CIMB vs RHB Home Loan Singapore Comparison: Bank Rate Comparison Guide
In 2026, CIMB edges out RHB for competitive floating SORA rates starting at 1M SORA + 0.25% (around 1.36% effective), making it better for risk-tolerant buyers, while RHB suits those preferring fixed-rate stability at 1.35% for 2 years.
Homejourney prioritizes your safety by verifying real-time rates from CIMB, RHB, DBS, OCBC, and more, helping you compare CIMB vs RHB home loan options transparently. This cluster dives into rates, features, and steps to choose, linking back to our pillar guide on Singapore home loans for full coverage.
Why Compare CIMB and RHB? Malaysian Banks in Singapore Mortgages
CIMB and RHB, popular Malaysian bank mortgages in Singapore, offer competitive packages for HDB and private properties due to their strong SGD funding pools.
Both peg loans to SORA (Singapore Overnight Rate Average), the MAS-mandated benchmark replacing SIBOR by 2024, reflecting actual interbank transactions for less volatility.[1][2]
As a Homejourney user, access our bank rates page to see live CIMB RHB comparison against UOB, DBS, and HSBC – all in one safe platform built on user feedback for trust.
Current 2026 Home Loan Rates: CIMB vs RHB
Rates fluctuate with SORA (currently ~1.11% for 1M as of Feb 2026); always check Homejourney for updates.[2]
| Feature | CIMB | RHB |
|---|---|---|
| Lowest Fixed (2Y) | 1.35% (min $500k) | 1.35% (min $400k PTE) |
| Lowest Floating | 1M SORA + 0.25% (~1.36%) | 3M SORA + 0.50% (~1.61%) |
| Lock-in | 2 years (FC12) | 2 years (FC24) |
| Refi Rebate | $1,800 (>500k) | $2,000 (>500k) |
CIMB wins on floating rates for larger loans ($1M+), below market average of 1.5-2%.[2][6] RHB's fixed rates match but with higher min loan for privates. Use Homejourney's mortgage calculator to test affordability under TDSR (60% debt servicing ratio).
The chart below shows recent interest rate trends in Singapore:
SORA has stabilized post-2025 peaks, favoring floating loans now – but fixed suits conservative HDB upgraders in areas like Punggol or Tengah.
Product Types and Features: Side-by-Side
- CIMB: SORA Penta (floating, 1+2Y lock-in), fixed up to 3Y. Legal subsidy $350+ for refi. Best for BUC privates (e.g., The Florence Residences).[2][4]
- RHB: HomePower (SORA + board), 2Y fixed with FC waiver on sale. Valuation subsidy up to $500. Ideal for resale HDB in mature estates like Bedok.[6]
Both comply with MAS LTV limits: 75% for privates, 80% HDB bank loans vs HDB's 2.6% fixed.[1] Homejourney verifies these for your safety – compare with DBS/OCBC via our bank-rates tool.
Pros and Cons: Who Wins for You?
CIMB Pros
- Lower spreads on SORA for investors (e.g., $1.5M condos in Orchard).
- Fast Singpass approval via Homejourney – auto-fill docs in seconds.
- One free conversion post-lock-in.
CIMB Cons
- Stricter credit checks for non-residents.
- Higher penalties if prepaid early.
RHB Pros
- Generous rebates cover lawyer fees for refis (e.g., from UOB).
- Stable for first-timers under MSR (30% income cap).
RHB Cons
- Higher effective rates long-term vs CIMB floating.
- Limited online tools vs local banks.
Choose CIMB if buying private property >$1M; RHB for HDB refi with cashback. See our UOB vs DBS Mortgage 2026: Which is Better? Homejourney Guide ">UOB vs DBS comparison for broader views.
Application Process and Tips
- Get HLE from HDB for BTO/resale (age, income-based).[1]
- Upload NRIC, income slips, property OTP via Homejourney's multi-bank form – one app to CIMB, RHB, Maybank.
- Processing: 1-3 weeks; approval if TDSR <60%.[1]
- Insider tip: Apply pre-OTP expiry (21 days) for leverage; use Singpass for 80% faster approval.
Let banks compete – Homejourney shows best offers. Post-approval, search budgeted properties on Homejourney property search.
Customer Experience and Refinancing
CIMB excels in digital banking for young buyers in tech hubs like One-North; RHB praised for personalized service at branches (e.g., Yishun outlet).[6]
Refi now if SORA dips – both waive fees over $500k via rebates. Track via Homejourney for real-time updates, ensuring transparent decisions in a trusted space.
FAQ: CIMB vs RHB Home Loan Singapore
1. Which has lower rates in 2026: CIMB or RHB?
CIMB's floating at SORA+0.25% beats RHB's +0.50%, but check Homejourney for live CIMB vs RHB home loan rates.[2]
2. Can Malaysians get CIMB/RHB loans for Singapore HDB?
Yes, with work pass/income proof; LTV 60-75%. Use our calculator.
3. What's the lock-in penalty?
CIMB: 1.5% FC12; RHB: 1.75% FC24. Refi penalty-free after.[4]
4. How to apply to both via Homejourney?
Visit https://www.homejourney.sg/bank-rates, Singpass login, submit once – get offers from all.
5. Is bank loan better than HDB's 2.6%?
Yes for strong credit; banks average lower now but variable.[1]
Disclaimer: Rates as of Feb 2026; not financial advice. Consult Homejourney brokers for personalized guidance. Pillar link: Explore our full CIMB vs RHB Home Loan Singapore: Ultimate 2026 Comparison | Homejourney ">CIMB vs RHB Ultimate Guide.
Start your safe CIMB vs RHB Home Loan Singapore Comparison on Homejourney bank rates today – transparency, verified data, best offers.
