Pelect 3 Report post Posted December 12, 2013 (edited) Out of curiosity, I did a comparison on the loan rates offered by some banks.I was surprised to find Maybank's flat rate has to be paid in advance.Hence comparing Maybank's 3.68% flat rate and RHB 3.68% flat rate, even though they are the same rates, the effective rate for Maybank is much higher.Note the above just looks at the numbers. One has to consider other factors as well, like convenience, existing bank customer, etc. Do note the numbers in the table above are as of current posting. The banks may revise them anytime.Links:http://info.maybank2u.com.sg/site_functions/rates_lending.aspx#renovationhttps://www.hsbc.com.sg/1/2/personal/loans/personal-loanhttp://www.ocbc.com.sg/personal-banking/Loans/renovation-loan.htmlhttp://www.rhb.com.sg/personal/loans/reno_loan.htmlhttp://www.dbs.com.sg/personal/homeloans/renovation-loan/default.page Edited December 12, 2013 by Pelect Share this post Link to post Share on other sites
Pelect 3 Report post Posted December 16, 2013 (edited) Please note also to read the terms and conditions before taking loan Edited December 17, 2013 by Pelect Share this post Link to post Share on other sites
ANDiLaLaLa 2 Report post Posted January 2, 2014 Hi Pelect,this is useful information...though the total $$ paid for a 1 year loan is not too far off from each other. i really hope i can get a good price selling my current flat so i dun have to take a loan for renovation for my next home. thanks! Share this post Link to post Share on other sites
Pelect 3 Report post Posted January 3, 2014 (edited) Hi Pelect,this is useful information...though the total $$ paid for a 1 year loan is not too far off from each other. i really hope i can get a good price selling my current flat so i dun have to take a loan for renovation for my next home. thanks! Yes the $$ difference for a 1 year loan is not that big in absolute terms and one has to consider other factors including terms and conditions to decide which bank to take loan from. If other factors are not important, I would take the lowest loan offered.I found a link which gives a better overall view on loan comparison.http://www.singaporerenovationloan.com/Regardless, best is not to take any loan if possible as even the lowest rate is still very high. Edited January 3, 2014 by Pelect Share this post Link to post Share on other sites
Haze 2 Report post Posted February 6, 2014 For RHB bank enquiries, email to haze.tan@rhbgroup.com Share this post Link to post Share on other sites
