All insights

Bank guide · 2026

CIMB home loan Singapore: reading a floating only lender

By Winfred Quek · 7 minute read · Last reviewed August 2026

Facts verified: August 2026, package data dated 29 April 2026 · Sources linked below

CIMB shows up in search because buyers specifically want to know its housing loan rate, its home loan interest rate, its mortgage rate, three separate ways of asking the same question. What is more useful than a single number is understanding the shape of what CIMB offers, which in our data is structurally different from banks that lead with a fixed package.

What CIMB offers

In our most recent dated survey of CIMB's home loan package, 29 April 2026, one package type was recorded:

Rate dated 29 April 2026. No fixed rate package was recorded for CIMB on this date; package availability changes, always confirm directly with CIMB.

Why there is no fixed package here, and what that means

Not every bank in the Singapore market runs a fixed and floating package side by side at all times. Some lenders, including CIMB and RHB in our survey, published only a floating structure on the date we checked. This is a data point, not a permanent feature, banks add and remove package types depending on funding costs and strategy, so it is entirely possible CIMB offers a fixed package today that was not live in April. The honest position is that we cannot confirm one either way from this data, so ask CIMB directly rather than assuming based on this page.

What the floating structure does tell you is the shape of the cost over time: a relatively tight spread in the first three years, 0.30% to 0.40% over 3 month SORA, followed by a step up to 1.00% from year 4. That is a meaningfully larger jump than some competitors surveyed, so the loan's fourth year and beyond deserves particular attention when weighing this package.

CIMB versus RHB, the closest comparison

RHB was the other floating only lender in our survey, and the two make a useful side by side. CIMB pegs to 3 month compounded SORA with a spread of 0.30% to 0.40% for the first three years, stepping to 1.00% thereafter. RHB pegs to 1 month compounded SORA with a spread of 0.35% for the first two years, also stepping to 1.00% thereafter, but on a different timeline. Both landed at an effective rate around 1.32% on our survey date, but the peg (1 month versus 3 month) changes how quickly the instalment reacts if SORA moves. See the full comparison table for both side by side with the rest of the market.

Who a package structured like this tends to suit

This is a structural read, not a recommendation for or against CIMB specifically.

• A floating only package suits a buyer who is comfortable with a variable instalment from day one and does not need the payment certainty a fixed rate buys.
• The tighter early year spread suits someone planning to review or refinance again before the step up to 1.00% kicks in from year 4.
• A 3 month SORA peg suits someone who prefers the instalment to change more gradually with the benchmark than a 1 month peg would, smoothing short term swings at the cost of a slower reaction when rates turn.

How to compare against other banks

Because CIMB's package in our data is floating only, compare it specifically against other floating packages rather than against a bank's fixed rate, which is not an apples to apples comparison:

1. Line up the full step up schedule against RHB and any other floating package you are considering, not just the year 1 effective rate.
2. Ask CIMB directly whether a fixed package is currently available, since our data does not confirm one either way.
3. Check the lock in and redemption penalty terms, which apply to floating packages just as they do to fixed ones.
4. If certainty matters more to you than flexibility, compare CIMB's floating package against a bank offering a genuine fixed alternative, like DBS, OCBC, UOB, Maybank, Standard Chartered or HSBC in our survey.

The full Singapore mortgage rates comparison table lines CIMB up against all twelve lenders we surveyed on the same dated basis.

What to ask before you sign

• Is a fixed rate package currently available at CIMB, and if so, what are its terms?
• What is the exact step up schedule beyond year 3, and how does that affect my instalment at year 4 and beyond?
• What is the redemption penalty and clawback period if I exit within the 2 year lock in?
• Does CIMB offer free conversion to another package if my needs change during the lock in?
• Does this package support progressive disbursement if I am buying a unit under construction?

Frequently asked questions

Does CIMB offer a fixed rate home loan in Singapore?

In our most recent survey, dated 29 April 2026, CIMB's published package was a floating package pegged to 3 month compounded SORA, with no fixed rate package recorded. This does not necessarily mean CIMB never offers a fixed package, only that our survey did not capture one on that date. Ask CIMB directly whether a fixed option is currently available.

What is CIMB's home loan rate structure?

In our dated survey, CIMB's floating package was priced at 3 month compounded SORA plus 0.30% in year 1, 0.35% in year 2, 0.40% in year 3, stepping up to 1.00% from year 4 onward, with a 2 year lock in. This step up pattern means the early years are priced more tightly than the loan's later years.

How does CIMB compare to RHB?

Both CIMB and RHB, in our survey, offered floating only packages with no fixed rate option recorded, and both quoted an effective rate around 1.32% on the survey date, though the underlying benchmark differed, CIMB used 3 month compounded SORA while RHB used 1 month. Both also carried a step up to a 1.00% spread over SORA from a later year onward. The mechanical difference is which SORA window each is pegged to, which changes how quickly your instalment reacts to a benchmark move.

Is CIMB a good option for a Singapore home loan?

CIMB's floating package priced competitively against several other banks in our survey, but whether it suits you depends on whether you are comfortable with a floating rate from day one, since no fixed package was recorded, and on how the step up spread in later years affects your budget. This is a structural question, not a recommendation, and is worth mapping against your own numbers or a current comparison across banks.

Sources & References

• MAS: Singapore Overnight Rate Average (SORA)
• Winfred Quek: Singapore Mortgage Rates 2026, Compare Every Bank

Winfred Quek is an Associate Marketing Consultant at Crestbrick Pte Ltd (CEA Licence L31010886H), advising Singapore upgraders, investors, and families. CEA R073319H. The information on this page is general in nature and does not constitute financial, mortgage, or investment advice, and no bank or package is recommended. Always verify rates and terms with the bank before committing.