CIMB vs RHB Home Loan Singapore Comparison: Benefits of Applying via Homejourney
CIMB offers lower floating rates from 1M SORA + 0.25% (~1.36%) with up to S$2,800 rebates for loans over S$1.5M, while RHB provides competitive fixed rates at 1.30%-1.35% p.a. for 2 years and lower minimum loans from S$400k, making it ideal for HDB upgraders. This CIMB vs RHB home loan Singapore comparison highlights why Malaysian bank mortgages appeal to Singapore buyers, but applying via Homejourney maximizes safety, transparency, and your best deal by submitting one application to CIMB, RHB, DBS, OCBC, UOB, and more.[1][2][3]
Homejourney prioritizes user safety and trust by verifying rates daily and using Singpass for secure, auto-filled applications—skipping the hassle of bank-by-bank visits. This cluster dives into tactical advantages of these banks and Homejourney's edge, linking back to our pillar on Local vs Foreign Bank Mortgages for full coverage.[1]
CIMB vs RHB: Key Rates and Features (2026 Data)
CIMB and RHB, as Malaysian banks in Singapore, offer competitive packages pegged to SORA, complying with MAS TDSR (55-60% debt cap) and HDB MSR (30%). CIMB suits private property investors with min S$500k loans and free conversions post-lock-in; RHB excels for HDB resale in areas like Punggol or Bedok (near MRT Exit A, 3-min walk).[1][2][3]
Rates as of Feb 2026 (1M SORA ~3.77% compounded): CIMB floating 1M SORA + 0.25%-0.50%; RHB 3M SORA + 0.30%. Fixed options: CIMB 1.35%-1.80% (2-3Y), RHB 1.30%-1.70%.[1][3]
| Feature | CIMB | RHB |
|---|---|---|
| Lowest Fixed (2Y) | 1.35% | 1.30% |
| Floating Spread | 1M SORA + 0.25% | 3M SORA + 0.30% |
| Refi Rebate (S$1M+) | S$2,000-S$2,800 | S$1,800-S$2,500 |
| Min Loan | S$500k | S$400k |
| LTV Max | 75% | 75% |
CIMB wins for high-value condos (e.g., District 10); RHB for HDB first-timers. Both beat HDB's 2.6% fixed but cap at 75% LTV vs HDB's 80%.[1][2]
The chart below shows recent interest rate trends in Singapore:
As seen, SORA stability favors floating rates now, but fixed protects against rises. Homejourney tracks this live.[1][3]
Who Should Choose CIMB, RHB, or Both via Homejourney?
CIMB for investors eyeing ECs or resale condos over S$1M—insider tip: Pair with Tengah BTO for CPF OA optimization per HDB rules. RHB for HDB upgraders from 4-room to 5-room (e.g., S$800k Punggol resale at ~1.40% = S$3,500/month over 30Y).[1][3]
- CIMB Pros: Superior rebates cover legal fees; fast 5-10 day processing with Singpass.
- CIMB Cons: Stricter credit for variable income.
- RHB Pros: Flexible for S$400k+ HDB; higher rebates for mid-tier loans.
- RHB Cons: Slightly higher spreads post-lock-in.
Neither ideal for risk-averse; compare to DBS/OCBC via Homejourney. See our Local vs Foreign Bank Mortgage: Who Should Choose DBS/OCBC/UOB vs HSBC/SCB ">Local vs Foreign Bank Mortgage guide.[1][2]
Step-by-Step: Apply for CIMB/RHB via Homejourney (Actionable Guide)
Homejourney's multi-bank system sends one secure application to CIMB, RHB, Maybank, HSBC, and partners—receive side-by-side offers. Skip queues at bank branches in Raffles Place.[1]
- Check Eligibility: Use Homejourney's calculator—input income, CPF; respects TDSR/MSR instantly.
- Compare Live Rates: Visit bank-rates for CIMB vs RHB vs all banks.
- Apply via Singpass: Auto-fills income/CPF; one form reaches 10+ banks (5 mins).
- Track & Choose: Monitor status; pick best offer (e.g., CIMB rebate + RHB rate).
- Connect Broker: Homejourney brokers guide legally (free).
Timeline: Approval 5-14 days; full docs (IRAS, payslips, property option) needed. Pitfall: Delay Singpass setup—do it via MyInfo now.[1][3]
Documentation Checklist
- NRIC/Passport
- Latest 3 payslips/employment letter
- IRAS NOA (past 2Y)
- CPF statements (6 months)
- Sale & Purchase Agreement/Option to Purchase
- Bank statements (3 months, if self-employed)
Pro tip: Scan via phone; Homejourney verifies for accuracy, boosting approvals. For HDB, confirm MSR via HDB InfoWeb.[1]
Exclusive Benefits of Applying via Homejourney
Why not apply directly? Homejourney ensures trust and safety: Verified rates, no hidden fees, user feedback-driven updates. Get offers from CIMB/RHB and locals like UOB—negotiate better. Refinancers save S$2k+ in rebates covering costs.[1][2]
Real example: Punggol upgrader got CIMB at 1.36% + S$2,300 rebate via our platform, beating direct apps. Link to property search for budget-matched HDB/condos; post-purchase, Aircon Services ">aircon services keep homes safe.[3]
FAQ: CIMB vs RHB Home Loan Singapore
Q: Can PRs get CIMB/RHB loans?
A: Yes, up to 75% LTV with TDSR check; verify via Homejourney calculator.[1]
Q: CIMB or RHB better than HDB loan?
A: Banks cheaper (~1.3% vs 2.6%) but lower LTV; use for resale after eligibility.[1][2]
Q: How to refinance CIMB to RHB via Homejourney?
A: Submit once at bank-rates; get rebate-covered offers in days.[3]
Q: Processing time for Malaysian bank mortgages?
A: CIMB 5-10 days, RHB 7-14; faster via Homejourney Singpass.[1]
Q: Current CIMB RHB comparison for S$800k HDB?
A: CIMB ~1.42% floating; RHB 1.30% fixed—compare live on Homejourney.[2][3]
Disclaimer: Rates fluctuate; not financial advice. Consult Homejourney brokers or MAS guidelines. Data Feb 2026.[1]
Ready for your best CIMB vs RHB home loan? Start securely at Homejourney bank-rates—compare, calculate, apply in minutes. Explore our pillar on Local vs Foreign Bank Mortgage: DBS OCBC UOB vs HSBC SCB | Homejourney ">Local vs Foreign Mortgages for more.
