CIMB vs RHB Home Loan Singapore Comparison: Benefits of Applying via Homejourney
CIMB and RHB, Malaysian banks operating in Singapore, offer competitive SORA-pegged home loans for HDB and private properties, often with attractive floating rates starting from 1M SORA + 0.25% for larger loans. Homejourney simplifies your CIMB vs RHB home loan decision by letting you compare and apply to both plus DBS, OCBC, UOB and more in one secure platform, prioritizing user safety with Singpass integration.
This cluster article dives into the key differences between CIMB and RHB mortgages, why Malaysian bank mortgages appeal to Singapore buyers, and how Homejourney's trusted process boosts your approval odds. For a full overview, see our pillar guide on CIMB vs RHB Home Loan Singapore: Ultimate 2026 Comparison | Homejourney .
Why Compare CIMB vs RHB Home Loans in Singapore?
CIMB and RHB stand out as Malaysian bank mortgage Singapore options due to their aggressive floating rates tied to SORA, Singapore's benchmark since SIBOR phased out in 2024. Both banks target HDB resale flats and private condos, offering packages for first-time buyers and refinancers under MAS TDSR rules (60% debt servicing ratio max).
CIMB excels in quick approvals for loans above S$500k, while RHB provides flexible tenures up to 30 years for HDB upgraders. Rates fluctuate with 1M or 3M Compounded SORA, currently around 3.0-3.5% p.a. effective for mid-tier loans. Homejourney verifies these rates daily from official MAS data, ensuring transparency in a safe environment.
Key Features Side-by-Side
| Feature | CIMB | RHB |
|---|---|---|
| Lowest Floating Rate (S$1M+) | 1M SORA + 0.25% (~1.36%) | 1M SORA + 0.30% (~1.40%) |
| Lock-in Period | 2 years | 1+2 years |
| Min Loan Amount | S$100k (HDB), S$500k (Private) | S$200k |
| Processing Fee | 0.5-1% | Waived for >S$1M |
Note: Rates as of Feb 2026; subject to MAS regulations and borrower profile. Always calculate via Homejourney's eligibility calculator.
Current SORA Trends Impacting CIMB and RHB Rates
SORA (Singapore Overnight Rate Average) is the volume-weighted benchmark for most floating home loans, published daily by MAS. CIMB and RHB peg rates to 1M or 3M Compounded SORA, making them sensitive to market shifts.
The chart below shows recent interest rate trends in Singapore:
As seen, 6M SORA has stabilized around 3.2% post-2025 hikes, favoring floating rates from CIMB/RHB over fixed options from local banks. Track live rates on Homejourney bank rates.
CIMB vs RHB: Who Wins for Your Profile?
For HDB buyers in mature estates like Toa Payoh or Bedok: Choose CIMB for lower entry barriers on resale flats (LTV up to 75%). Example: S$500k loan at 3.2% saves ~S$1,200/year vs HDB's 2.6% fixed, but with repricing flexibility.
For private property investors eyeing new launches in Tengah or Punggol: RHB's waiver on fees for S$1M+ loans edges out, especially with Homejourney's multi-bank submission sending your app to both simultaneously.
Insider tip: Malaysian banks like CIMB/RHB approve faster for self-employed with strong CPF history, per HDB eligibility rules. Avoid pitfalls like ignoring TDSR – use Homejourney's calculator to pre-check.
Step-by-Step: Apply for CIMB or RHB via Homejourney
Homejourney's platform creates a safe, trusted space by verifying bank partners and auto-filling via Singpass. Skip bank queues – one app reaches CIMB, RHB, DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank and more.
- Check Eligibility: Visit Homejourney mortgage calculator. Input income (e.g., S$8k/month), age (35), CPF (S$100k) for instant borrowing power estimate under TDSR.
- Compare Rates: See CIMB RHB comparison side-by-side with real-time SORA. Filter for HDB/private.
- Apply via Singpass: One-click login auto-fills income, employment, CPF. No paperwork hassle.
- Receive Offers: Track status in-app; pick best from CIMB/RHB or others.
- Close Securely: Homejourney brokers guide valuation, legal fees.
Timeline: Pre-approval in 1-3 days; full approval 2-4 weeks. Pro tip: Apply 1 month pre-OTP for BTO in Yishun – boosts chances 20% per user feedback.
Documentation Checklist
- NRIC (Singpass provides)
- Latest payslips (3 months)
- CPF statements (6 months, auto via Singpass)
- ITR/assessment (self-employed)
- Sale/purchase agreement
- HDB HLE letter for resale
Prepare digitally on Homejourney for 50% faster processing. Disclaimer: Rates/fees vary; consult Homejourney Mortgage Brokers for personalized advice. Not financial advice.
Exclusive Benefits of Applying via Homejourney
Homejourney prioritizes your safety with end-to-end encryption, verified bank partnerships, and feedback-driven improvements. Benefits include:
- Multi-Bank Power: One app vs. separate CIMB/RHB visits.
- Rate Matching: Brokers negotiate better than direct apps.
- Refi Ease: Cash rebates up to S$2,800 covered.
- Post-Loan Support: Link to property search or aircon services for new home setup.
Users report 30% higher approval rates via our platform, per internal data. Connect projects via Projects Directory .
FAQ: CIMB vs RHB Home Loan Singapore Comparison
Q: Which is better, CIMB or RHB for first-time HDB buyers?
A: CIMB for lower min loans; compare both on Homejourney. See CIMB vs RHB Home Loan Singapore FAQs | Homejourney .
Q: Are Malaysian banks safe for Singapore mortgages?
A: Yes, regulated by MAS like locals. Homejourney verifies all partners.
Q: How to improve approval for CIMB/RHB loans?
A: Boost CPF, lower debts. Tips in CIMB vs RHB Home Loan Singapore: Boost Approval Odds | Homejourney .
Q: Fixed or floating from CIMB/RHB in 2026?
A: Floating wins with stable SORA; check trends above.
Q: Refinancing timeline via Homejourney?
A: 21 days avg; start at bank-rates page.
Ready for the best CIMB vs RHB Home Loan Singapore Comparison: Benefits of Applying via Homejourney? Apply now securely and find your dream property on Homejourney search. For more, read our ultimate comparison pillar.
