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About CIMB Home Loans

CIMB home loans are offered by CIMB bank which is ranked as the fifth largest banking group in the ASEAN region and it operates in 17 markets around the world. In Singapore, CIMB has been present since 1947 through Ban Hin Lee Bank, and it grew with the acquisition of G.K Goh Stockbrokers in 2005. In 2009 it began offering universal banking services which include investment banking, Islamic banking, consumer banking (including CIMB credit cards), equities brokerage and assessment management.

On 1 September 2015, the bank revealed that its total assets are RM443.2 billion. It has a total shareholders' fund of RM33.7 billion and a presence in 17 countries around the world.

CIMB Home Loans

HDB Home Loan

Borrowers can look forward to either a SIBOR-pegged rate or a fixed rate package of their choice. The loan is extended to all HDB projects that are completed or still under construction.

  • A minimum loan amount of $100,000 applies.
  • Get a maximum loan amount of 80% of the property price, subject to borrower's eligibility.
  • Maximum loan tenure is up to 30 years, or until borrower reached 70 years of age.
  • There are no processing fees.
  • You need to earn at least $18,000 a year.

Home Loans For Private Residential Properties

Borrowers can look forward to either a Singapore Interbank Offer Rate (SIBOR) or a fixed rate package of their choice. The loan is extended to all private residential projects that is completed or still under construction.

  • A minimum loan amount of $200,000 applies.
  • The loan package offers a maximum loan quantum of 80%, subject to the borrower's eligibility.
  • There is a maximum loan tenure of up to 35 years, or until the borrower reaches 70 years of age. There are no processing fees.
  • You must have an annual income of at least $24,000.

Overseas Property Loan

CIMB also provides financing for properties in London, Australia and Malaysia.

London Property Loan

You can apply for financing for both completed and under-construction London residential properties.

  • There is a minimum loan amount of $300,000.
  • The quantum of financing is up to 80% and the loan tenure is up to a maximum of 30 years.
  • You need to earn at least $60,000 a year.

Australia Property Loan

CIMB's Australia residential property loan offers a Singapore Dollar facility to finance the purchase of residential property in Melbourne, Perth or Sydney. You can apply for financing for Australian residential properties that are completed and for those that are under-construction.

  • There is a minimum loan amount of $300,000.
  • Quantum of financing is up to 70% and loan tenure is up to a maximum of 30 years.
  • You need a minimum income of at least $60,000 a year.

Malaysian Property Loan

Financing for both completed and under-construction Malaysian residential properties is available.

  • There's a minimum loan amount of $200,000.
  • Quantum of financing is up to 80% and loan tenure is up to a maximum of 30 years.
  • You need a minimum income of at least $24,000 a year.

CIMB Home Loan Eligibility

  • Borrowers must be at least legal age of 21.
  • Applicants are required to show proof of income that can be any one of the following: CPF contribution statements, tax assessment statements for at least 2 years or computerized pay slips.
  • Borrowers for HDB home loans must be either a Singapore Citizen or a Permanent Resident.
  • Borrowers for HDB home loans must fulfil HDB Loan Eligibility (HLE).

CIMB Home Loan Fees And Charges

  • Loan statement request: $50 per statement for any previous year, the current year's statement is free of charge.
  • Custody of the title deed for fully-paid loans: $500 per year.
  • Change of insurer for fire insurance: $200 per year.
  • Late payments of monthly mortgage: prime lending rate + 5% or minimum of $30.
  • Rescheduling of intended date of full redemption: $200

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