Once your home loan application is live, all of your offers will be displayed on your dashboard and once you like the look of one, you can discuss the details with one of our home loan specialists. Your application stays on the platform and you get to watch offers fly in as it happens.Find your home loan on the
ROSHI enables borrowers to receive fully customised loan options, updates and strategies in real-time directly on our platform, avoiding the hassle of calling, visiting or applying with multiple lenders or brokers.
Access to the best mortgage rate
Packages from all major lenders
Customer first, non biased advice
Rate monitoring and notification
Bespoke mortgage solutions via personal dashboard
Provide details about your property needs and financial situation.
Our smart tech compares hundreds of loans from all lenders to match your needs.
Easily upload all required docs online. This means less paperwork!
Once you submit your application our team will keep you regularly updated on its progress.
Choosing from over 200 different home loan options means you can find the right loan for your individual needs. Plus, our loan experts will negotiate on your behalf to get you the best deal possible.Check Live Rates
Are you planning to buy a private or landed property? Your mortgage plan mainly depends on your monthly installment budget and your risk tolerance. Typically, financial institutions and banks offers wide range of mortgages or home loan packages to those eligible of the loan.
If your property, landed or private, is still under construction, you should consider a bank loan that does not require a lock in period. Having a free term gives you the chance to refinance or reprice your loan to a lower interest rate.
If you intend to buy a private, landed or resale property, most major banks offer competitive mortgages with floating or fixed interest rates. Be reminded that when purchasing a private property, HDB loans are not available. For the best resale, landed and private property mortgages which are still under construction (BUC) check out below home loan interest rates or apply via the ROSHI marketplace.
If you or your spouse is a Singaporean and you want to buy an HDB in Singapore, you can apply for an HDB housing loan. To qualify, your household income must be less than the maximum household income limit, and you must not own any private or commercial properties. The interest rate on an HDB housing loan is 2.6 percent, and it's determined by adding 0.1 percent to the existing CPF Ordinary Account interest rate. That is to say, if your CPFOA interest rate changes, your HDB housing loan interest rate may change as well - however it is commonly known that these interest rates are unlikely to change.
A maximum of 90% of the purchase price can be borrowed through an HDB concessionary loan. For example if you want to buy an HDB unit for $500,000, you can get a loan of up to $450,000 if you pay $15,000 in cash and the rest in CPF or cash. The Mortgage Servicing Ratio (MSR) and Total Debt Servicing Ratio (TDSR) are considered in the HDB bank loan approval process (TDSR). Both of these ratios are proportional to your gross monthly income and debt commitments, such as credit card balances, vehicle loans, and other monthly installment loans. Before applying to any bank in Singapore, it is recommended that you keep your monthly debt commitments to a minimum of at least 2 months.
It all depends on your long-term mortgage objectives and current financial situation. HDB loans allow you to finance up to 90% of the unit's purchase price, with the remaining 10% covered by CPF. Which means HDB loans do not require only little upfront funds. Bank loans, on the other hand, are limited to 75 percent of the property purchase price. The maximum loan tenure for HDB loans is 25 years while bank loans for HDB flats can go up to 30 years. The key difference between a HDB and bank loan is the interest rate. Interest rates on HDB loans are currently at 2.60 percent, while bank loan interest rates have historically been as low as roughly 1 percent. A HDB loan is advisable if your initial deposit is lower and you are seeking long-term interest rate stability. A bank loan, on the other hand, is the best option if you want to save money on interest and have smaller monthly repayments.
Excellent! ROSHI has found 19 Loans that suit your criteria.
Sorry, the universe does not have any match for you today.
Interest rates are the most critical part when deciding on a home loan. Interest rates will not only affect your total repayment amount but also your scheduled monthly payments. There are fixed, variable, or board rates. The interest type you select will impact your total as well as monthly repayment amount.
Variable rates tend to go up and down quickly, making it a higher risk with potential better rewards. Board rates are even more intense than that with the potential for great rewards or the opposite. Fixed rates sit at a stagnant level, regardless of the market change.
Via the ROSHI home loan marketplace you can set-up a mortgage application which will connect you to lenders & brokers in real time.
Based on what we know of the market today, more than 80% of application decisions depend mainly on the current interest rates. This makes sense as these rates impact the overall cost of your mortgage. Credit score is also a factor to consider, but it has less impact on your decision than you might expect.
Mortgages are also influenced by the ability to refinance when you want. Most people decide to refinance somewhere between two and four years after opening one. This is usually a result of a sudden change in market rates. Make sure that the loan you choose allows this so that you can swap to a better one in the event one turns up.
Keep an eye on refinancing fees too. Some banks require you to make a small payment to refinance your plan. Alternately, the new plan that you choose may also have a small fee waiver, in which case you could avoid this payment.
|Home Loan||Best For||Rate Type||Lock-In Period||1st Year Interest|
|PR5HDBHO||HDB Homes||Floating||1 year||0.95%||Apply Now|
|PR6PRIHO||Condos & Private|
|Floating||1 year||0.95%||Apply Now|
|PR1HDBHO||HDB Homes||Floating||1 year||1.05%||Apply Now|
|PR2PRIHO||Condos & Private|
|Floating||1 year||1.05%||Apply Now|
|PR17PRIHO||Condos & Private|
|PR18PRIHO||Condos & Private|
|CI6PRIHO||Condos & Private|
|Floating||2 years||1.15%||Apply Now|
|OC1HDBHO||HDB Homes||Floating||2 years||1.18%||Apply Now|
|OC4PRIHO||Condos & Private|
|Floating||2 years||1.18%||Apply Now|
|CI5PRIHO||Condos & Private|
|Floating||2 years||1.18%||Apply Now|
It is always a hard choice to determine if you should take a floating rate or a fixed rate. If you have the ability to refinance your loan, a floating rate can work better as it will go up and down with the market.
On the other hand, if you are stuck in the loan option you’ve chosen, a fixed rate could be better as it removes the risk of getting stuck in a higher level of interest that you can’t afford.
Fixed rates are safer while floating rates offer the potential for lower fees. The decision is yours on which would be best for you. Take a look at our overview of each type to better make your decision:
Anyone can apply for a home loan, no matter who you are. The problem is getting accepted. The smartest first step is to compare loan options on GoBear then select the ideal loan for your situation. This doesn’t take as long as you might think.
This doesn’t mean you will acquire the first loan you chose, however. The bank you choose will do a background check and make sure you will be able to keep up with payments. They may check things like your salary, mortgage broker, the stability of your employment, etc.
Many banks will also ask for collateral, such as a car or piece of land. Everyone has different rules to this sort of thing, so be sure to research the bank you are choosing to loan from before applying as well.
Mostly, you won’t need to feel rushed with your repayments. The majority of repayment options give you anywhere up to 35 years to pay it back. The shorter term you choose to pay, the less interest you will end up spending. However, for those that want to get into their home early, the longer time can be worthwhile.
You can also choose to pay the loan back early if you happen to fall into more money in the future. This too will reduce the amount of interest you end up paying.
You need to look into what caused the rejection. Take all the causes of your rejection and work on them for the next application. After this, you can decide to reapply for the same loan or look into your second choice.
Before deciding on a home loan it is advisable to familiarise yourself with the following points:
For most houses, you’ll need at least 20% for your down payment. Nowadays, some lenders don’t require that much from you all at once. They may offer a lower down payment cost. However, this generally means you end up paying more interest over time.
All lenders use one of two debt ratios to work out what you’re able to borrow. The two values that you must be able to reach are as follows:
Whichever value works out best is the debt ratio that your lender will utilize. Some lenders have better ratios than these, but the majority use one of these two ratios.
Just because your credit card reaches a certain limit doesn’t mean you should reach it! You can say the same about mortgages. Try to find a mortgage that leaves you with at least some savings. You need to make sure that your budget fits the mortgage.
You need to consider the things you will need inside your home once you’ve moved in. Your requirements are things like furniture, appliances, wall paint, and so on. You may also want to add improvements to your home after moving in. These things should be included in your budget.
Instead of just buying what you need, think about your future needs. Will you need more space for future children? Will you, perhaps, want a second car at some point? You need to consider these things before you make the big step of buying a house. There’s no point buying a place that you will outgrow in a year or two.
Aim for a house that fits below your budget rather than going slightly above your budget. You may have anticipated almost everything you could expect before going for it. However, I guarantee there will be something you have missed. Anything from a damaged appliance to minor upgrades could throw your budget. It’s best to have a little back up.
Remember that you aren’t the only one bidding on properties. You can’t afford to blow your whole budget on your first offer. Aim a bit lower so that you will have enough to bid a bit higher.
A home loan is also known as a mortgage. The loan will be made by a financial institution. These agreements tend to last around 25 to 30 years, requiring your to make repayments every week, fortnight, or month, depending on your choices.
In the event that you cannot make your repayments, the lender can and might force you to sell the property in order to pay them back. Obviously, you should make sure that this will not happen before taking any offers.
There will be some interest to pay back, typically somewhere around 4-5%. The interest varies based on how many years you choose to repay and the total cost of the loan.
It is more difficult to take a loan when you have bad credit. The bank will check your ability to keep up more thoroughly. Most likely, they’ll offer you a smaller loan if they don’t reject you completely.
Home loan rates change quite often. This means we can’t name one specific bank. You need to carefully check each option as you search for the lowest interest rates. Check out above comparison dashboard to compare current rates.
You need to reach your loan’s lock-in period before you can even consider refinancing and you should only do so if you find a better rate. Make sure the new rate will reduce your total repayment amount.
Foreigners can indeed apply for home loans. Generally they can get loans for private properties but not HDB’s.
No, you can only use them when buying a new home.
Yes, you can get one to use with an apartment or landed property that is still being built. You can even get one before you start building at all.
SIBOR stands for Singapore Interbank Offered Rate. This rate is calculated through the interest rates of lending and borrowing throughout these banks.