CIMB vs RHB Home Loan Singapore: Ultimate 2026 Comparison | Homejourney

This definitive guide compares CIMB and RHB home loans in Singapore, highlighting rates, fees, eligibility, and packages for HDB and private properties. Homejourney prioritizes your safety with verified data and tools like our bank rates comparison to help you choose confidently.[1][2]

Executive Summary

CIMB and RHB, as Malaysian banks operating in Singapore, offer competitive CIMB vs RHB home loan packages, often with attractive floating rates pegged to SORA for HDB flats and private properties. In 2026, expect CIMB's rates from 1M SORA + 0.25% (around 1.36%) and RHB similar, with perks like cash rebates for loans over S$500k.[2][6]

Homejourney verifies these details in real-time on our bank rates page, integrating Singpass for instant eligibility checks. This pillar guide draws from MAS regulations, HDB rules, and market data to empower your decision—saving you time and ensuring trust.[1]

Why Compare CIMB vs RHB Home Loans in Singapore?

Malaysian banks like CIMB and RHB provide Malaysian bank mortgage Singapore options that rival local giants (DBS, OCBC, UOB) with lower rates for risk-tolerant buyers. They suit investors or upgraders eyeing HDB resale or condos in areas like Punggol or Tengah.[1][2]

Key reasons: Competitive SORA spreads, flexible tenures up to 30 years, and rebates covering legal fees. However, foreign banks may have stricter credit checks. Homejourney's tools compare them against HSBC, Maybank, and more for transparency.Who Should Choose Local vs Foreign Bank Mortgage in Singapore | Homejourney

In Singapore's market, TDSR limits borrowing to 55% of income, MSR to 30% for HDB—making precise comparisons essential. This guide uses 2026 data for accuracy.[1]

CIMB Home Loans in Singapore: Packages and Features

CIMB offers SORA-pegged floating rates starting at 1M SORA + 0% for select private property loans over S$1M, with fixed options at 1.35% for 2-3 years. Minimum loan: S$500k for most packages.[2][6]

For HDB, CIMB provides competitive refinancing with cashback: S$2,000 for >S$500k, up to S$2,800 for >S$1.5M. Lock-in periods: 2 years, with free conversion after 12 months. Legal/valuation subsidies apply.[4]

Best for: Private BUC condos in Jurong (e.g., near Jurong East MRT, 5-min walk).
Perks: One free rate conversion; suits high-LTV (75%) needs.
Drawback: Stricter for first-time HDB buyers under MSR.

Insider tip: CIMB excels for cross-border workers; pair with Homejourney's mortgage calculator to test scenarios.[2]

RHB Home Loans in Singapore: Packages and Features

RHB matches CIMB with floating rates from 3M SORA + 0.25%-1.00%, fixed at ~1.30% for 2Y. Popular for HDB resale in mature estates like Bedok (near Bedok MRT Exit A, 3-min walk).[6]

Refinance rebates: Similar to CIMB, S$1,800+ for >S$500k. Minimum: S$400k for private. Features free conversion after lock-in; supports CPF usage per HDB rules.[1][4]

Best for: Investors in ECs or resale HDB; generous for S$1M+ loans.
Perks: Flexible processing; lower fees for larger loans.
Drawback: Rates volatile post-lock-in without repricing.

CIMB vs RHB: Side-by-Side Comparison Table

Use this table for quick CIMB RHB comparison. Rates as of Feb 2026; verify on Homejourney.[2][6]

Feature	CIMB	RHB
Floating Rate (Private >S$1M)	1M SORA + 0%-0.25% (~1.09%-1.36%)	3M SORA + 0.25% (~1.36%)
Fixed Rate (2Y)	1.35%	1.30%
Lock-in	2 years	2 years
Cash Rebate (>S$500k)	S$2,000	S$1,800-S$2,500
Min Loan	S$500k	S$400k
LTV Max	75%	75%

CIMB edges on rebates; RHB on min loan size. Both beat HDB's 2.6% fixed for eligible buyers.[1]

Eligibility Criteria and Application Process

Both require age 21+, Singaporean/PR/foreigner eligibility, income >S$30k/year, and TDSR compliance (debt <55% income). HDB needs HLE letter; private uses bank valuation.[1]

Get HLE from HDB (for BTO/resale).
Calculate affordability on Homejourney's calculator.
Submit via Singpass on bank-rates—auto-fills CPF/income.
Receive offers from CIMB, RHB, DBS, etc., in days.

Foreign banks like CIMB/RHB approve faster for high-credit profiles. Disclaimer: Rates subject to approval; consult Homejourney brokers.Local vs Foreign Bank Mortgage: Application Process & Timeline

Understanding SORA Rates for CIMB and RHB Loans

SORA (Singapore Overnight Rate Average) replaced SIBOR in 2024—less volatile, transaction-based.[1][5] CIMB/RHB peg to 1M/3M SORA + spread.

The chart below shows recent interest rate trends in Singapore:

As seen, 3M SORA hovered ~1.1% in late 2025, favoring floating loans now. Track live on Homejourney.[2]

HDB vs Private Property: CIMB RHB Comparison

Aspect	HDB (CIMB/RHB)	Private (CIMB/RHB)
LTV	75% (MSR 30%)	75% (TDSR 55%)
Downpayment	25% (5% cash min)	25% (5% cash)
Best Package	Refi resale Punggol 4-room (~S$600k)	BUC condo Tengah (~S$1.2M)

Example: S$600k HDB loan at 1.36% over 25 years = ~S$3,100/month. Use Homejourney calculator for yours.[1]

Refinancing Guide: Switching to CIMB or RHB

Refinance if current rate >1.5%; both offer rebates covering costs (0.2% legal fees). Process: 21-day notice, multi-bank via Homejourney.[2]

Check eligibility on Homejourney.
Compare vs DBS/OCBC UOB vs DBS Mortgage 2026: Which is Better? Homejourney Guide .
Apply multi-bank—one form, multiple offers.

Tip: Time for low SORA; ideal for Toa Payoh HDB upgraders.

Pros, Cons & Who Should Choose CIMB vs RHB

CIMB Pros: Better rebates, free conversion. Choose if loan >S$1M private.[6]

RHB Pros: Lower min loan, stable fixed. Ideal for HDB first-timers.

Neither for risk-averse—stick to HDB 2.6%. Homejourney personalizes via brokers.[1]Who Should Choose Local vs Foreign Bank Mortgage in Singapore | Homejourney

How Homejourney Makes Your Journey Safe

Homejourney verifies rates from CIMB, RHB, UOB, HSBC—compare on bank-rates. Use Singpass for instant apps, find properties via search.Projects Directory

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