Cheapest Private Property & Condo Home Loan Rates In Singapore

Gain special access to the cheapest bank loan rates in 2023 for your resale private property, EC or BUC condo in Singapore and get exclusive rewards.

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BANK	LOAN TYPE	YEAR 1	YEAR 2	YEAR 3	3 YEAR AVG	YEAR 4	YEAR 5	YEAR 6
Limited Promo*	3 Year Fixed	3.33% Fixed	3.33% Fixed	3.33% Fixed	3.33%	4.15% Floating	4.15% Floating	4.15% Floating

Limited Promo*	3 Year Fixed	3.38% Fixed	3.38% Fixed	3.38% Fixed	3.38%	4.14% Floating	4.14% Floating	4.14% Floating

Maybank	3 Year Fixed	3.38% Fixed	3.38% Fixed	3.38% Fixed	3.38%	4.60% Floating	4.60% Floating	4.60% Floating

Bank of China	3 Year Fixed	3.40% Fixed	3.40% Fixed	3.40% Floating	3.40%	4.60% Floating	4.60% Floating	4.60% Floating

Bank of China	2 Year Fixed	3.55% Fixed	3.55% Fixed	4.60% Floating	3.50%	4.24% Floating	4.24% Floating	4.24% Floating

DBS	3 Year Fixed	3.75% Fixed	3.75% Fixed	3.75% Fixed	3.75%	4.60% Floating	4.60% Floating	4.60% Floating

CIMB	2 Year Fixed	3.55% Fixed	3.55% Fixed	4.60% Floating	3.90%	Floating% Floating	4.60% Floating	4.60% Floating

BANK	LOAN TYPE	YEAR 1	YEAR 2	YEAR 3	3 YEAR AVG	YEAR 4	YEAR 5	YEAR 6
Limited Promo*	Board Rate	2.60%	2.60%	2.60%	2.60%	2.60%	2.60%	2.60%

Limited Promo*	3-month SORA	3.50%	3.50%	3.50%	3.50%	3.90%	3.90%	3.90%

SCB	3-month SORA	3.65%	3.65%	3.65%	3.65%	4.05%	4.05%	4.05%

Maybank	3-month SORA	3.70%	3.70%	3.70%	3.70%	4.40%	4.40%	4.40%

CIMB	3-month SORA	3.65%	3.70%	3.85%	3.73%	4.25%	4.25%	4.25%

Maybank	3-month SORA	3.75%	3.75%	3.75%	3.75%	4.40%	4.40%	4.40%

DBS	3-month SORA	3.80%	3.80%	3.80%	3.80%	4.15%	4.15%	4.15%

OCBC	3-month SORA	3.75%	3.75%	3.95%	3.82%	4.15%	4.15%	4.15%

HSBC	1-month SORA	4.00%	4.00%	4.00%	4.00%	4.65%	4.65%	4.65%

Maybank	1-month SORA	4.00%	4.00%	5.15%	4.38%	5.15%	5.15%	5.15%

BANK	LOAN TYPE	YEAR 1	YEAR 2	YEAR 3	3 YEAR AVG	YEAR 4	YEAR 5	YEAR 6
Limited Promo*	3-month SORA	3.64%	3.64%	3.64%	3.64%	3.74%	3.84%	3.84%

OCBC	3-month SORA	3.74%	3.74%	3.74%	3.74%	3.84%	3.94%	3.94%

DBS	3-month SORA	3.74%	3.74%	3.74%	3.74%	3.94%	3.94%	3.94%

Maybank	3-month SORA	3.74%	3.74%	3.74%	3.74%	3.84%	4.14%	4.14%

Standard Chartered	3-month SORA	3.79%	3.79%	3.79%	3.79%	3.94%	3.94%	3.94%

UOB	3-month SORA	3.79%	3.79%	3.84%	3.81%	3.94%	3.94%	3.94%

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Be assured of securing the maximum bank loan needed for your private property purchase before placing the Option Fee. Our preliminary IPA process can be done in as fast as 15 mins. Get bank indicated property valuations from us to ensure that you get a fair deal and be guaranteed of professional conveyancing through our partner law firms.

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Our mortgage consultants will recommend various strategies and negotiate for exceptional conditions for your housing loan with major banks in Singapore. This is to ensure you have the flexibility in your new private property for either your own stay or as an investment to generate rental income. Enjoy exclusive rewards and promotions offered by us for your mortgage.

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QUESTIONS FOR A NEW PRIVATE PROPERTY HOME LOAN

What is the maximum bank loan and tenure for a private property in Singapore?

The maximum loan to value (LTV) for your first private property in Singapore is 75% and the corresponding maximum tenure is 30 years. If you wish to extend your tenure up to the regulatory limit of 35 years, your LTV will then decrease to 45%. Different banks offer home loan rates therefore always compare the BEST PRIVATE HOME LOAN RATES IN SINGAPORE.

How much CPF can I use as down payment for my private property?

The amount of CPF that can be used as the initial down payment will depend on the loan amount you qualify for. Assuming you qualify for the maximum loan amount of 75% of your purchase price and taking into account the mandatory 5% cash down payment required, the balance 20% can then be made with your CPF funds in your Ordinary Account (OA).

Why is a bank indicated property valuation important?

A bank provided property valuation determines the maximum housing loan amount for both a refinancing and new property purchase. While looking at recent resale transactions through publicly available sources can provide an indication, a BANK INDICATED PROPERTY VALUATION is the most accurate.

How much are the fees for a conveyancing law firm?

Our partner conveyancing law firms provide discounted fees which include CPF fees, mortgage stamping, stamp fees and GST. Usual legal fees range from $2,00 to $2,300 for a new private property purchase.

Can I get a bank loan for a private property in Singapore without any income?

The short answer to this is a Yes. But it will require having significant cash savings to be locked in with a specific bank for a period of 48 months. For calculating the amount of savings needed, a simple breakdown is as follows, say you are looking to get a home loan of around $800,000. The monthly installment applicable at an interest rate of 3.50% over a tenure of 30 years is around $3,600.The applicable savings amount to be pledged to the bank in order to PASS TDSR REQUIREMENTS is then approximately $300,000. Do note that the savings will be locked in with the bank once your mortgage has been approved and cannot be withdrawn for a period of 4 years or used towards the downpayment of the private property you are intending to purchase. Also, only certain banks and not all can grant a bank loan using this method.