Home Loan Calculator — Singapore
Estimate your monthly home-loan instalment in SGD for HDB or bank financing at current SORA-linked rates. See total interest over the term. No signup, no tracking.
Current rates (≈ 2026 — bank rates SORA-linked; verify with your lender)
| Lender / type | Typical rate | Notes |
|---|---|---|
| HDB concessionary loan | 2.6% | Fixed by HDB, for eligible flats |
| DBS | 3.0–3.5% | SORA-linked & fixed packages |
| UOB | 3.0–3.5% | Competitive fixed periods |
| OCBC | 3.0–3.5% | Eco/green home loans |
| Standard Chartered | 3.0–3.6% | SORA-pegged |
Major lenders
- HDB — concessionary loan at 2.6% for eligible HDB flat buyers
- DBS — largest bank; fixed and SORA-pegged packages
- UOB — competitive fixed-rate periods
- OCBC — green/eco home loan options
- Standard Chartered & Maybank — additional SORA-linked choices
The real cost — a worked example
Example: S$800,000 bank loan at 3.5% for 25 years
- Monthly payment: S$4,005
- Total paid over 25 years: S$1,201,497
- Total interest: S$401,497
- An HDB concessionary loan at 2.6% on the same amount costs noticeably less in total interest.
HDB loan vs bank loan, and TDSR
- HDB concessionary loan (2.6%) — only for eligible HDB flats; stable rate, higher LTV. Bank loans (≈3–3.5%) — for private property or by choice, SORA-linked or fixed.
- TDSR caps total monthly debt at 55% of gross income; MSR caps HDB/EC housing repayment at 30%. Both limit your maximum loan.
- Bank rates move with SORA after any fixed period — model a higher rate to stress-test affordability.
Frequently Asked Questions
How is a home loan instalment calculated in Singapore?
Using the reducing-balance formula P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1). Bank loans are usually fixed for 1–3 years, then float with SORA; HDB loans use a fixed 2.6% concessionary rate.
What is the current home loan rate in Singapore?
HDB concessionary loans are fixed at 2.6%. Bank loans are roughly 3–3.5% in 2026, pegged to SORA after any fixed period. MAS manages policy via the exchange rate rather than a set interest rate.
What is TDSR and how does it limit my loan?
The Total Debt Servicing Ratio caps all your monthly debt repayments at 55% of gross income. For HDB flats and ECs, the Mortgage Servicing Ratio also caps housing repayment at 30% of income.
Should I take an HDB loan or a bank loan?
HDB's 2.6% is stable and allows higher LTV for eligible flats. Bank loans can start lower but float with SORA and have stricter LTV. Many buyers refinance from HDB to a bank loan later if rates fall.
Can I prepay or refinance my home loan?
Yes. Banks allow prepayment (watch for lock-in penalties during the fixed period) and many owners refinance every few years to chase lower SORA-linked rates.