CIMB Home Loan

Property Type

Building Status

Loan Amount

Loan Tenure

Yrs

Property Type

Building Status

Loan Amount

Loan Tenure

Yrs

Property Type

Building Status

Loan Amount

Loan Tenure

Yrs

Our recommendations

Loans with the lowest interest rate based on your search

Lowest interest

Floating

3M SORA + 0.90%

2 years

Lock-in Period

S$13,910

Instalment Year 1

3.76%

Interest Rate Year 1

Rates and Instalments

Year 1	3.76%	3M SORA + 0.90%	S$ 13,910 /mo
Year 2	3.76%	3M SORA + 0.90%	S$ 13,910 /mo
Year 3	4.16%	3M SORA + 1.30%	S$ 14,564 /mo
Thereafter	4.16%	3M SORA + 1.30%	S$ 14,564 /mo

Package Benefits

Partial Pre-payment
Waiver Due to Sales
Free package conversion

Best rates guaranteed!

Should you find a more competitive price offered by another provider, our Lead Pricing Officer is happy to discuss a price match.

We partner with all major banks in Singapore to bring you the best mortgage deals

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CIMB Home Loan

CIMB offers home loans for both under construction and resale HDB and private property purchases. Their mortgages include fixed rate and floating rate packages. They also offer loans for overseas property located in London and Australia.

CIMB Home Loan

The bank offers home loans for all types of HDB purchases, including Build-to-Order (BTO) or new flats and resale flats. They also offer home loans for a full range of under-construction (BUC) and resale private property, including landed houses, strata landed houses and condos.

Bank name	CIMB
Loan types	Fixed, Floating, SIBOR
Lock-in	0, 2, 3 years

SIBOR Home Loan

The bank offers floating rate home loan packages pegged to the Singapore Interbank Offered Rate (SIBOR), which is currently the most common benchmark for home loans in Singapore.

FHR Home Loan

The Fixed Deposit Home Rate, or FHR, is used when the bank wishes to peg the interest rate of a loan to the fixed deposit rate being offered by the same bank. The FHR is a board rate, which means it can be changed at the bank's discretion at any time, although in practice banks do not change their FHR often.

Board Rate Home Loan

A board rate is an interest rate that the bank sets internally. They are free to change the board rate at their discretion. CIMB pegs floating interest rates to SIBOR rather than a board rate.

Bridging loan

If you are buying a new property and selling an existing one at the same time, you may need a bridging loan. Perhaps you wish to purchase a new home before you sell your existing property, or for whatever other reason, need to put down money for the new property before you have received the sales proceeds from the old one. In such situations, you would need a to finance the purchase of the new property. A bridging loan typically has a term of a few months.

Building Under Construction (BUC) Home Loan

The bank offers home loans for two types of buildings under construction—HDB and private. Under construction HDB flats include BTO flats and Executive Condominiums. Private buildings under construction, including new launch condo developments, are eligible for the bank's private property loans. Your loan installments only begin once the bank has made its first disbursement in accordance with the progressive payment scheme.

Home Loan Promotions

From time to time, CIMB offers promotions on its home loans in order to attract customers. Such promotions might include lower interest rates or legal subsidies, which are meant to lower the cost of your legal fees. For the latest CIMB promotions, reach out to our Mortgage Experts.

CIMB Home Loan Refinance

Refinancing to a home loan with a more attractive interest rate can save you money over the term of the loan. At some point, CIMB's interest rates might become more attractive than the interest rates of your existing home loan. In that case, you might want to refinance in order to take advantage of the more competitive interest rates.

Home Loan Promotions

CIMB Home Loan Refinance

Apply for CIMB Home Loan Through Us

Compare CIMB mortgage interest rates and send in your loan application right here on PropertyGuru. Our Mortgage Experts will guide you through the process every step of the way.

Documents Required

Prepare the following documents when applying for your home loan:

Photocopy of NRIC/passport
Option to Purchase (OTP) or Sale and Purchase Agreement
Evidence of sale of existing property (if applicable)
Tenancy Agreement (if applicable)
Last 12 months of loan statement from existing bank (refinancing only)
Latest CPF withdrawal statement for existing property (refinancing only)

Process and Fees

Upon approval of your home loan, you will receive a Letter of Offer from the bank, which you should forward to your lawyer. The bank will not charge you any fees until you have accepted the Letter of Offer. Once you have accepted, you can be charged various fees, including charges for changing any details of your loan such as intended date of full redemption. You will also be charged late payment fees if you do not pay your monthly installments on time.

CIMB Home Loan Eligibility

The CIMB home loan eligibility criteria are as follows:

CIMB Home Loan Eligibility
Age	21 and above
Minimum income	36,000 SGD per annum
Minimum loan amount	$100,000

Expert's opinion

Interest rate is a major factor when it comes to choosing a home loan, but it is not the only factor to consider. Pay attention to the terms and conditions as well. For instance, if you think you might want to repay a portion of your loan in advance, select a loan that does not charge a prepayment penalty for partial redemption.

You can speak to one of PropertyGuru's Mortgage Experts for advice on what to look out for when choosing a home loan.

Frequently Asked Questions

You can pay your monthly home loan repayments in cash or by using your CPF savings.
You are free to repay your home loan early if you wish, however, depending on the terms of your contract, you might have to pay a prepayment penalty.
To be eligible for a home loan, you must be at least 21 years old and have an annual income of at least $36,000. To check if a CIMB home loan is suitable for your financial situation, contact PropertyGuru Finance.
Fixed interest rates are determined by the bank, based on the board rate, while floating interest rates are pegged to the one-month SIBOR.
Yes, you can refinance to a loan with a different bank, but you might have to pay a prepayment penalty depending on the terms of your home loan with CIMB. To check it's the right time to refinance, reach out to PropertyGuru Finance.

Learn more about home financing

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Can I Use CPF to Buy Condo or HDB Flat in Singapore? 4 Reasons Not to

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Article03 Dec 2024

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Why CIMB Home Loan?

CIMB offers home loans for private properties and HDB flats in Singapore, and overseas properties in London, Australia, and Japan. Catering to buyers looking to secure BTO flats, resale HDBs, landed homes, strata landed houses, and condominiums, CIMB offers various mortgage packages for varied financial needs.
Whether you're a new homebuyer looking to take up a new loan or an existing homeowner thinking of refinancing your current home loan, there will be a CIMB housing loan package that best suits your needs.
First-home buyers who need help understanding the types of home loans available can find out whether a fixed-rate or floating-rate home loan best suits their financial goals.
CIMB is an ASEAN-focused investment bank operating in high-growth ASEAN economies. Holding RM 733.6 billion ($226.7 billion) in total assets, CIMB has established its presence in eight ASEAN markets, including Malaysia, Singapore, Thailand, Indonesia, The Philippines, Vietnam, Cambodia, and Myanmar.

Strong Reputation And Support

Securing "AA+" and "Aa1 '' credit ratings, CIMB is one of the leading banking groups in the ASEAN region and the second largest financial service provider in Malaysia.
CIMB emerged as the top consumer bank for customer service in The Straits Times' “Singapore's Best Customer Service Survey 2024/25.” This is CIMB's second consecutive year receiving this recognition, a testament to its outstanding customer service and support.
The dedicated team at CIMB will ensure a smooth CIMB mortgage loan application process by readily answering queries and addressing concerns throughout the entire process.

Tailored Mortgage Solutions

CIMB offers a variety of mortgage products to meet the financial needs of differing buyer profiles. From first-time homebuyers to homeowners looking to refinance their loans, CIMB’s flexible loan structure allows borrowers to pick a CIMB home loan that aligns best with their specific financial requirements.

Competitive Interest Rates

CIMB home loan packages are flexible and come with an attractive CIMB rate. This translates to substantial savings in monthly repayments and even significant savings over the loan term.
CIMB's straightforward and transparent loan terms also help borrowers clearly understand the obligations that come with their loan packages and avoid potential hidden fees.

Low Or No Processing Fees

CIMB often extends promotional offers that include low or waived processing fees. With upfront costs associated with taking out a loan reduced, securing a CIMB mortgage loan becomes more affordable.

Flexible Repayment Options

CIMB offers various mortgage repayment options, including monthly, bi-monthly, or quarterly payments, so borrowers can finance a home loan according to their income schedules.

Online Management Tools

Borrowers can utilise CIMB’s digital tools to conveniently track payment schedules and outstanding balances online and even make early repayments with no penalties.
However, if you would still like to check out mortgage rates offered by other banks to ensure that you secure the best mortgage deals, use the PropertyGuru Finance mortgage calculator to calculate your mortgage savings.

CIMB Private Property/ Executive Condominium Home Loans

Those looking to purchase an Executive Condominium or private property can consider either a fixed-rate or a floating-rate CIMB home loan.
Both the fixed and floating CIMB housing loan rates have pros and cons. Borrowers should carefully assess their risk appetites and financial requirements before deciding on a loan package that best suits their financial goals.

CIMB Fixed Rate Packages

A CIMB fixed-rate home loan has a CIMB rate that remains unchanged throughout the fixed-rate period. This works best for borrowers who prefer taking on a loan with stable interest rates.
CIMB offers fixed-rate packages with a two-year lock-in period. Borrowers who take out a fixed-rate housing loan will thus have the same monthly mortgage repayments throughout the entire two-year lock-in period, so housing expenses will remain predictable.

CIMB Floating Rate SORA Pegged Packages

On the other hand, a floating-rate housing loan has interest rates that change in tandem with market conditions. The loan's interest rate is often tied to a reference rate, which results in fluctuations in the monthly mortgage repayments to reflect the reference rate changes.
While floating-rate loans can be subject to unpredictable changes, they also offer borrowers flexibility and potential mortgage savings when interest rates drop.
CIMB offers a three-month Singapore Overnight Rate Average (SORA) floating rate loan package.
SORA-pegged home loan rates are based on SORA, the volume-weighted average rate of borrowing transactions in the unsecured overnight interbank SGD cash market in Singapore between 8 a.m. and 6.15 p.m.
The SORA rate is validated and calculated by the MAS so a SORA-pegged CIMB SORA home loan package will also get an interest rate revision every three months.
Borrowers should note that CIMB will also charge a spread on top of the three-month SORA rate. A spread is a fixed interest percentage charged by the bank for lending out their money, i.e. the profit the bank makes from lending borrowers capital to buy their homes.
In short, the three-month SORA rate and the spread combined will form the total interest rate of the home loan and determine how much a borrower has to pay monthly to finance their loan.

CIMB HDB Home Loans

Those buying an HDB flat can opt for an HDB loan or a bank loan like the CIMB HDB loan. Here are some key differences homebuyers should know between taking on an HDB loan and a bank loan:
Those who go with an HDB loan will enjoy HDB's concessionary interest rate, which is pegged at 0.10% above the prevailing CPF Ordinary Account (OA) interest rate. This concessionary interest rate may be adjusted according to CPF interest rate revisions in January, April, July, and October every year.
As of 30 September 2024, HDB's concessionary interest rate is set at 2.60% p.a. In contrast, bank loan interest rates are currently higher than 2.60% p.a as of 20 August 2024, taking into account fluctuations in market conditions.
Both an HDB loan and a bank loan require borrowers to make a 25% downpayment of the property purchase price. However, a bank loan requires at least 5% of the downpayment to be paid in cash, while an HDB loan downpayment can be paid entirely using savings from the homebuyer’s CPF Ordinary Account savings.
In sum, an HDB loan gives homebuyers more financial stability and lower interest rates, while a bank loan gives homebuyers flexibility and the possibility of lower interest rates in the future.
Whether they take out an HDB loan or a bank loan, homebuyers should thoughtfully consider their financial situation and risk aversion before securing a loan to finance their purchase.

Refinancing Or Repricing Your Home Loan

Chanced upon another housing loan package that offers better interest rates? Refinancing or repricing your home loan to bag that better deal.
Refinancing a home loan entails financing a current mortgage with a new bank instead of your present home loan bank. Repricing a home loan involves simply changing to a new loan package within the same bank.
CIMB offers tailored mortgage solutions so borrowers can enjoy the flexibility of refinancing or repricing their home loans hassle-free.

Why Get Your CIMB Home Loan Through PropertyGuru Finance?

Comprehensive Comparison

On our platform, you can find a wide range of mortgage options from various banks and financial institutions. Conveniently compare rates, terms, and features to find the most suitable loan for your financial goals.

Expert Guidance

Our team of experienced mortgage advisors will provide personalised support, help you navigate complex paperwork, answer questions, and guide you in making informed decisions throughout the loan process.

Time And Cost Efficiency

With our streamlined loan application process, you can save time and avoid the hassle of liaising directly with multiple financial institutions. Another upside is that we offer exclusive promotions and partnerships, so you can enjoy preferential rates or reduced fees.
Choosing the right home loan package that meets your financial goals requires careful consideration, especially for the uninitiated. Seek expert guidance with our readily available PropertyGuru Finance Mortgage Experts today!

CIMB Home Loan

Our recommendations

Best rates guaranteed!

We partner with all major banks in Singapore to bring you the best mortgage deals

CIMB Home Loan

CIMB Home Loan

SIBOR Home Loan

FHR Home Loan

Board Rate Home Loan

Bridging loan

Building Under Construction (BUC) Home Loan

Home Loan Promotions

CIMB Home Loan Refinance

Home Loan Promotions

CIMB Home Loan Refinance

Apply for CIMB Home Loan Through Us

Documents Required

Process and Fees

CIMB Home Loan Eligibility

Expert's opinion

Frequently Asked Questions

How do I pay my CIMB home loan?

How can I clear my CIMB home loan early?

What is CIMB's housing loan eligibility?

How is CIMB home loan interest calculated?

Can I refinance my CIMB home loan?

Learn more about home financing

Will Singapore Interest Rates for Home Loans Go Down in 2025?

Guide to Total Debt Servicing Ratio in Singapore: How to Calculate TDSR and More

Can I Use CPF to Buy Condo or HDB Flat in Singapore? 4 Reasons Not to

6 Ways to Utilise Your Year-end Bonus Towards Your Home Loan in Singapore

Rated by our customers

Why CIMB Home Loan?

Strong Reputation And Support

Tailored Mortgage Solutions

Competitive Interest Rates

Low Or No Processing Fees

Flexible Repayment Options

Online Management Tools

CIMB Private Property/ Executive Condominium Home Loans

CIMB Fixed Rate Packages

CIMB Floating Rate SORA Pegged Packages

CIMB HDB Home Loans

Refinancing Or Repricing Your Home Loan

Why Get Your CIMB Home Loan Through PropertyGuru Finance?

Comprehensive Comparison

Expert Guidance

Time And Cost Efficiency