Quick Answer
Compare how the rate works, how long you commit, the later rate formula and costs, not just the first advertised rate. In this edition reviewed on 29 September 2026, DBS’s 2.08% three-year fixed rate and 1.78% first-year CPF-OA-pegged rate carry different risks and commitments. These are dated published-rate examples, not personal offers or live rates.
The Useful Number: A 2.08% three-year fixed rate and a 1.78% first-year rate pegged to the CPF-OA rate carry different risks and commitments.
What Did DBS Publish On The Review Date?
Reviewed 29 September 2026. DBS publishes an HDB package fixed at 2.08% for three years, then 3M SORA plus 1%. (SORA, the Singapore Overnight Rate Average, is a benchmark interest rate.) The minimum loan is S$200,000.
DBS also publishes a package pegged to the CPF Ordinary Account (OA) rate: 1.78% in the first year, with a minimum loan of S$100,000. These are published examples, not personal offers.
The site also has UOB SORA-linked schedules and an HDB benchmark. UOB fixed, OCBC and the CPF-OA-pegged packages are quote-only and not ranked, the last until its later-year rates are confirmed. We do not cover the whole market.
- Three-Year Fixed Package
- CPF-OA-Pegged Package
- Years 1 To 3: 2.08%
- First Year: 1.78%
- From Year 4: 3M SORA + 1%
- Later Years: Not Confirmed, Ask DBS
Data as of . Source: DBS — HDB Home Loans.
Is A Rate Comparison The Same As Total Cost?
Take a hypothetical S$300,000 balance held flat for a year. At 2.08%, that is S$6,240 interest; at 1.78%, S$5,340. That simple S$900 difference is for the first year only. A real loan shrinks as you repay it, so these are not the comparison calculator’s amortised costs.
For your own balance and tenure, use the comparison; its floating-rate case does not predict where rates go.
What Happens After The First Years?
A first-year rate is not fixed for the whole loan. Get the full Letter of Offer and compare lock-in terms, conversion rights, fees and rebate clawbacks.
A lower headline rate does not mean you qualify for the loan. Check age, valuation, cash needs and existing debt separately with the borrowing-limit guide.
Why Ask For A Fresh Written Quote?
Ask each bank to quote the same loan amount, tenure and holding period. Confirm benchmark dates and the full cost of switching. Published packages may change or close. This September edition reserves no rate; our October edition will replace it.
Review The Comparison
Check each record’s date, the eligibility rules and provider terms before you act.
Compare Home Loans →Frequently Asked Questions
Is A First-Year Rate The Same As A Fixed Rate?
No.
The reviewed CPF-OA-pegged package shows 1.78% for its first year. Its later-year rates were not confirmed for this edition. The three-year fixed package holds 2.08% for three years, then moves to 3M SORA plus 1%. Compare the whole commitment, not the first year.
What Happens After A Fixed-Rate Period Ends?
DBS’s reviewed three-year fixed package moves to 3M SORA plus 1% after year three.
Get the full Letter of Offer. Compare lock-in terms, conversion rights, fees and rebate clawbacks, not just the first period.
How Much Difference Does The Rate Gap Make On A S$300,000 Loan?
On a hypothetical S$300,000 balance held flat for a year, 2.08% means S$6,240 interest and 1.78% means S$5,340.
That is a simple S$900 difference, for the first year only. A real loan shrinks as you repay it, so use the comparison calculator for amortised costs.
How Should I Request Home Loan Quotes?
Ask each bank using the same loan amount, tenure and how long you plan to keep the loan.
Confirm benchmark dates and the full cost of switching. Published packages may change or close. This static September edition does not update itself and does not reserve a rate for you.
Sources & Assumptions
Editorial review: 29 September 2026. This is a dated snapshot, not live rates. Each example says whether it is hypothetical or based on a source.
A snapshot of published rates checked on the review date, not loan approval. The flat-balance sums are examples, not a forecast of amortised loan costs.