CIMB vs RHB Home Loan Singapore Comparison: Bank Rate Comparison Guide
CIMB offers competitive 2- and 3-year fixed rate home loans for completed properties at around 1.65-1.75% effective rates, while RHB provides 3M SORA floating packages plus 1-3 year fixed options starting from similar levels, making RHB more flexible for rate fluctuations.[2][3]
This CIMB vs RHB home loan guide helps Singapore buyers compare Malaysian bank mortgages, focusing on completed HDB and private properties. As part of Homejourney's pillar on Local vs Foreign Bank Mortgages (Local vs Foreign Bank Mortgage Singapore: DBS OCBC UOB vs HSBC SCB 2026 ), it delivers tactical advice for first-time buyers and refinancers. Homejourney verifies rates daily for trust and safety, prioritizing your confident decisions.
Why Compare CIMB and RHB? Malaysian Banks in Singapore
CIMB and RHB, popular Malaysian bank mortgages in Singapore, attract buyers seeking lower fixed rates amid SORA volatility. Both target completed properties—no BUC loans—ideal for HDB upgraders in areas like Punggol or Tengah.[2]
CIMB focuses on fixed-rate stability, suiting risk-averse buyers. RHB balances fixed and SORA options, better for those repricing every 2-3 years. Compare instantly on Homejourney's bank rates page against DBS, OCBC, UOB, HSBC, and more.
Bank Overviews: CIMB and RHB in Singapore
CIMB Bank Singapore
CIMB, a leading Malaysian bank, offers home loans via its Singapore arm for HDB and private resale. Key USP: Short fixed packages with minimal lock-in penalties, appealing for quick refinances.[2]
- Products: 2- and 3-year fixed rates only (no SORA or floating).
- Min Loan: $200k HDB, $300k private.
- Best For: Buyers locking rates now, e.g., $500k HDB in Bedok.
RHB Bank Singapore
RHB provides versatile packages for completed properties, including SORA-pegged loans. USP: Flexible terms with no BUC restrictions but strong perks like penalty waivers.[2]
- Products: 3M SORA floating, 1-3 year fixed.
- Min Loan: Similar to CIMB.
- Best For: Investors timing SORA dips for ECs in Sengkang.
Disclaimer: Rates per Feb 2026; subject to MAS regulations, TDSR (60% debt cap), and LTV (75% max for banks vs HDB's 80%). Always verify eligibility.[1]
CIMB vs RHB: Current 2026 Home Loan Rates
Rates benchmarked to 3M SORA (~2.9% as of Feb 2026). CIMB's fixed edges out for stability; RHB's SORA suits falling rates.[3][4]
| Package | CIMB | RHB | Market Avg (e.g., DBS/OCBC) |
|---|---|---|---|
| 2-Year Fixed | 1.65% p.a. | 1.68% | 1.65-1.75%[3] |
| 3-Year Fixed | 1.75% | 1.70% | 1.70%[3] |
| 3M SORA Floating | N/A | SORA +0.30% (~3.2%) | SORA +0.30-0.60%[3] |
SORA (Singapore Overnight Rate Average) is the key benchmark post-SIBOR. The chart below shows recent interest rate trends in Singapore:
As seen, SORA has trended down 0.5% in 6 months—favoring RHB floaters. Use Homejourney's mortgage calculator for $400k HDB scenarios: CIMB saves ~$2k interest vs HDB's 2.6% over 2 years.[1]
Pros and Cons: CIMB RHB Comparison
| Aspect | CIMB Pros | CIMB Cons |
|---|---|---|
| Fixed Focus | Lowest 2-yr fixed; simple. | No SORA; limited products. |
| Lock-in | Short 2-3 yrs. | 1.5% penalty if early exit. |
| Aspect | RHB Pros | RHB Cons |
|---|---|---|
| Flexibility | SORA + fixed; penalty waivers. | Slightly higher fixed rates. |
| Refinance | Good for HDB resale >$600k.[3] | No BUC for new launches. |
CIMB wins for fixed-rate HDB buyers; RHB for private property investors. See rates vs locals in Local vs Foreign Bank Mortgage Rates & Fees: DBS OCBC UOB vs HSBC SCB | Homejour... .
Application Process and Eligibility
- Check TDSR/LTV: Income <60% debt; 75% LTV max.[1]
- Documents: NRIC, income slips (3 mths), CPF statements, property option fee.
- Timeline: 7-21 days approval; Singpass speeds via Homejourney.
- Steps on Homejourney: Visit bank-rates, auto-fill with Singpass, submit to CIMB/RHB + others. Brokers match best offers.
Insider tip: Apply mid-month for faster processing; pair with property search for Punggol HDBs under $600k.
User Experience and Homejourney Edge
Both banks offer solid apps, but RHB edges customer service for Malaysians in Singapore. Homejourney simplifies: Real-time rates from 11 banks, multi-submission (one app to all), $2k+ rebates on >$1M loans.[3][4]
Track SORA live, calculate affordability, connect brokers—all verified for safety. Refinance HDB? DBS edges with $2k cashback, but compare CIMB/RHB first.[3]
FAQ: CIMB vs RHB Home Loans Singapore
1. Which is cheaper: CIMB or RHB fixed rates?
CIMB at 1.65% (2-yr) vs RHB 1.68%; both beat HDB 2.6% short-term.[1][3]
2. Can foreigners get CIMB/RHB loans?
Yes, with work pass & higher downpayment; check via Homejourney calculator.
3. Is RHB's 3M SORA better now?
Yes if SORA <3%; chart shows downtrend. Compare on Homejourney.
4. Lock-in penalties?
1-1.5% for early exit; RHB offers waivers on some.
5. How to apply to both?
One Homejourney app sends to CIMB, RHB, DBS etc.—fastest approvals.
Ready for your CIMB vs RHB home loan Singapore comparison? Start at Homejourney bank rates for verified quotes, Singpass apps, and broker help. Link back to our Local vs Foreign Bank Mortgage pillar (Local vs Foreign Bank Mortgage: DBS OCBC UOB vs HSBC SCB | Homejourney ) for full insights. Your safe property journey starts here.
