CIMB vs RHB Home Loan Singapore: 2026 Rate Comparison Guide | Homejourney
CIMB offers slightly lower floating rates starting from 1M SORA + 0.30% for loans above S$500k, while RHB provides competitive fixed rates from 1.35% p.a. for 2 years with higher cash rebates up to S$2,800. This CIMB vs RHB home loan Singapore comparison guide helps property buyers and refinancers evaluate these Malaysian banks' mortgage options in Singapore. At Homejourney, we prioritize your safety and trust by verifying real-time rates from all major lenders, including DBS, OCBC, UOB, and more.
As part of our pillar content on Singapore Home Loan Comparison 2026: Best Rates from All Banks, this cluster focuses on tactical insights for CIMB and RHB. Use Homejourney's bank rates tool at https://www.homejourney.sg/bank-rates to compare live rates and calculate eligibility instantly.
Bank Overviews: CIMB and RHB in Singapore
CIMB Bank Singapore, a subsidiary of Malaysia's CIMB Group, holds a strong position in cross-border financing with a focus on competitive SORA-based floating rates. It caters to HDB and private property buyers, emphasizing quick approvals for Singaporeans and PRs.
RHB Bank Singapore, from Malaysia's RHB Banking Group, targets mid-tier loans with generous refinancing rebates. Both banks operate under MAS regulations, including TDSR (Total Debt Servicing Ratio) limits of 55% of gross income, ensuring borrower protection.[1][3]
These Malaysian bank mortgages in Singapore appeal to investors seeking alternatives to local giants like DBS or HSBC, often with lower entry spreads due to their funding strategies.
Product and Rate Comparison: CIMB vs RHB
Both banks offer fixed, floating (SORA), and hybrid packages for HDB resale, private properties, and BUC (Build-Then-Collect). Minimum loan amounts start at S$400k-$500k for best rates.[1]
| Feature | CIMB | RHB |
|---|---|---|
| Lowest Fixed Rate (2Y) | 1.40% p.a. (min S$1M) | 1.35% p.a. (min S$500k) |
| Floating (1M SORA +) | 0.30% (eff. ~1.47% as of Jan 2026) | 0.35% (eff. ~1.52%) |
| Lock-in | 2 years | 2 years |
| Refi Rebate (S$1M+) | S$2,300 | S$2,500-S$2,800 |
Rates as of week of 12 Jan 2026; SORA at 3.77% 1M compounded.[1][3] Compare these to market lows: floating from 1M SORA+0.25% at top banks.
The chart below shows recent interest rate trends in Singapore:
SORA has stabilized around 3.75% in late 2025, favoring floating rates for long-term savings if rates fall.[1]
Actionable Tip: For a S$1M HDB resale in Toa Payoh (near Braddell MRT, Exit A, 5-min walk), CIMB saves ~S$500/year initially vs RHB on floating, but RHB's rebate offsets fees (~S$2k lawyer + valuation).[1]
Pros and Cons: Who Wins the CIMB RHB Comparison?
- CIMB Pros: Lower spreads for high LTV HDB loans (up to 75-90% for first-timers); fast Singpass approval; strong for executives with variable income.
- CIMB Cons: Stricter credit checks; fewer fixed options beyond 2Y.
- RHB Pros: Higher rebates covering full remortgage costs; flexible for investors (commercial tie-ins); better for S$500k-S$1M loans.
- RHB Cons: Slightly higher ongoing spreads; longer processing (7-14 days vs CIMB's 5-10).
Best for CIMB: First-time HDB buyers in mature estates like Bishan (Ang Mo Kio MRT proximity). RHB suits refinancers with S$1.5M+ private condos in Orchard (Somerset MRT, 3-min walk).[6]
Compare with UOB vs DBS in our related guide: UOB vs DBS Mortgage Comparison: Which is Better? | Homejourney .
Application Process and Eligibility
Both require Singpass for MyInfo auto-fill on Homejourney, reducing paperwork. Documents: NRIC, income slips (last 3 months), property Option to Purchase.
- Check eligibility on https://www.homejourney.sg/bank-rates#calculator (TDSR compliant).
- Submit via Homejourney: One form reaches CIMB, RHB, DBS, etc. simultaneously.
- Receive offers in 3-5 days; banks compete for you.
- Approval criteria: Min income S$3k/month, age <65 at maturity, positive BCI score.
Processing: CIMB 5-10 days; RHB 7-14. Homejourney's multi-bank system boosts approval by 30% via verified profiles.
Customer Experience and Refinancing
CIMB excels in mobile app for rate tracking; RHB offers dedicated relationship managers for HNW clients. Both score well on MAS complaints registry for transparency.[7]
For refinancing (repricing after 2Y lock-in), RHB's rebates shine. Track SORA live on Homejourney to time moves perfectly.
Insider Tip: Apply mid-month when SORA dips; pair with property search on https://www.homejourney.sg/search for budget-matched HDBs in Yishun (10-min walk from Khatib MRT).
Why Choose Homejourney for CIMB vs RHB Decisions?
Homejourney verifies rates daily from 12 lenders, creating a safe space for confident choices. Submit one application via Singpass—let CIMB, RHB, Maybank compete. Post-purchase, maintain with Aircon Services .
Disclaimer: Rates fluctuate; consult Homejourney Mortgage Brokers for personalized advice. Not financial advice; based on MAS/HDB guidelines.[1][3]
FAQ: CIMB vs RHB Home Loan Singapore
Q: Which has lower rates in 2026?
A: CIMB for floating (SORA+0.30%); RHB for fixed/refi rebates. Check live on https://www.homejourney.sg/bank-rates.
Q: Can Malaysians apply?
A: Yes, PRs/SCs prioritized; foreigners need 60% LTV max per URA.
Q: What's the min loan for best rates?
A: S$500k for both; higher for tiered lows.
Q: How to switch banks?
A: After lock-in, use Homejourney for fee-free comparison. See CIMB vs RHB Home Loan Singapore: 2026 Comparison | Homejourney .
Q: Is Singpass needed?
A: Yes, for fastest approval via Homejourney—auto-fills docs securely.
Ready to compare? Visit https://www.homejourney.sg/bank-rates now for your CIMB vs RHB home loan Singapore comparison and pillar guide link.
