Updated September 2026. SOR and SIBOR have been discontinued. This is general education, not a loan recommendation.
SORA is now the relevant SGD reference benchmark
The transition timetable ended SOR in 2023 and the remaining one-month and three-month SIBOR settings at the end of 2024. Existing borrowers should check their completed conversion and current facility terms rather than compare discontinued benchmarks as new choices.
How a SORA loan works
A floating package may use compounded SORA over a stated period plus the bank's contractual spread. Compare the compounding period, reset timing, lock-in, repricing rights, fees, clawbacks and penalties. Read the current ABS consumer guides and the lender's facility letter.
Compare household outcomes
- Payment after promotional rates end
- Rate-rise and income-shock scenarios
- Refinancing and legal costs
- CPF and cash requirements
- Fixed-rate alternatives and break costs
There is no universally “best” benchmark or package; suitability depends on the contract and household risk capacity.