CIMB vs RHB Home Loan Singapore: 2026 Comparison | Homejourney
CIMB and RHB home loans offer competitive options for Singapore property buyers, but key differences in rates, fees, and features determine the best fit. This definitive Homejourney guide compares CIMB vs RHB home loan packages, grounded in current 2026 data, to help you make trusted, informed decisions in a safe environment.
As rates start from 1.30% fixed and 1M SORA+0.25% floating for larger loans, understanding Malaysian bank mortgages in Singapore like CIMB and RHB is crucial for HDB or private property financing.[1] Homejourney prioritizes your safety with verified comparisons, Singpass-enabled applications, and multi-bank offers.
Table of Contents
- Executive Summary
- Why Compare CIMB vs RHB?
- Understanding Singapore Home Loans
- CIMB Home Loan Packages
- RHB Home Loan Packages
- Direct CIMB vs RHB Comparison
- Eligibility and Application
- Refinancing with CIMB or RHB
- Homejourney's Safe Loan Tools
- FAQ
- Next Steps with Homejourney
Executive Summary: Key Takeaways from CIMB RHB Comparison
In January 2026, CIMB and RHB stand out among Malaysian banks for Singapore mortgages with attractive floating rates from 1M SORA + 0.25% (effective ~1.42%) for loans over S$500k.[1] CIMB edges in cash rebates up to S$2,800 for refinances over S$1.5M, while RHB offers flexibility for HDB buyers with lower minimum loans.
Homejourney's analysis shows CIMB suits high-value private property investors, RHB fits HDB upgraders. Both comply with MAS TDSR (60% debt cap) and MSR (30% for HDB). Use our bank rates page for live comparisons including DBS, OCBC, UOB.
| Feature | CIMB Winner | RHB Winner | Tie |
|---|---|---|---|
| Lowest Rate (2026) | Floating: 1M SORA+0.25% | Fixed: 1.35% (min S$500k) | |
| Refinance Rebate | Up to S$2,800 | S$2,000-S$2,500 | |
| HDB Suitability | Min S$400k |
This pillar covers everything from SORA basics to real calculations, positioning Homejourney as your trusted partner for CIMB vs RHB home loan decisions.
Why Malaysian Banks Like CIMB and RHB Matter in Singapore
Malaysian banks such as CIMB and RHB compete aggressively in Singapore's mortgage market, often undercutting local giants like DBS or OCBC on rates for larger loans.[1] They leverage cross-border funding for competitive Malaysian bank mortgage Singapore options, ideal for resale HDB in areas like Punggol or private condos in Orchard.
In 2026, with SORA at ~3.77% (3M compounded), floating packages from these banks yield effective rates under 2%.[3] Homejourney verifies these rates daily, ensuring transparency and safety.
Insider tip: For Tengah BTO buyers, RHB's HDB focus aligns with CPF usage rules, while CIMB shines for ECs nearing privatization.
Singapore Home Loan Fundamentals
Fixed vs Floating Rates Explained
Fixed rates lock in for 2-3 years (e.g., 1.35% min S$500k), then revert to SORA or PIBS.[1] Floating ties to SORA, the MAS-approved benchmark replacing SIBOR since 2022.[4]
SORA (Singapore Overnight Rate Average) reflects actual interbank transactions, making it more stable than past benchmarks.[4] Most CIMB/RHB packages are 2-year lock-in with free conversion (FC24).
The chart below shows recent interest rate trends in Singapore:
As seen, 3M SORA hovered at 3.75% in late 2025, impacting floating rates.[3] Track live on Homejourney bank rates.
Key Regulations: TDSR, MSR, and CPF Rules
MAS Total Debt Servicing Ratio (TDSR) caps total debt at 60% of income; HDB Mortgage Servicing Ratio (MSR) at 30%.[1] Example: S$10k monthly income limits HDB loan payments to S$3k.
CPF Ordinary Account funds cover up to 80% LTV for HDB (first-timer resale), with accrued interest. ABSD applies: 17% for PR buying second property.
HDB vs Bank Loans
HDB loans at 2.6% fixed (0.1% above CPF OA) suit stability but cap at 75% LTV. Bank loans like CIMB/RHB offer lower rates for creditworthy borrowers but higher risk if rates rise.
CIMB Home Loan Packages: 2026 Details
CIMB, a top Malaysian lender, offers competitive packages for private properties and HDB resale. Lowest: 1.35% fixed (2Y), floating 1M SORA+0.25% for S$500k+.[1][6]
- Fixed Package: 1.35-1.80% p.a. (2-3Y lock-in), FC24/36.
- Floating: 1M SORA + 0.25-0.50%, min S$500k.
- Refinance Rebate: S$2,000 (S$500k+), up to S$2,800 (S$1.5M+).
- Features: Waiver on sale, suitable for condos in District 10.
Real example: S$1M loan on Yishun resale HDB at 1.42% effective yields ~S$4,200/month (25Y tenure, TDSR compliant for S$12k income).
CIMB processes via Singpass on Homejourney, with brokers for personalized advice. See related: Hong Leong Finance vs Bank Mortgage: Rates & Fees 2025 | Homejourney for similar Malaysian bank insights.
RHB Home Loan Packages: 2026 Details
RHB excels in HDB financing with rates from 1.30% fixed (min S$500k) and floating SORA+0.30%.[1][6] Strong for upgraders from 4-room to 5-room flats.
- Fixed: 1.30-1.70% (2Y), FC12 for some.
- Floating: 3M SORA + 0.30%, min S$400k HDB.
- Rebate: S$2,000-S$2,500 for refinances.
- HDB Focus: Faster approvals for BTO resale.
Example: S$800k Punggol BTO resale at 1.40% = S$3,500/month (30Y), using CPF OA fully.
CIMB vs RHB: Side-by-Side Comparison Tables
Rates Comparison (Jan 2026, S$1M Loan)
| Package | CIMB | RHB |
|---|---|---|
| 2Y Fixed | 1.35% | 1.30% |
| Floating (1M SORA+) | 0.25% (~1.42%) | 0.30% (~1.47%) |
| Lock-in | 2Y | 2Y |
Fees and Rebates
| Aspect | CIMB | RHB |
|---|---|---|
| Processing Fee | S$0-S$200 | S$0 |
| Refi Rebate (S$1M) | S$2,500 | S$2,300 |
| Legal Fees | Bank bears | Bank bears |
CIMB wins for high-net-worth; RHB for HDB accessibility.[1] Compare live vs DBS/OCBC on Homejourney calculator.
Eligibility, TDSR Calculations, and Application
Both require age 21+, Singaporean/PR, income S$3k+. TDSR example: S$8k income, S$2k existing debt = max S$2.8k loan payment.
- Check MSR/TDSR on Homejourney calculator.
- Prepare docs: Income proof, CPF statement.
- Apply via Singpass on Homejourney for multi-bank quotes.
Approval in 3-7 days; insider tip: Apply post-CPF top-up for better LTV.
Refinancing: When to Switch to CIMB or RHB
Refinance if current rate >1.5% above market. Costs: 1.5% penalty if pre-lock-in end. Rebates cover for S$500k+.[1]
Example: S$1.2M loan from 2.0% to CIMB 1.4% saves S$7k/year. Link to UOB vs DBS Mortgage Comparison: Which is Better? | Homejourney for broader comparisons.
Homejourney: Your Safe Path to CIMB/RHB Loans
Homejourney verifies rates from DBS, UOB, HSBC, Maybank, CIMB, RHB. Calculate eligibility instantly, apply to multiple banks with one click via Singpass.
- Live SORA tracking.
- Mortgage brokers for free guidance.
- Search budget-matched properties: property search.
Post-purchase, maintain with Aircon Services . Trust Homejourney's feedback-driven platform.
FAQ: CIMB vs RHB Home Loan Singapore
Which is better: CIMB or RHB home loan in 2026?
CIMB for rebates on large loans; RHB for HDB flexibility. Compare on Homejourney.
What are current CIMB RHB rates?
Fixed ~1.35%, floating SORA+0.25-0.30% (S$500k+).[1]
Can PRs get CIMB/RHB loans?
Yes, with 60% TDSR compliance.
How to apply?
Via Homejourney bank-rates with Singpass.
Is refinancing worth it?
Yes if savings >S$5k/year post-rebates.
HDB vs CIMB/RHB?
Bank for rates <2.6%; HDB for security.
What if rates rise?
Lock fixed now; monitor SORA on Homejourney.
Next Steps: Secure Your Loan with Homejourney
Visit https://www.homejourney.sg/bank-rates to compare CIMB vs RHB home loan, calculate affordability, and apply safely. Our brokers ensure transparent, verified journeys. Homejourney: Safety, trust, your property success.
Disclaimer: Rates as of Jan 2026; consult professionals. Not financial advice.
