Find The Best Home Loans In Singapore

Last Updated On 19/08/2019

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Looking for that perfect place to call home? Are you looking for an affordable HDB flat, a condominium sitting in the heart of the CBD or a bungalow at holland village? 

No matter what you choose, your home loan is the first step towards getting your home. Your home will be the largest asset you have ever owned and your home loan will be the largest loan you probably have ever taken. Get expert help with your home loan today with EasyRates! Where our advisors with decades of experience can provide you with not just expert advice, but also exclusive home loan rates you won't be able to find anywhere else.

Choosing the right loan package to buy your dream home may seem like a big challenge, but worry not, with EasyRate’s expert help to find you the right bank or lending institution.

There’s no denying the fact that buying a home is often a long and arduous task, as there are plenty of crucial things involved. And a home loan is definitely one of the more complex financial decisions you’ll make, considering things like what is the best home loan interest rate for you.

There are plenty of options to be assessed within home loans, so you should start deciding what is that you want to do before you acquire a home loan.

You should decide whether you need this loan for a home improvement project, or if you’re planning to switch to a bigger home from a small one. Look for the best mortgage loan Singapore at a decent interest rate so you can enjoy moving into your new your home with all your heart.

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CIMB 1 Month Sibor Preferred Package (BUC & Completed)


S$ 2,824


3 Years

S$ 44,675



Buyer Type:


Housing Type:


Housing Status:


Legal Subsidy:

*BUC will have 1 time free conversion upon TOP. 
*Refinancing will have legal subsidy of 0.25% of loan amount capped at $2K. 

Interest Rates

Period Rate Net interest Monthly Repayment
Year 1 Sibor + 0.15% 2.03% S$ 2,824/mth
Year 2 Sibor + 0.15% 2.03% S$ 2,824/mth
Year 3 Sibor + 0.15% 2.03% S$ 2,824/mth
Thereafter Sibor + 0.60% 2.48% S$ 2,999/mth

DBS 3 Yrs Fixed Rate Package (Min$100K)


S$ 2,771


3 Years

S$ 45,784



Buyer Type:


Housing Type:


Housing Status:


Legal Subsidy:

Cash rebate for HDB refi only
-$1.8k for loan amount above $200k
Cash rebate for PTE refi only
-$1.8k for loan amount $500k to $1mil
-$2k for loan amount $1mil to $3mil
-2.5k for loan amount >$3mil

Interest Rates

Period Rate Net interest Monthly Repayment
Year 1 Fixed (1.89%) 1.89% S$ 2,771/mth
Year 2 Fixed (2.18%) 2.18% S$ 2,882/mth
Year 3 Fixed (2.18%) 2.18% S$ 2,882/mth
Thereafter FHR8 + 1.23% 2.18% S$ 2,882/mth
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What Can I Afford ?

Are you looking at your dream home, but don’t know if you can afford it ?

Knowing the amount that banks+++ will be willing to loan you (based on factors such as your age, income and liabilities) is the first step to any successful home purchase. After determining the total amount you can afford, you’ll want to look into a loan with monthly repayments that fit your income, savings and lifestyle.

Identifying what loan you can afford could be the difference between looking at your dream home, and owning it.

The good news is, finding out what home loan you can afford is easy with our EasyRates Affordability Calculator. In minutes, you can assess your debt-to-income ratio, loan amount and mortgage repayments. The EasyRates Affordability Calculator is free to use, so give it a try!

What is my monthly mortgage payment?
monthly mortgage payment

Choosing a Loan ?

Just like home prices, mortgage loan Singapore rates too fluctuate over time. As such, choosing a suitable home loan Singapore is crucial to ensuring that you can comfortably afford your loan.

Should I choose a fixed rate or a floating rate? Finding the best home loan interest rate may seem confusing and difficult. Especially since there are no hard and fast rules determining which type of loan is the best (since no one predict future interest rates with 100% accuracy), so it’s advisable to simply choose a loan package option that you’re most comfortable with.

If you need additional advice on this choosing a loan, speak with us. We’ll be happy to help.

Short-term Fixed Interest Rates

Short-term Fixed Interest Rates

Fixed monthly payments that protects you from rate fluctuations for the first 1 to 2 years, allowing you to plan your budget easily and reliably.

Variable Interest Rates

Variable Interest Rates

Loans are pegged to the bank’s board rate and exchange the safety of assured fixed rates, for generally lower interest rates.

SIBOR-Dependent Rates

SIBOR-Dependent Rates

Loans are pegged to the bank’s board rate and exchange the safety of assured fixed rates, for generally lower interest rates.


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Beginners’ Mistakes

Owning your first home is an exciting adventure that we’re delighted to be a part of. With that said, it’s also a time when costly mistakes can be made. Thankfully, our experience in the industry (and working with first time home buyers) has helped us identify common beginners’ mistakes.

Take a look at this list and be sure to learn from experience, just what you need to consider and do when taking up your first home loan. If you’d like additional advice, simply contact us. We’re always on hand to help.

Top 10 Beginners’ Mistakes

analyse finances Not analysing your current finances before taking up a loan.
loan choice Allowing your desire for a particular home to dictate your loan choice (without considering your ability to finance your mortgage).
pre-approval from banks Allowing a real estate agent or banker tell you what you can afford - always do a pre-approval from the banks first. Our Consultants will be happy to facilitate this process.
compare loans Take up the first loan that’s offered, without making comparisons.
Spending the maximum amount Spending the maximum amount that your finances can afford
mortgage interest rates Assuming that mortgage interest rates will always remain the same.
budget for home renovations Neglecting to budget for home renovations, repairs and maintenance costs and property tax.
property resale value Not considering a property’s resale value.
Selecting the wrong mortgage Selecting the wrong mortgage for your needs/preferences.
Selecting a mortgage Selecting a mortgage with a long lock in if you intend to sell your property soon

Why Us ?

At EasyRates, we understand that taking a home loan is a huge decision – possibly the largest financial decision you will make in your life

We want to assist you with taking this step by giving you the knowledge, tools and resources to make owning your dream home a reality.

We will provide you with as much (or as little) help as you want - whether this means simply giving you access to a suite of valuable tools to help you make an informed decision, or holding your hand and guiding you through each and every step of the home loan consideration, shortlisting and selection process.

Why Home Owners are Raving Over EasyRates

  • home owner loan

    One-Stop Hub

    We provide more than just home loans, we are a one-stop hub for all complimentary needs, including refinancing, equity loans, commercial property loans, personal and business loans, insurance and investments

  • Personalised Guidance home loan

    Personalised Guidance

    Lost? Don’t be. Chat with our consultants, they’ll guide you through the entire home loan selection and application process.

  • home loan application

    Prompt Response

    There’s no waiting around with EasyRates. We promise to reply to your applications and questions within 24 hours.

  • home loan rates singapore

    Best Rates

    Get offers for the most competitive home loan rates in Singapore.

  • home loan comparisons

    Comprehensive Home Loan Comparisons

    Find the best, most suitable loans within seconds – from the convenience of your computer or mobile device.

  • comprehensive home loan offers

    Strong Partnership with Banks

    We partner with the top banks in Singapore to offer you the most attractive, comprehensive home loan offers

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Getting Started

Shortlisting, selecting and obtaining your home loan with EasyRates is an easy and straightforward. We believe in taking the complexity out of home loans, and have simplified this to a 4-step process.

  • Step

    Enter your desired loan and property type into the Loan Comparison Tool.

  • Step

    Compare home loan offers and select one (or a few) that’s suitable for you.

  • Step

    Submit your details and compare home loan rates from our banking partners.

  • Step

    Choose the best home loan interest rate for you

  • Step

    Choose the best home loan interest rate for you


Frequently Asked Questions (FAQ)

If you are unsure of which home loan to choose, it is best to discuss this with a home loan professional. Drop us a note and we will be glad to assist you.

Owning a freehold property means that you are the owner of the property for an indefinite period of time. With a leasehold property, there is a definite number of years where you are the owner of the property. This can range from 99 to 999 years.

With private property, do note that the sale and purchase has to be completed within 12 weeks from the date where the Option to Purchase is exercised. For HDB flats, the sale and purchase is completed during your completion appointment with HDB (this is usually 6 to 8 weeks after your first appointment).

Most of the time, your Option to Purchase must be exercised with 14 days. If this time lapses, your option fee may be forfeited. As a safeguard, you may obtain an in-principal approval from a bank before committing to your purchase and paying the option fee.

The documents banks typically need include:

  • Your NRIC/passport (Singaporeans) or employment pass (for foreigners)
  • Notice of Assessment
  • Payslips (or other proof to confirm your current salary)
  • CPF contribution history
  • Option to Purchase, or the Sale and Purchase Agreement
  • Any other documents that the bank may request for

When you decide to make an offer, you will be asked to place an option fee of 1% of the purchase price. When you choose to exercise this option, you will (usually) be asked to pay another 4% of the purchase price. If this is your first property, you can borrow up to 80% of the purchase price or valuation (whichever is lower). Of the remaining 20%, 5% is to be paid in cash and the rest in either cash or CPF funds.

For most banks, the minimum loan amount is $100,000 for private property and HDB flats.
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