SORA today: 1-month and 3-month Compounded SORA

Checked against MAS at 11:20 am, 13 Nov 2026 SGT. MAS publishes SORA and the compounded rates by 9 am each Singapore business day; we check at 9:20 and 11:20 am.

On a $500,000 loan at 3-month SORA + 0.80% over 25 years: $2,155 a month today, $24 more than a year ago. Your own loan

Where your next rate is heading

Compounded SORA looks back: the 3-month rate published on any day is the average of SORA, compounded, over the 3 months before it. So on any day, part of the next rate is already fixed by the days that have passed, and only the rest can still change.

If your 3-month rate resets on 13 Dec

It is likely to be about 1.41%, up about 0.07 points. 61 of the 91 days it covers have already happened, so most of it is already set; the rest assumes SORA stays near the last month’s 1.47%.

Rate, on	Our estimate	If SORA moves 0.25 either way	Already known
3-month 13 Dec 2026	about 1.41%	1.33% to 1.50%	61 of 91 days
3-month 13 Jan 2027	about 1.47%	1.31% to 1.64%	31 of 92 days
3-month 13 Feb 2027	about 1.47%	1.22% to 1.72%	0 of 92 days
1-month 13 Dec 2026	about 1.47%	1.22% to 1.72%	0 of 30 days

Our record: since 2021, this one-month-ahead estimate of 3-month Compounded SORA was within 0.10 points of MAS’s published figure on 1,262 of 1,452 days (median miss 0.03 points). Two and three months ahead, less of the window is known, so it misses by more (median 0.06 and 0.11). Banks often use the rate published a few days before your reset date; check your loan letter.

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One email at the start of each month with 1, 3 and 6-month Compounded SORA, plus one whenever 3-month SORA moves 0.10 points or more.

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What it means for your loan

Put in what is left on your loan, your bank’s spread over SORA (it is on your loan letter, for example “3M SORA + 0.80%”) and the years left. You see the monthly payment today, what it was 3 months and a year ago, and what it would be if SORA moved.

Your floating-rate loan

Loan left to pay

$

Your bank’s spread over SORA

+%

On your loan letter, e.g. “3M SORA + 0.80%”.

Years left

years

Your loan follows

3-month 1-month 6-month

Your rate now

2.15% (3-month SORA 1.35% + 0.80%)

Monthly payment now

$2,155

3 months ago (13 Aug 2026, 1.12%)

$2,100 (− $55)

A year ago (13 Nov 2025, 1.25%)

$2,131 (− $24)

If it resets on 13 Dec (about 1.41%)

$2,171 (+ $16)

If SORA rises 0.50 points

$2,280 (+ $125)

If SORA falls 0.50 points

$2,034 (− $121)

A $500,000 loan repaid monthly over 25 years, at each rate for the whole time. Banks may use a rate published a few days before your reset, round it, or set a floor. Not advice.

Every spread, per $100,000

Monthly payment on each $100,000 over 25 years at today’s 3-month Compounded SORA (1.35%). Tap a spread to load it into the calculator.

For $500,000, multiply by 5. Spreads shown are a range to compare, not quotes from any bank.

The same loan, month by month since 2005

On $500,000 at 3-month SORA + 0.80% over 25 years, the monthly payment would have run from $1,848 (Apr 2012, SORA 0.04%) to $2,794 (Nov 2023, SORA 3.75%): $946 a month apart. Today it is $2,155.

Monthly payment

2 yearsSince 2005

Tap or hover on a column to read it.

$0$1,000$2,000$3,000

Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26

HDB loan or bank loan?

HDB loan or a bank floating loan?

Today a bank loan priced at 3-month SORA plus less than 1.25% has a lower rate than an HDB loan (2.60%). That gap closes if SORA rises: at its 5-year high, the bank loan would cost more.

Case	HDB loan	Bank, 3M SORA + 0.80%
Rate today	2.60% · $454	2.15% · $431
If 3-month SORA went back to its 5-year high (3.76%, Nov 2023)	2.60% · $454	4.56% · $559

Rate · monthly payment per $100,000 over 25 years; ✓ marks the cheaper one. The HDB rate is 0.1 point above the CPF Ordinary Account rate (2.50% from 1 Oct to 31 Dec 2026; HDB), reviewed every quarter. The bank spread is an example; change it in the calculator. Rates are not the whole story: you can move from an HDB loan to a bank loan later but not back, many bank packages have lock-in periods, and HDB loans have their own eligibility rules. Not advice.

Where SORA sits among Singapore rates

SORA is what banks pay each other overnight, compounded; T-bills and Savings Bonds are what the government pays you; CPF OA is what your CPF savings earn. They move together over time, which is why floating loan rates and savings rates tend to rise and fall at once.

SORA since 2005

3-month compounded SORA (overnight)

1 year5 yearsSince 2005

Tap or hover on the chart to read a value.

0%0.5%1%1.5%2%

Jan 2026AprJulOct

The last 13 months

SORA in every year since 2005

Year	Average	Lowest day	Highest day
2026 (so far)	1.16%	0.76%	1.74%
2025	1.78%	0.73%	3.13%
2024	3.44%	2.11%	4.27%
2023	3.62%	2.16%	4.08%
2022	1.50%	0.04%	4.39%
2021	0.15%	0.04%	0.40%
2020	0.30%	0.01%	1.68%
2019	1.48%	0.27%	2.24%
2018	1.04%	0.05%	2.18%
2017	0.56%	0.03%	1.41%
2016	0.20%	0.01%	0.92%
2015	0.25%	0.03%	1.23%
2014	0.08%	0.01%	0.32%
2013	0.05%	0.02%	0.39%
2012	0.06%	0.02%	0.30%
2011	0.05%	0.01%	0.23%
2010	0.10%	0.03%	0.30%
2009	0.19%	0.03%	0.63%
2008	0.67%	0.07%	1.76%
2007	2.24%	0.49%	3.28%
2006	3.19%	1.22%	3.78%
2005 (from July)	2.23%	1.68%	3.78%

Every day since July 2005, with SORA, the SORA Index and the 1, 3 and 6-month compounded rates: download the CSV (opens in any spreadsheet).

SORA in plain words

• SORA (the Singapore Overnight Rate Average) is the average rate banks paid to borrow Singapore dollars from each other overnight, without security, between 8 am and 6.15 pm, weighted by how much each trade was for. MAS works it out from the banks’ trades and publishes it by 9 am the next business day.
• Compounded SORA strings the daily rates together over 1, 3 or 6 months, as if you had lent each day’s interest out again the next day. On weekends and public holidays the last business day’s rate counts for each day off. MAS has published the 1, 3 and 6-month rates every business day since 6 August 2020, and worked them out back to 2005.
• The SORA Index is that compounding as a running total: divide the index on two dates and you get the compounded rate between them. It is how banks, and this page, work out a rate for any period.
• Floating home loans in Singapore are priced as a SORA rate plus a spread, for example 3-month Compounded SORA + 0.80%. The SORA part changes at each reset; the spread is fixed for a period set in your loan.
• SIBOR and SOR, the rates loans used before, have stopped: SOR after June 2023 and SIBOR at the end of 2024. Loans that used them moved to SORA.

More on this topic

Questions people ask

How we get these numbers

• Every SORA rate on this page is MAS’s, from its Domestic Interest Rates table, downloaded at 9:20 and 11:20 am every day.

Every morning we download MAS’s Domestic Interest Rates table and work out the 1, 3 and 6-month Compounded SORA again ourselves from the SORA Index, using MAS’s own rules: the window starts on the same date 1, 3 or 6 months before publication; if that is not a business day, the business day before’s SORA runs until the next one; interest is counted on actual days over 365. Since MAS began publishing the compounded rates on 6 August 2020, our figure has been within 0.0001 points of MAS’s for 4,734 of 4,734, and identical to four decimals for 4,655. If one ever differs by more, the page keeps MAS’s figure and we look into it.

The reset estimate uses the same sums: the part of the window already published comes from the SORA Index, and the days still to come are filled in at the latest 1-month Compounded SORA, the average of the last month. Nothing is guessed about where MAS policy or the market will go.

• The loan figures are standard monthly repayments for the amount, rate and years you give, at each rate for the whole time. Your bank’s figures can differ by its rounding, lookback and fees.
• This page shows numbers, not advice on which loan to take. See our disclaimer, how we get our numbers and corrections.

Disclosure: the editor, Jeremiah Say, has no SORA-linked loan. Numbers.sg is not paid by MAS, any bank or mortgage broker.

Contains information from Domestic Interest Rates (SORA) accessed on 13 Nov 2026 from the Monetary Authority of Singapore website, which is made available under the terms of the MAS Terms of Use of Datasets. Numbers.sg is independent and is not endorsed by MAS.

Changes to this page

1. 12 Nov 2026

   More on this topic: the other pages on each topic are now cards, each with its latest figure and that figure’s label (the 6-month T-bill, the highest 12-month fixed deposit, COE Cat A), or a line on what the page covers. Pages on the same tracker come first, such as the other banks on a bank’s deposit page. Investing and Referral codes are now in the site menu and on the home page. See an example

2. 8 Nov 2026

   SORA: a new chart turns 3-month SORA into the monthly payment on a S$500,000, 25-year loan at SORA plus 0.80%. Since 2005 it ranged from $1,848 (Apr 2012) to $2,794 (Nov 2023), $946 a month apart; at today’s SORA it is $2,150. SORA

3. 25 Oct 2026

   Charts on phones show every other year label when there are many years, so the labels no longer run into each other. See the SORA chart

4. 24 Oct 2026

   New page: SORA today. MAS’s 1, 3 and 6-month Compounded SORA, checked every business day, where your next 3-month reset is heading (with our track record), a home-loan payment calculator, HDB loan against bank loan, and every rate since 2005 to download. See SORA today