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3. 3 Month SORA Rate History Chart
4. 3 Month SORA Historical Rate for Past Year
5. 1 Month SORA Rate History Chart
6. 1 Month SORA Historical Rate for Past Year
7. SORA Interest Rate Forecast 2025
SORA is the acronym for Singapore Overnight Rate Average and is the average interest rate that Singapore banks charge to lend to each other overnight. SORA is based on recorded past transactions and is more predictable and less volatile compared to other reference rates and hence is regularly used as a reference rate where loans are pegged to. SORA is set daily (working days) by the Association of Banks in Singapore and is publicly available on Association of Banks in Singapore website.
The 3 Month SORA rate is currently 2.46% as compared to the 1 Month SORA rate which is 2.39% with rates accurate as of April 2025.
| May 24 | Jun 24 | Jul 24 | Aug 24 | Sep 24 | Oct 24 |
| 3.65% | 3.66% | 3.63% | 3.64% | 3.57% | 3.50% |
| Nov 24 | Dec 24 | Jan 25 | Feb 25 | Mar 25 | Apr 25 |
| 3.37% | 3.21% | 3.02% | 2.89% | 2.72% | 2.55% |
| May 24 | Jun 24 | Jul 24 | Aug 24 | Sep 24 | Oct 24 |
| 3.51% | 3.69% | 3.66% | 3.54% | 3.48% | 3.44% |
| Nov 24 | Dec 24 | Jan 25 | Feb 25 | Mar 25 | Apr 25 |
| 3.15% | 3.00% | 2.88% | 2.79% | 2.45% | 2.36% |
SORA is set to drop over the next 12 months as inflation wanes further and interest rates drop. Both chart and data for 3 month and 1 month SORA indicates that SORA have peaked and is set to drop to lower levels in 2025. However, the drop could be more limited than expected as inflation could make a comeback in a Trump 2.0 era. Borrowers can start looking for floating interest rate loans to take advantage of mortgage rates. With interest rates unlikely to return to their past lows in the past 20 years, it will be most prudent for borrowers to take into account of higher interest rates when taking a loan so as not to overstretch themselves.
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