• RHB Home Loan


    Buying a home is one of the biggest dreams of every income earning person. While some fulfil the dream with a high paying job that can fund the entire cost of the house, most of us would need financial support from a bank. With property costs astronomically high in a country like Singapore, most middle class to upper class people depend on banks for funding. This is where a prominent bank like RHB Bank comes in. With over 50 years of banking experience in Malaysia, the bank started retail banking operations in Singapore in the year 2011. With assets of over S$119 billion, the bank is one of the largest banking companies in neighbouring Malaysia. The bank offers a host of solutions in Singapore for its retail banking customers, which include home loans in Singapore, property loans in Malaysia for Singaporean residents and citizens, credit cards etc. The bank has several laurels to its name including the “Best Customer Experience Management of the Year Award” in banking service by APCSC Hong Kong.

    RHB Housing Loan Singapore

    RHB Bank offers several products for people looking to purchase a property of their choice. Depending on whether you want to procure a home in Singapore or in Malaysia, you have several options offered by the bank.

    • Private Property Home LoanWhen you are looking to purchase a private property, you will need to apply for this product. RHB Bank offers the most competitive interest rates along with features that make the bank the best in the industry for acquiring a home loan.
    • HDB Home Loan - When looking to purchase a flat from the Housing Development Board of Singapore, RHB Bank offers the most competitive interest rates along with some excellent features for procuring a HDB home.
    • Home Renovation Loan As the name suggests, this product is for customers who would like to renovate their property by taking a loan.
    • Malaysian Residential Property FinancingThis product is for Singaporean citizens or residents who would like to purchase a property in Malaysia.
    • Commercial Property Financing - Along with residential property financing, RHB bank also funds commercial property financing both in Singapore and Malaysia, for Singaporean residents or citizens.

    Features of RHB Home Loan

    • Get up to 80% financing for the value of the property as a loan from the bank.
    • Valuation fees will be waived off for property loan customers.
    • RHB Bank offers one year complimentary fire insurance for your property.
    • The bank accepts partial repayment of the loan, up to 20% of the loan value even during the lock in period. This can help you save interest in the long run.
    • The bank offers subsidy up to S$2500 at .5% of the loan amount.
    • RHB Singapore home loan comes with a lock in period of just 2 years. You would be able to pre-close the loan.
    • RHB Bank offers home loans with a flexible rate of interest, which is very competitive.

    RHB Housing Loan Interest Rates


    Fixed Package

    Variable Package

    Year 1

    1.20% (Fixed)

    1.08% (MR4 – 3.42%)

    Year 2

    1.60% (Fixed)

    1.38% (MR4 – 3.12%)

    Year 3

    2.48% (MR4 – 2.02%)

    2.25% (MR4 – 2.25%)


    3.38% (MR4 – 1.12%)

    3.38% (MR4 – 1.12%)

    RHB Home Loan Eligibility

    • The person needs to be a Singaporean citizen or a permanent resident
    • The minimum age of the applicant must be 21 years.
    • Annual income of the applicant must be S$24,000 or higher.

    Renovating your home is always a painful process as it can strain your finances significantly. Unforeseen expenditure can arise any time during the renovation and it is wise to take a renovation loan exclusively for improving your home. Renovations would not only improve the quality of the life of the residents of the house, but would significantly boost the resale value of the property.

    Features of RHB Home Renovation Loan

    • Loan approval up to 6 times your monthly salary, or S$30,000, whichever turns out to be higher.
    • The loan has a flexible repayment schedule of up to 5 years.
    • The main borrower is eligible for free personal accidental death insurance coverage.
    • The loan comes with no hidden costs, except a 1% processing fee.
    • The lender would also be able to choose between flat interest rate and a monthly rest rate.

    Eligibility for Renovation Loan

    • The applicant must be a Singaporean citizen or a permanent resident
    • The age of the applicant must be a minimum of 21 years to 55 years maximum.
    • The income of the primary applicant must be at least S$24,000 per annum.
    • A joint applicant can be added to the loan. However, the joint applicant must be a sibling, spouse, child or parent of the primary applicant.
    • One of the two applicants must be the rightful owners of the property.

    As a resident or citizen of Singapore, you would be eligible to purchase property in any part of Malaysia using this unique product by RHB Bank. Anyone looking to take refinance on your home in Malaysia can also apply for this product.

    • Must be a citizen of Singapore or a permanent resident of the country.
    • The age of the applicant must be a minimum of 21 years.
    • The annual income of the applicant must be a minimum of S$24,000 p.a


    Interest Rate

    Year 1

    2.88% p.a. (MBR* – 3.12%)

    Year 2

    3.18% p.a. (MBR* – 2.82%)

    Year 3

    3.38% p.a. (MBR* – 2.62%)


    3.38% p.a. (MBR* – 2.62%)

    Lock in period

    2 years

    RHB Bank in Singapore - FAQs

    The maximum financing offered is up to 80% of the purchase price or value of the property.
    You should have a minimum annual income of $24,000 to apply for a home loan with RHB Bank.
    Yes, RHB Bank offers a subsidy of 0.5% of the loan amount up to $2500 on legal fees.
    No, only permanent residents and citizens of Singapore can apply.
    No, you have to be minimum 21 years of age to apply for a home loan with RHB Bank.
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