Home Loans and mortgages in Singapore are confusing and it’s important that you compare and find the right housing loan for you! Here at Enjoy Compare we provide a free home loan comparison in Singapore and we don’t ask you to share any personal details upfront, it’s only if you ask for a quote or request help that we need basic personal details to contact you directly via our specially selected partner.
If you are interested in comparing home loans in Singapore, then review and compare Singapore mortgages and complete our free quote form to take your application to the next step.
You can compare by Mortgage Type, Building Type and by Banking Supplier. Are you looking to compare refinancing rates, new development rates or is your building under construction? This definition will affect the rate you pay and the minimum loan amount. What building are you looking to purchase? HDB, Commercial or Private Residential property? These definitions define the type of mortgage you can apply for and will affect the rates you pay in Singapore.
How do you find the right mortgage in Singapore? What mortgage type or rates are the best? At Enjoy Compare we can help you compare and find the right mortgage, with our free comparison of all mortgages available in Singapore. After comparing mortgages, you can contact us with more questions or to apply for the mortgage.
SIBOR refers to the Singapore Interbank Offered Rate, which is the daily reference rate banks offer to lend unsecured funds to other banks in Singapore.
Fixed rate Home Loans in Singapore refers to an interest rate that is fixed for a locked period. This is interesting if you wish to secure your repayments or if you believe a fixed rate is better than a floating rate in the future
Floating rate mortgages in Singapore refers to an interest rate that is flexible and will change with the SIBOR rate. In most cases mortgage providers structure the floating rate mortgages with a percentage on top of the SIBOR rate. Some Mortgages in Singapore have a lock in period that provides the benefit of a lower rate in exchange for securing your rate for a set period of time, in most cases 1-3 years.
If you are looking to buying a home for the first time, it may be one of your life’s greatest experiences. Buying a home in Singapore can be complex process, especially trying to understand the ins and outs of the mortgage process and the various home loans available in the market! Here at EnjoyCompare we recommend plain and simple planning and preparation will help you to pick an appropriate home loan package, but if you need support, then feel free to contact our team of home loan specialists.
Still not sure about home loan terminology, want to better understand mortgages in Singapore. Find out more information in our home loan guide and enjoy making an informed comparison of the best mortgage deals in Singapore.