RHB was established in Singapore as UMBC in the year 1961. In 2011, it celebrated its 50th anniversary. The experience the bank has achieved in the financial sector is through strategic mergers and never ending expansion. The bank assumed its present name RHB Bank Berhad Singapore or RHBS in the year 1999. Its vast experience has helped the bank to cater to the financial needs of both, individuals as well as corporations to fulfill all their business goals and opportunities. RHBS functions as a fully licensed bank striving to providing services including savings, fixed deposits, provision of loans such as Home Loan among others, credit facilities to individuals and corporations alike. RHB’s key business segments include Consumer Banking, Corporate Banking, Business Banking, Investment Banking and Treasury. The bank is spread across 7 different branches in covering the island and 13 Bureau de Change counters placed at the Singapore Changi International Airport.
RHB Home Loan is a popular choice of loan provided by the bank. RHB bank puts the comfort of its customers first by offering the Commercial Property Loan at attractive interest rate packages. These packages are also variable and furthermore, RHB premier customers can avail this loan at an additional discounted interest rate structure.
The following are applicable for a loan amount of SGD 300,000 and more -
The following rates apply for both – purchase of a commercial property as well as refinancing of the same –
|Year||Variable Package for 2 Years||Variable Package for 3 Years|
|First Year||1.95% (Commercial Rate – 2.73%)||1.95% (Commercial Rate – 2.73%)|
|Second Year||2.25% (Commercial Rate – 2.43%)||2.15% (Commercial Rate – 2.53%)|
|Third Year||3.48% (Commercial Rate – 1.20%)||2.48% (Commercial Rate – 2.20%)|
|Thereafter||Commercial Rate – 4.68%||Commercial Rate - 4.68%|
The following are eligible to apply for the RHB Bank Commercial Property Loan –
The following Proof of Income Documents are required –
Please Bring the Following for ALL applications –
Property Purchase Documents Required –
Refinancing Documents Required –
The bank can request any other document on a case to case basis as per its discretion.
The applicant must be at least 21 years old in order to apply for the RHB Bank Commercial Property Loan.
Yes. RHB offers two packages with competitive interest rate structure – A 2 Year Variable Package and a 3 Year Variable Package. Both these packages apply to both, Purchase of a new commercial property as well as for refinancing your loan.
You can submit either a Sale and Purchase Agreement document or the Option to Purchase Document while applying for the RHB Bank Commercial Property Loan.
Yes. Foreigners can apply for the RHB Bank Commercial Property Loan provided all the other eligibility criteria are met and the requested documents are submitted.
In order to be eligible to apply for an RHB Bank Commercial Property Loan, the loan amount must at least be SGD 300, 000 below which an application for this loan cannot be accepted.