What is Compounded SORA and how does it affect my home loan?

Compounded SORA is the Singapore Overnight Rate Average compounded over 1, 3 or 6 months. From 2024, all major Singapore banks peg floating home loans to Compounded SORA + a bank spread. When SORA moves, your monthly instalment moves with it after the next reset date.

What is the MAS 4% stress test for Singapore mortgages?

MAS Notice 645 requires lenders to compute TDSR (Total Debt Servicing Ratio) using a 4.00% medium-term interest rate floor. Even if your actual rate is 3.20%, the bank tests whether your monthly debt at 4.00% would still keep you within 55% of gross income — and 30% MSR for HDB.

Where do you source SORA data from?

Compounded SORA values displayed on this page are sourced directly from the Monetary Authority of Singapore (MAS), refreshed daily and published in machine-readable JSON and RSS at https://nexusmortgage.sg/sora-feed.json and https://nexusmortgage.sg/rates.xml.

Residential Mortgage

Current Singapore
Mortgage Rates

Name: Singapore Compounded SORA — Daily Snapshot
Creator: Monetary Authority of Singapore
License: https://www.mas.gov.sg/-/media/MAS/Terms-and-Conditions.pdf

Indicative rates from our panel of 16+ banks — fixed and floating, HDB and private. Updated regularly.

Live Benchmark

Compounded SORA · Live

Compounded 1-Month

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As of —

Compounded 3-Month

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Most-used floating peg

Source: Monetary Authority of Singapore · RSS · JSON · Stress-test ↓

1M SORA % p.a.

3M SORA % p.a.

FHR6 % p.a.

Rates updated:

🏗 BUC packages are for uncompleted properties (under construction). No lock-in penalty — loan tracks construction progress with 2× free conversions (before TOP and again after TOP).

Rates are indicative and subject to change without prior notice. Final rates are subject to bank approval, credit assessment, and prevailing conditions at time of application. Best available rates shown from our panel banks; individual eligibility may vary.

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MAS Notice 645

Stress-Test Your Mortgage at 4%

MAS requires lenders to compute TDSR using a 4.00% medium-term floor — even if your actual rate is lower. Use this to see your worst-case monthly instalment plus how rate hikes affect cash flow.

Monthly at 3.50% —

Stress-tested @ 4.00% —

Scenario	Rate	Monthly	Δ vs current
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Minimum Income Required @ 4% Stress

Private property · 55% TDSR — —

HDB / EC · 30% MSR — —

Cap	Stress Monthly	Min Gross Income	Tenure

Min income = stress-tested monthly ÷ servicing cap. Tenure auto-capped: HDB / EC max 25 years, private property max 30 years. Stress floor per MAS Notice 645. Excludes other debts — car/CC/personal loans reduce TDSR headroom. For a personalised IPA, request your free report.

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