Quick answer: DBS and OCBC are the go-to picks for a fuss-free, all-digital loan with rates starting around 2.05%–2.10% for two years. If the lowest number on the page matters most, Maybank’s 1.85% two-year fixed rate is the one to eyeball first. For anyone juggling property across borders, HSBC and Standard Chartered bring global banking perks into the package. All seven lenders here let you lock in your monthly repayment so there’s no kancheong when Sibor or SORA shifts.
A fixed rate home loan locks your monthly repayment so you don’t have to watch the market every few weeks—which can feel especially sian when you’re already juggling a renovation budget. For first‑time buyers and upgraders alike, knowing exactly what leaves your account each month helps you plan beyond the mortgage, from childcare to that long‑saved‑for holiday.
Best Loans & Financing in Singapore holds 12 guides in this category, if you want to see what else is out there.
When the property agent finally calls with that acceptance SMS, the last thing you want is to second-guess whether your mortgage will balloon next quarter. A fixed rate home loan simply means the bank holds the interest rate steady for a few years—and you get to stretch your cash flow without sweating the news. Here are seven banks that let you do exactly that.
DBS Bank
If you already live on the DBS digibank app, taking up their fixed rate package feels like a natural extension of your usual money flow. They run Singapore’s largest banking network and their mortgage process is built from the ground up to be paperless and quick. Rates start from about 2.05% for a two- to five-year lock-in, whether you’re buying an HDB flat or a private condo. After the fixed window, you can refinance without having to untangle yourself from a clunky system. The whole loan journey, from approval to monthly statements, lives inside the same app that already knows your salary crediting and savings habits.
Details: 12 Marina Boulevard, Marina Bay Financial Centre Tower 3, Singapore 018982. Phone: 1800 222 2200. Mon–Fri 9am–4.30pm, closed weekends. Website: DBS Bank.
This one suits the digitally steady homeowner who wants to handle everything from a single dashboard—especially if you value speed over having a dedicated relationship manager call you every other month.
If your salary, savings and daily transactions already live inside the DBS digibank app, taking up a fixed rate package here cuts out paperwork and keeps everything on one dashboard. The long lock‑in options suit buyers who plan to stay put for at least five years and want the repayment amount pinned down from the start.
OCBC Bank
OCBC leans into something a lot of banks only pay lip service to: they’ll tell you if your property qualifies for a green home loan at a better rate. Their fixed rate packages run two to three years from around 2.10%, and they’re known for pushing out an approval in as fast as 60 minutes when you fit the profile. Beyond speed, the bank’s hybrid fixed-floating structures let you split the loan so part of it rides a floating rate while the rest stays locked—useful if you think rates might dip but don’t want to bet the whole house on it.
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Details: 65 Chulia Street, OCBC Centre, Singapore 049513. Phone: 1800 363 3333. Mon–Fri 9am–4.30pm, Sat 9am–11.30am, closed Sun. Website: OCBC Bank.
A solid fit if you’re eyeing a new launch with green certification, or you simply want the option to talk to a human who can craft a package that doesn’t feel off-the-shelf. While you’re planning the purchase, you might also want to compare SGD Fixed Deposit Rates in Singapore to park your funds before the big cheque needs to be written.
For homeowners buying an energy‑efficient property or planning to retrofit after purchase, OCBC’s green loan track can unlock a slightly better fixed rate. The bank’s quick approval timeline suits buyers who need certainty fast—perhaps because they’ve found a resale flat and don’t want the deal to slip away.
UOB
UOB’s fixed rate package starts around 2.28% for a two-year term—slightly higher than some competitors—but there’s a reason a lot of private property buyers still walk through their plaza doors. They offer legal subsidies that take a real bite out of your initial outlay, and loan-to-value ratios go up to 75%, so you’re not scrambling for a massive cash top-up. The bank wraps the mortgage into its wider wealth planning service, which means the same relationship manager who handles your home loan might also help you restructure your investment portfolio so the EMI doesn’t cramp your other goals.
Details: 80 Raffles Place, UOB Plaza, Singapore 048624. Phone: 1800 222 2121. Mon–Fri 9.30am–4.30pm, Sat 9.30am–12.30pm, closed Sun. Website: UOB.
This is for the buyer who sees the home loan as a piece of a bigger plan, and doesn’t mind paying a touch more on the headline rate if it means a subsidy and a banker who remembers their name. If you’re also running a side business, you might want to glance at our round-up of Business Loans in Singapore to keep your working capital separate.
UOB often appeals to private property buyers because the legal subsidy can noticeably lower your upfront cash outlay. Their mortgage sits inside a wider wealth plan, so if you already invest or insure with UOB, you might find it simpler to manage everything under one roof.
HSBC
HSBC thinks in time zones, not just neighbourhoods. Their fixed rate loans lock in from 2.10% for two to three years, and they become genuinely useful if you have assets or income in another currency and want the mortgage to mirror that picture. The bank has a sharp approval pipeline for high-value properties and expatriate applicants—something that can feel sian when you’re stuck in a local-only queue elsewhere. They also throw in sustainable lending incentives, so if your place hits certain energy benchmarks, there’s a little extra on the table.
Details: 10 Marina Boulevard, #48-01 Marina Bay Financial Centre Tower 2, Singapore 018983. Phone: +65 6-4722 669. Mon–Fri 9.30am–5pm, closed weekends. Website: HSBC.
Perfect for the global Singaporean or permanent resident whose money moves across a couple of countries—HSBC makes that feel less like a paperwork nightmare and more like a perk. Nothing on this page is a paid placement. If you know a place that should be here, let us know before the next update.
HSBC’s international reach makes it a natural fit if you earn or hold savings in a foreign currency and want your mortgage repayments to match that income stream. The bank’s experience with expatriate applications tends to smooth away the extra paperwork that can slow down a local‑only process.
Standard Chartered
Standard Chartered lands around 2.15% on a two-year fixed loan, and where they stand out is the room they give you to pay down the principal early without getting whacked by heavy penalties. That partial prepayment flexibility is a real shiok factor if you expect a bonus or a windfall and want to knock down the loan fast. Their priority banking tie-in means you’re not just borrowing money—you’re nudged into a whole ecosystem of wealth advisory and preferential rates. They’ve also put a flag in sustainable financing, so the conversation can include green home incentives if your unit qualifies.
Details: 8 Marina Boulevard, Marina Bay Financial Centre Tower 1, Singapore 018981. Phone: +65 6747 7000. Mon–Fri 10am–7pm, closed weekends. Website: Standard Chartered.
Go with them if you like the idea of keeping the loan tight and paying it off early with minimal fuss—and you enjoy having your mortgage and private banking sitting under one roof.
Standard Chartered’s fixed rate structure is particularly thoughtful for buyers who expect lump sums—like an annual bonus or CPF top‑up—and want to shrink the principal early without incurring a penalty. The priority banking relationship can also be handy if you prefer having a dedicated banker for future refinancing discussions.
Maybank
Maybank’s 1.85% two-year fixed rate is the page’s attention-grabber—it simply leaves more cash in your pocket each month. Beyond the number, they offer Shariah-compliant financing, so Muslim homeowners don’t have to choose between faith and value. They also work smoothly with building-under-construction projects, which is a relief if your developer has a timeline that keeps shifting. The bank runs a rewards programme that throws in a little extra for loyal customers, and the approval process is deliberately streamlined so you’re not waiting around with your BTO keys getting warm in your hand.
Details: 2 Battery Road, Maybank Tower, Singapore 049907. Phone: 1800 629 2265. Mon–Fri 10am–6.30pm, closed weekends. Website: Maybank.
This is the one for the value-conscious buyer who wants the lowest monthly commitment and cares about a family-compatible financing structure. If you’re still building your down payment while you compare loans, our guide to Bank Fixed Deposit Rates in Singapore can help you grow that stash safely.
Maybank’s fixed rate package is structured to keep your monthly repayment light, leaving more room in the household budget. The Shariah‑compliant option and their comfort with building‑under‑construction projects also make this a solid choice for Muslim families and buyers of uncompleted homes.
CIMB
CIMB comes in at around 2.00% for the initial fixed years, and they’ve built their home loan process to be mobile-friendly from the start—you can apply, upload documents and track your status entirely online. The real draw for many is how they treat refinancing. Their incentives for homeowners switching over from another bank make the jump less costly, and the approval speed is consistently cited as a reason people stick around. The bank’s ASEAN footprint also means if you ever expand your property portfolio across the causeway, you’re already in familiar territory.
Details: 30 Raffles Place, #04-01, Singapore 048622. Phone: +65 6333 7777. Mon–Fri 9am–4.30pm, Sat 9am–1pm, closed Sun. Website: CIMB.
Ideal for refinancers who want to trim their current rate without eating a big switching cost, and for anyone who does their banking almost entirely on a phone screen.
How to choose
A fixed rate loan is ultimately about buying yourself a few years of certainty, so the first call is how long you want that certainty. Two-year locks are the most common—and usually the cheapest—but if you’re deeply averse to surprises, three- or five-year locks from DBS or OCBC let you stretch that peace of mind further. Bear in mind that the very lowest rates sometimes come with tight restrictions on making extra payments; if you plan to pay down the loan fast, check the partial prepayment terms before signing.
Don’t just compare percentages. A loan with a rate of 2.28% but a legal subsidy (like UOB) can end up cheaper overall than a 2.05% loan with no subsidy, once you run the numbers on your specific property price and timeline. Also ask about the clawback period: most banks require you to stay for the full lock-in or refund the legal subsidies and other perks. Finally, a fair price range for a two-year fixed rate right now sits between 1.85% and 2.28%, and anything beyond that should come with a very clear reason attached.
| Bank | 2-Year Fixed Rate | Lock-in Period | Standout Feature |
|---|---|---|---|
| DBS Bank | ~2.05% | 2–5 years | Full digital integration, quick refinancing |
| OCBC Bank | ~2.10% | 2–3 years | Eco-friendly loan options, hybrid structures |
| UOB | ~2.28% | 2 years | Legal subsidies, wealth planning link |
| HSBC | ~2.10% | 2–3 years | Multi-currency solutions, expat-friendly |
| Standard Chartered | ~2.15% | 2 years | Partial prepayment flexibility, priority banking |
| Maybank | ~1.85% | 2 years | Shariah-compliant, BUC-ready process |
| CIMB | ~2.00% | 2 years | Refinancing incentives, ASEAN connectivity |
Summary
Whether you’re locking down a BTO, upgrading to a condo or simply refinancing a tired old package, a fixed rate home loan turns your biggest monthly bill into something predictable. The banks here range from the low-cost champ Maybank to the globally wired HSBC, so there’s a steady option for almost every kind of property journey.
Disclaimer: All figures and details here were drawn from publicly available information and are accurate as of the date of this article. Loan rates and terms can change; always confirm the latest package directly with the bank before applying.
Frequently asked questions
CIMB built its home loan journey for a mobile‑first borrower, so if you prefer handling everything from your phone, you’ll find the application and document upload straightforward. Their refinancing incentives are worth a close look when your current lock‑in ends, helping to cover some of the switching costs that can otherwise give you pause.
What exactly is a fixed rate home loan?
It’s a mortgage where the interest rate stays the same for an agreed period—usually two to five years. Your monthly repayment doesn’t change even if market rates go up during that window, which makes budgeting a lot easier.
Which bank offers the lowest fixed rate in Singapore right now?
Based on current public rates, Maybank has the lowest two-year fixed package at around 1.85%, though you’ll want to compare the full terms as headline rates sometimes come with stricter conditions.
Can I switch from a floating rate to a fixed rate later?
Yes, most banks allow refinancing into a fixed rate package after your current lock-in period ends. CIMB and several others even offer specific incentives to cover legal or processing costs when you make the switch.
Are there Islamic or Shariah-compliant fixed rate loans available?
Maybank provides Shariah-compliant home financing with fixed rates, built on a structure that avoids interest in the conventional sense. It’s worth asking directly about the terms and whether it suits your situation.
How fast can I get a home loan approved?
Approval times vary, but OCBC advertises a 60-minute in-principle approval for eligible borrowers, and CIMB is known for quick digital processing. For a smoother experience, have your payslips and CPF statements ready before you apply.
What happens after the fixed rate period ends?
The loan typically reverts to a floating rate based on the bank’s board rate or a reference like SORA. You can either let it roll onto that floating rate or refinance into another fixed package—ideally before the lock-in expires to avoid any penalty.
