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.
Property Type
Building Status
Loan Amount
S$
S$
Loan Tenure
Yrs
Yrs
Property Type
Building Status
Loan Amount
S$
S$
Loan Tenure
Yrs
Yrs

We found 5 home loans for you

These rates are accurate as of 10 June 2021
Sorted by lowest to highest 1st year interest rates
PROMOTIONAL OFFER
Floating
Board Rate + 0.85%
1 years
Lock-in Period
1.03%
Interest Rate Year 1
S$ 2,100 /mo
Instalment Year 1
1.03%
Interest Rate Year 1
PROMOTIONAL OFFER
Floating
Board Rate + 0.85%
1 years
Lock-in Period
1.03%
Interest Rate Year 1
S$ 2,100 /mo
Instalment Year 1
1.03%
Interest Rate Year 1
PROMOTIONAL OFFER
Fixed
Rate Type
2 years
Lock-in Period
1.20%
Interest Rate Year 1
S$ 2,151 /mo
Instalment Year 1
1.20%
Interest Rate Year 1

CIMB 2 Year Fixed Rate

Fixed
Rate Type
2 years
Lock-in Period
1.30%
Interest Rate Year 1
S$ 2,181 /mo
Instalment Year 1
1.30%
Interest Rate Year 1

CIMB 3 Year Fixed Rate

Fixed
Rate Type
2 years
Lock-in Period
1.35%
Interest Rate Year 1
S$ 2,197 /mo
Instalment Year 1
1.35%
Interest Rate Year 1

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You're borrowing S$ 650,000 for 30 years for private property, completed

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 Home Finance Advisors.

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

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 Home Finance Advisors.

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.

Apply for CIMB Home Loan Through Us

Compare CIMB mortgage interest rates and send in your loan application right here on PropertyGuru. Our Home Finance Advisors 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 Home Finance Advisors for advice on what to look out for when choosing a home loan.

Expert's opinion

Frequently Asked Questions