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    CIMB Home Loan

    Home Loan BYTES FROM OUR KITCHEN

    When it comes to buying a house or purchasing property, it is often difficult to find financial aid which suits your requirements. Purchase your first or next house with the help of CIMB Home Loans which offer not only some of the most competitive rates of interest but also flexible terms of repayment. Under home loans, CIMB Bank offers the CIMB HDB Home Loan and the CIMB Private Home Loan.


    You’re probably eligible for an CIMB Bank Home Loan if you are

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    CIMB Bank Home Loan Minimum Age

    Atleast 21 years

     CIMB Bank Home Loan Maximum Age

    Above 21 years

    CIMB Bank Home Loan Eligible Employment Type

    Salaried / Self-employed
    with regular income

    CIMB Bank Home Loan Minimum Income

    Earn more than the minimum
    income required


    Your CIMB Bank Home Loan amount eligibility is based on these factors

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    CIMB Bank Home Loan Minimum Salary

    EMI limited to about 50%
    of monthly income

    CIMB Bank Home Loan Maximum Loan to property value

    Loan capped @ 80% of property value

    CIMB Bank Home Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible CIMB Bank Home Loan amount by these steps

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    CIMB Bank Home Loan Add Spouse as Co-applicant

    Make your spouse a co-applicant,
    and her income will add
    to your eligibility

    CIMB Bank Home Loan Maximum Tenure

    Choose longer tenure loan up to 35 years

    CIMB Bank Home Loan Add parents as Co-applicant

    Alternatively add your parents


    Documentation needed to apply for an CIMB Bank Home Loan

    • 1. Copy of NRIC/Passport of all Applicants & Owners
    • 2. Latest Computerised Payslip (salaried)
    • 3. CPF Statement – Latest 12 Months Contribution History (salaried)
    • 4. 2 Years Income Tax Assessment (self-employed)
    • 5. Option to Purchase or Sale & Purchase Agreement (for new purchase)
    • 6. Tenancy Agreements (if any)
    • 7. Evidence of sale of existing property (if applicable)

    CIMB Bank Home Loan DetailsUpdated on 24 Sep 2017

    CIMB Bank Home Loan Details
    Margin of Finance Up to 80%
    Loan Tenure 5 years – 35 years

    About CIMB Bank Home Loan Singapore

    When it comes to buying a house or purchasing property, it is often difficult to find financial aid which suits your requirements. Purchase your first or next house with the help of CIMB Home Loans which offer not only some of the most competitive rates of interest but also flexible terms of repayment. Under home loans, a range of products that can not only help you to purchase the property that you desire in Singapore, but they can also assist you to purchase property in foreign countries such as Malaysia, Australia and in the city of London in United Kingdom.

    Why choose CIMB Housing Loan?

    • CIMB Bank Home Loans are one of the best home financing option available in Singapore for a variety of reasons.
    • Choose from two unique home loan plans – HDB Home Loan and Private Home Loan.
    • Make the most of the affordable interest rate offered by CIMB Home Loans for your home financing needs.
    • Flexible repayment tenure is another advantage of the CIMB Home Loan.
    • CIMB Bank Home feature high loan value, which means that you, as a customer, can obtain a higher loan amount for your home financing purposes.
    • Enjoy freedom from loan processing fee when you apply for the CIMB Bank home loan.

    Types of CIMB Bank Home Loan

    CIMB HDB Home Loan

    If you want the financial assistance required to purchase a new or pre-owned HDB flat in Singapore, you should opt for this home loan provided by CIMB. You can share your housing needs with the bank and you will be offered with customized service based on your needs. The loan amount offered is also very high and it can assist you in purchasing the HDB flat of your choice.

    CIMB Private Home Loan

    Now you can purchase the property of your choice in Singapore with a Private Home Loan from CIMB. Whether you purchase a house for the first time, move to a bigger house, or refinance your existing housing loan, you can always rely on CIMB to offer you with a home loan at very attractive interest rates.

    CIMB Overseas Property Loans

    Do you want a vacation home in another country? Are you looking to invest in lucrative real estate markets overseas? The Overseas Property Loan from CIMB can make your dream of owning a house in a foreign country come true. The following three types of overseas property loans are offered by CIMB:

    • CIMB London Residential Property Loan
    • CIMB Australia Residential Property Loan
    • CIMB Malaysia Residential Property Loan

    CIMB HDB Home Loan:

    • The CIMB HDB Home Loan is specially designed to finance all types of residential property, be it an infrastructure which is either completed or under construction.
    • Expedite your savings with this loan as it gives you the option to choose between a Singapore Interbank Offer (SIBOR) and a Variable Rate package in terms of interest.
    • Among other features, this loan provides a high loan value of up to 80% of the loan amount.
    • The CIMB HDB Home Loan features flexible repayment tenure of up to 35 years or up to 70 years of age, whichever time period is nearer.
    • You may take this loan for an amount as low as SGD 100,000.

    CIMB Private Home Loan:

    • This loan can be used to finance residential properties which may either be complete or under construction.
    • Enjoy high loan value of up to 80% when you apply for a CIMB Private Home Loan.
    • This loan can be applied for an amount as low as SGD 200,000, to take care of any kind of home financing need.
    • Benefit from the flexible loan tenure which can be up to 35 years / till you turn 70 years of age, whichever occurs earlier.
    • For interest rates, customers can choose between the Singapore Interbank Offer Rate (SIBOR) and a Variable Rate package, whichever is more convenient.

    CIMB Overseas Property Loans:

    • The loan can be used for purchasing properties in London, Australia and Malaysia.
    • You can access the loan amount in Singapore Dollars.
    • You will not have to pay any processing fee for the loan.
    • The tenure of the loan is very flexible, from 5 – 35 years.
    • You can avail as much as 80% of the value of the property as a loan.

    Here are the interest rates for CIMB home loan with different packages

    Loan Package Fixed or Floating Rate 1st year 2nd Year
    3 year package Fixed 2.18 % 2.18 %
    4 year package Fixed 2.18 % 2.28 %
    5 year package Fixed 2.48 % 2.48 %
    3M Rate Package (SIBOR) Floating 2.23 % 2.23 %
    Variable Package Floating 0.94 % 1.60 %
    Changing Insurer of Fire Insurance $200 p.a.
    Request of Loan Statement Nil for current year. $50 for previous year’s statement
    Late payment of EMI Bank rate + 5% (Minimum $30)

    Currently, the bank is not offering any promotions with the different types of home loans it offers. However, CIMB does offer periodic promotions with its products from time to time. Keep visiting this page to known about the latest promotions.

    CIMB HDB Home Loan

    • Applicants must be 21 years or above
    • Any of the applicants must have a minimum annual income of $24,000

    CIMB Private Home Loan

    • Applicants must be 21 years or above
    • Any of the applicants must have a minimum annual income of $24,000

    CIMB HDB Home Loan

    Documents Required

    • Copy of NRIC / Passport of all applicants and owners
    • Option to Purchase or Sale & Purchase Agreement (for new purchases)
    • Latest 12 months’ Loan Statement from the current bank (for refinancing)
    • Latest CPF Withdrawal Statement for existing property to be re-financed / sold
    • Evidence of Sale of Existing Property (if applicable)
    • Agreement of Tenancy

    Income Documents Required

    • Most recent computerized payslip (for salaried applicants)
    • Latest 12 months’ CPF contribution history statement (for salaried applicants)
    • 2 years Income Tax Assessment (for self-employed applicants)

    CIMB Private Home Loan

    Documents Required

    • Copy of NRIC / Passport of all applicants and owners
    • Option to Purchase or Sale & Purchase Agreement (for new purchases)
    • Latest 12 months’ Loan Statement from the current bank (for refinancing)
    • Latest CPF Withdrawal Statement for existing property to be re-financed / sold
    • Evidence of Sale of Existing Property (if applicable)
    • Agreement of Tenancy

    Income Documents Required

    • Most recent computerized payslip (for salaried applicants)
    • Latest 12 months’ CPF contribution history statement (for salaried applicants)
    • 2 years Income Tax Assessment (for self-employed applicants)

    The CIMB bank currently offers multiple products under personal and commercial banking like -

    CIMB Home Loan – FAQs

    The loan tenure for the CIMB HDB home loan and the CIMB Private home loan ranges from up to 35 years / up to 70 years of age, whichever occurs earlier.
    You can avail the CIMB HDB home loan for a minimum amount of SGD100,000 and the CIB Private home loan for a minimum amount of SGD200,000.
    Yes, in case of late instalment payment, both of the CIMB home loans will attract a late fee which comprises of prime lending fee + 5% (subject to a minimum of 30$).
    No, CIMB Bank does not charge any loan processing fee.
    An individual must be at least 2 years of age in order to apply for a CIMB home loan.
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