RHB Singapore offers the lowest home loan rates compared to any other banks. There are fixed rate and pegged to internal board rate packages, both packages have a 2 year lock-in period tie. The Internal Board Rate package offers a cheaper pricing rate compared to the 2 years fixed package. Those who are looking to refinance their home after two years will benefit from this package.
However, those who would want to have a fixed payment However RHB also allows buyers to make a partial prepayment on their loan of up to 20% of the loan amount at no charge, even during a lock-in period. This is an advantage for buyers who wish to pay off their loan early. RHB also offers a subsidy of up to $2,500 at 0.5% of your loan amount on legal fee.
IBR Package is based on the bank’s own Board Rates plus an Internal Board Rate –RHB’s internal board rate pegged package offers lower interest rate for the three years and increase from fourth year onwards. This makes Internal Board Rate packages much more suitable for short term investors than home buyers. In this case, The current RHB board rate is 4.50%. This rate remained since year 2010.
Fees and Charges
RHB Bank ATMs: Transfer funds from your RHB Bank Savings or Current accounts to make your payment at RHB Bank branches.
Express Payment machine: Make a check or cash deposit at RHB Bank branches.
Phone Banking: Issue instructions to have your bank account deducted to pay for your home loan with your T-PIN.
Browse our full line-up of Best Property Loans in Singapore listed on our website and choose which suits your preferences.
Work on iMoney’s home loan calculator and be sure on your decision. If RHB home loan is your choice, Click the apply button and fill in a simple application form and you will be attended by experienced mortgage brokers.