SORA Rate Singapore
- 1M, 3M and 6M SORA

The SORA rate in Singapore today depends on the compounded SORA period you are checking. The commonly watched rates are 1M, 3M and 6M compounded SORA.

For home loans, 3M SORA is often the key benchmark because many floating-rate packages are priced using 3M SORA plus a bank spread. You can refer to the current SORA rates table above, which is updated based on the latest available data.

There is no single best SORA option for every borrower. A 1-month SORA package may adjust more quickly, while a 3-month SORA package is commonly used because it offers a balance between responsiveness and stability. A 6-month SORA package may adjust less frequently.

The better choice depends on the bank spread, lock-in period, free conversion terms, your risk comfort and your view on the interest rate cycle. The SORA rate chart can help you see whether rates have been rising, falling or stabilising, and can be useful as a guide.

Banks usually use compounded SORA because it smooths out daily overnight rate movements over a period such as 1 month, 3 months or 6 months.

This makes the benchmark more practical for mortgage pricing compared with using a single overnight SORA rate directly.

If your home loan is pegged to SORA, your interest rate may move when the applicable SORA benchmark changes. A rising SORA trend can increase your monthly repayment, while a falling SORA trend may reduce interest cost over time.

However, your actual mortgage rate also depends on the bank spread, lock-in period, repricing options and the terms of your loan package.

You can check the current SORA rate in Singapore from the latest SORA rate table on this page. For home loan planning, it is useful to look at both today’s SORA rate and the historical trend to understand where we are in the interest rates cycle.

This helps you determine whether floating-rate packages are becoming more or less attractive compared with fixed-rate mortgage options.

3-month SORA may rise or fall depending on the broader interest rate environment and Singapore dollar money market conditions. Instead of relying on a single forecast, borrowers should look at the recent SORA trend (refer to our live SORA Trend Chart), compare fixed-rate alternatives, and review bank spreads and lock-in terms before choosing a package.

If 3M SORA is trending down, a SORA-pegged floating package may become more attractive. Conversely, if it is trending up, borrowers may consider locking in a fixed rate to reduce exposure to further rate increases.

The final decision should still depend on the full loan package, not just the benchmark rate.