 3.00% | |
| Promotion | 1-Month SORA (With 200K Deposit) | 0 year | 3.10% | 3.10% | 3.10% | 3.10% | |
| RHB | 1-Month SORA | 0 year | 3.20% | 3.20% | 3.20% | 3.20% | |
| Maybank | 3-Month SORA | 0 year | 3.25% | 3.25% | 3.25% | 3.25% | |
| Promotion | 3-Month SORA | 0 year | 3.25% | 3.25% | 3.25% | 3.25% | |
| Maybank | 1-Month SORA | 0 year | 3.25% | 3.25% | 3.00% | 3.25% | |
| DBS | 3-Month SORA | 0 year | 3.25% | 3.25% | 3.25% | 3.25% | |
| RHB | 3-Month SORA | 0 year | 3.28% | 3.28% | 3.28% | 3.28% | |
| DBS | Fixed Deposit Linked Rate | 0 year | 3.30% | 3.30% | 3.30% | 3.30% | |
| RHB | 1-Month SORA | 2 years | 3.35% | 3.40% | 3.90% | 3.90% |
*Today's Mortgage Rates - 14 July 2025
*Loan Amount $1,200,000.00 - Loan Tenure 25 Years.
If you or your spouse is a Singaporean and you want to buy an HDB in Singapore, you can apply for an HDB housing loan. To qualify, your household income must be less than the maximum household income limit, and you must not own any private or commercial properties. The interest rate on an HDB housing loan is 2.42 percent, and it's determined by adding 0.1 percent to the existing CPF Ordinary Account interest rate. That is to say, if your CPFOA interest rate changes, your HDB housing loan interest rate may change as well - however it is commonly known that these interest rates are unlikely to change.
A maximum of 90% of the purchase price can be borrowed through an HDB concessionary loan. For example if you want to buy an HDB unit for $500,000, you can get a loan of up to $450,000 if you pay $15,000 in cash and the rest in CPF or cash. The Mortgage Servicing Ratio (MSR) and Total Debt Servicing Ratio (TDSR) are considered in the HDB bank loan approval process (TDSR). Both of these ratios are proportional to your gross monthly income and debt commitments, such as credit card balances, vehicle loans, and other monthly installment loans. Before applying to any bank in Singapore, it is recommended that you keep your monthly debt commitments to a minimum of at least 2 months.
| Bank | Scheme | Lock In Period | 1st Yr Interest | 2nd Yr Interest | 3rd Yr Interest | 4th Yr Interest | |
|---|---|---|---|---|---|---|---|
| Promotion | 2 Year Fixed Flexi (With 200K Deposit) | 2 years | 2.42% | 2.42% | 3.80% | 4.00% | |
| SBI | 2 Year Fixed | 2 years | 2.55% | 2.55% | 3.90% | 3.90% | |
| Hong Leong Finance | 2 Year Fixed | 2 years | 2.55% | 2.55% | 4.04% | 4.04% | |
| Maybank | 2 Year Fixed (With 30K Deposit) | 2 years | 2.55% | 2.55% | 4.00% | 4.00% | |
| Promotion | 2 Year Fixed | 2 years | 2.55% | 2.55% | 3.65% | 3.90% | |
| DBS | 2 Year Fixed | 2 years | 2.60% | 2.60% | 3.40% | 3.90% | |
| Promotion | 2 Year Fixed | 2 years | 2.60% | 2.60% | 4.00% | 4.00% | |
| Promotion | 2 Year Fixed Flexi | 2 years | 2.60% | 2.60% | 3.65% | 3.90% | |
| Hong Leong Finance | 3 Year Fixed | 3 years | 2.60% | 2.60% | 2.60% | 4.25% | |
| Promotion | 3 Year Fixed Flexi | 3 years | 2.60% | 2.60% | 2.60% | 3.90% |
| Bank | Scheme | Lock In Period | 1st Yr Interest | 2nd Yr Interest | 3rd Yr Interest | 4th Yr Interest | |
|---|---|---|---|---|---|---|---|
| Promotion | 1-Month SORA (With 200K Deposit) | 2 years | 3.00% | 3.05% | 3.00% | 3.00% | |
| DBS | 3-Month SORA | 0 year | 3.25% | 3.25% | 3.25% | 3.25% | |
| Maybank | 1-Month SORA | 0 year | 3.25% | 3.25% | 3.00% | 3.25% | |
| Maybank | 3-Month SORA | 0 year | 3.25% | 3.25% | 3.25% | 3.25% | |
| DBS | Fixed Deposit Linked Rate | 0 year | 3.30% | 3.30% | 3.30% | 3.30% | |
| OCBC | 3-Month SORA | 2 years | 3.40% | 3.40% | 3.65% | 3.90% | |
| Standard Chartered | 3-Month SORA (Priority Banking) | 0 year | 3.40% | 3.40% | 3.40% | 3.40% | |
| SBI | 3-Month SORA | 2 years | 3.40% | 3.40% | 3.90% | 4.00% | |
| DBS | 3-Month SORA | 2 years | 3.45% | 3.00% | 3.00% | 3.00% | |
| Maybank | 3-Month SORA | 1 year | 3.45% | 3.45% | 3.45% | 3.90% |
*Today's Mortgage Rates - 14 July 2025
It all depends on your long-term mortgage objectives and current financial situation. HDB loans allow you to finance up to 90% of the unit's purchase price, with the remaining 10% covered by CPF. Which means HDB loans do not require only little upfront funds. Bank loans, on the other hand, are limited to 75 percent of the property purchase price. The maximum loan tenure for HDB loans is 25 years while bank loans for HDB flats can go up to 30 years. The key difference between a HDB and bank loan is the interest rate. Interest rates on HDB loans are currently at 2.42 percent, while bank loan interest rates have historically been as low as roughly 1 percent. A HDB loan is advisable if your initial deposit is lower and you are seeking long-term interest rate stability. A bank loan, on the other hand, is the best option if you want to save money on interest and have smaller monthly repayments.
*Loan Amount $620,000.00 - Loan Tenure 25 Years.
Interest rates are the most critical part when deciding on a home loan. Interest rates will not only affect your total repayment amount but also your scheduled monthly payments. There are fixed, variable, or board rates. The interest type you select will impact your total as well as monthly repayment amount.
Variable rates tend to go up and down quickly, making it a higher risk with potential better rewards. Board rates are even more intense than that with the potential for great rewards or the opposite. Fixed rates sit at a stagnant level, regardless of the market change.
Via the ROSHI home loan marketplace you can set-up a mortgage application which will connect you to lenders & brokers in real time.
Based on what we know of the market today, more than 80% of application decisions depend mainly on the current interest rates. This makes sense as these rates impact the overall cost of your mortgage. Credit score is also a factor to consider, but it has less impact on your decision than you might expect.
Mortgages are also influenced by the ability to refinance when you want. Most people decide to refinance somewhere between two and four years after opening one. This is usually a result of a sudden change in market rates. Make sure that the loan you choose allows this so that you can swap to a better one in the event one turns up.
Keep an eye on refinancing fees too. Some banks require you to make a small payment to refinance your plan. Alternately, the new plan that you choose may also have a small fee waiver, in which case you could avoid this payment.
It is always a hard choice to determine if you should take a floating rate or a fixed rate. If you have the ability to refinance your loan, a floating rate can work better as it will go up and down with the market.
On the other hand, if you are stuck in the loan option you’ve chosen, a fixed rate could be better as it removes the risk of getting stuck in a higher level of interest that you can’t afford.
Fixed rates are safer while floating rates offer the potential for lower fees. The decision is yours on which would be best for you. Take a look at our overview of each type to better make your decision:
Anyone can apply for a home loan, no matter who you are. The problem is getting accepted. The smartest first step is to compare loan options on GoBear then select the ideal loan for your situation. This doesn’t take as long as you might think.
This doesn’t mean you will acquire the first loan you chose, however. The bank you choose will do a background check and make sure you will be able to keep up with payments. They may check things like your salary, mortgage broker, the stability of your employment, etc.
Many banks will also ask for collateral, such as a car or piece of land. Everyone has different rules to this sort of thing, so be sure to research the bank you are choosing to loan from before applying as well.
Mostly, you won’t need to feel rushed with your repayments. The majority of repayment options give you anywhere up to 35 years to pay it back. The shorter term you choose to pay, the less interest you will end up spending. However, for those that want to get into their home early, the longer time can be worthwhile.
You can also choose to pay the loan back early if you happen to fall into more money in the future. This too will reduce the amount of interest you end up paying.
You need to look into what caused the rejection. Take all the causes of your rejection and work on them for the next application. After this, you can decide to reapply for the same loan or look into your second choice.
Before deciding on a home loan it is advisable to familiarise yourself with the following points:
For most houses, you’ll need at least 20% for your down payment. Nowadays, some lenders don’t require that much from you all at once. They may offer a lower down payment cost. However, this generally means you end up paying more interest over time.
All lenders use one of two debt ratios to work out what you’re able to borrow. The two values that you must be able to reach are as follows:
Whichever value works out best is the debt ratio that your lender will utilize. Some lenders have better ratios than these, but the majority use one of these two ratios.
Just because your credit card reaches a certain limit doesn’t mean you should reach it! You can say the same about mortgages. Try to find a mortgage that leaves you with at least some savings. You need to make sure that your budget fits the mortgage.
You need to consider the things you will need inside your home once you’ve moved in. Your requirements are things like furniture, appliances, wall paint, and so on. You may also want to add improvements to your home after moving in. These things should be included in your budget.
Instead of just buying what you need, think about your future needs. Will you need more space for future children? Will you, perhaps, want a second car at some point? You need to consider these things before you make the big step of buying a house. There’s no point buying a place that you will outgrow in a year or two.
Aim for a house that fits below your budget rather than going slightly above your budget. You may have anticipated almost everything you could expect before going for it. However, I guarantee there will be something you have missed. Anything from a damaged appliance to minor upgrades could throw your budget. It’s best to have a little back up.
Remember that you aren’t the only one bidding on properties. You can’t afford to blow your whole budget on your first offer. Aim a bit lower so that you will have enough to bid a bit higher.
A home loan is also known as a mortgage. The loan will be made by a financial institution. These agreements tend to last around 25 to 30 years, requiring your to make repayments every week, fortnight, or month, depending on your choices.
In the event that you cannot make your repayments, the lender can and might force you to sell the property in order to pay them back. Obviously, you should make sure that this will not happen before taking any offers.
There will be some interest to pay back, typically somewhere around 4-5%. The interest varies based on how many years you choose to repay and the total cost of the loan.
It is more difficult to take a loan when you have bad credit. The bank will check your ability to keep up more thoroughly. Most likely, they’ll offer you a smaller loan if they don’t reject you completely.
Home loan rates change quite often. This means we can’t name one specific bank. You need to carefully check each option as you search for the lowest interest rates. Check out above comparison dashboard to compare current rates.
You need to reach your loan’s lock-in period before you can even consider refinancing and you should only do so if you find a better rate. Make sure the new rate will reduce your total repayment amount.
Foreigners can indeed apply for home loans. Generally they can get loans for private properties but not HDB’s.
No, you can only use them when buying a new home.
Yes, you can get one to use with an apartment or landed property that is still being built. You can even get one before you start building at all.
SIBOR stands for Singapore Interbank Offered Rate. This rate is calculated through the interest rates of lending and borrowing throughout these banks.
Mastering your loan moves starts with understanding the real cost of borrowing. We believe in empowering you with the right knowledge to make smart financial choices, not quick fixes that lead to debt traps. Our commitment is helping you borrow wisely and stay in control of your money.
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Trust the original! #roshi #singapore #lending #borrowing
.Don't be a fool! #roshi #singapore #lending #borrowing
Trust the original! #roshi #singapore #lending #borrowing
.Don't be a fool! #roshi #singapore #lending #borrowing
I WANT TO REFINANCE
