Mortgage loan offerings by RHB Bank are worth taking a closer look at

Mortgage loan offerings by RHB Bank caters to the needs of different customers who need home loans or commercial property loans.

RHB Bank is a leading financial institution in Singapore that offers a wide range of financial products and services to its customers. One of the key offerings of the bank is its mortgage loan services, which are designed to meet the diverse needs and requirements of home buyers in the country.

We need to take a closer look at mortgage loan offerings of RHB Bank to appreciate it and how they can benefit home buyers who need home loans in Singapore.

First and foremost, RHB Bank offers a range of mortgage loan options to cater to the needs of different customers. For instance, the bank has a standard home loan that provides a flexible repayment period and attractive interest rates. The bank also offers refinancing services for customers who are looking to transfer their existing mortgage loan to a more favorable interest rate. Additionally, RHB Bank offers a range of other loan options, such as HDB loan and executive condo loan, to cater to the needs of different home buyers.

One of the main benefits of choosing RHB Bank for your mortgage loan needs is the bank’s competitive interest rates. The bank offers some of the most competitive interest rates in the market, making it an attractive option for home buyers who are looking to save money on their mortgage payments.

The bank’s mortgage loan offerings include a variety of flexible repayment options, including the option to make additional repayments, to help customers manage their cash flow and reduce the overall interest paid on their loan.

Mr Paul Ho, chief officer at iCompareLoan, said: “RHB’s mortgage loan offerings and products are some of the best in the market, both for new private residential and commercial property investments.”

RHB Bank – Mortgage Rates (Personal Resi and Commercial)

NEW 1M SORA package for Resi & Commercial Property in Personal Name
FAST APPROVAL
Combo packages available

Private Residential
Option 1 – 3M SORA lock-in 2 years (min 200k)
Y1: 3M SORA + 0.95%
Y2: 3M SORA + 0.95%
Y3: 3M SORA + 1.20%
Thereafter: 3M SORA + 1.25%

NEW PACKAGE
Option 2 – 1M SORA lock-in 2 years (min 500k)
Y1: 1M SORA + 0.70%
Y2: 1M SORA + 0.70%
Y3: 1M SORA + 1.00%
Thereafter: 1M SORA + 1.25%

HDB Residential
Option 1 – 3M SORA lock-in 2 years (min 300k)
Y1: 3M SORA + 1.15%
Y2: 3M SORA + 1.15%
Y3 & Thereafter: 3M SORA + 1.40%

Commercial Property, B1/B2 Light Industrial in Personal Capacity
NEW PACKAGE
Option 1 – 3M SORA lock-in 3 years (min 300k)
Y1: 3M SORA + 1.10%
Y2: 3M SORA + 1.20%
Y3: 3M SORA + 1.40%
Thereafter: 3M SORA + 2.50%

NEW PACKAGE
Option 2 – 1M SORA lock-in 2 years (min 300k)
Y1: 1M SORA + 1.10%
Y2: 1M SORA + 1.20%
Y3: 1M SORA + 1.50%
Thereafter: 1M SORA + 2.50%

note for residential

• legal subsidy of up to $2000 or 0.40% of loan amount whichever is lower, for refinancing > 500,000
• free conversion after lock in period
• all resi packages allow for up to 50% partial prepayment without penalty

note for commercial properties (personal lending)
-B1/B2 available for financing

• legal subsidy of up to $2000 or 0.40% of loan amount whichever is lower, for new purchase & refi >500,000
• accept purchase with tenancy to boost TDSR, furnish TA > 6 mths and stamp cert
• free conversion after lock in period

3M SORA as @ 1 Feb 2023 is 3.1419%
1M SORA as @ 1 Feb 2023 is 3.3930%

“But prospective buyers and investors, must do their own homework, compare rates between the different banks, or if they do not have time to do that, speak to mortgage brokers,” he added.

One of the main benefits of choosing mortgage brokers for your mortgage loan offerings or needs is the their commitment to providing personalised services to its customers. The mortgage brokers are specialists who are knowledgeable and experienced, and they work closely with customers to understand their specific needs and requirements. This personalised approach ensures that customers receive the most suitable loan options, tailored to their financial situation and goals.

In addition to its providing competitive interest rates and flexible repayment options, mortgage brokers also offers a range of value-added services to its mortgage customers. For instance, mortgage brokers can engage the lender to provide a home loan protection plan to give customers peace of mind and protect their home loan in the event of death, permanent disability, or critical illness. Mortgage brokers also offers a range of online tools and resources to help customers better manage their mortgage loan, such as online account management and bill payment services.

RHB Bank is a leading provider of mortgage loans in Singapore, offering a range of loan options, personalised services, competitive interest rates, and value-added services to its customers. But, whether you are a first-time home buyer or an experienced property investor, speak to a mortgage broker first for they are well positioned to meet your mortgage loan needs and help you achieve your financial goals.

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