Home loan for Malaysia property
Singapore banks started offering housing loans for Malaysia properties in 2013. It’s a response to the increasing demand of landed homes and apartments in Malaysia especially Kuala Lumpur, Penang and Iskandar.
These mortgages are applicable to Malaysia residential homes. They are offered in Singapore dollar financing, with lower interest rates than the home loans in Malaysia. Banks in Malaysia pegged their loans previously to Base Lending Rate (BLR) however it was changed to Base Rate (BR) in 2015.
Overview of Loan terms
Lower rates than Malaysia BR or BLR housing loan rates
Financing is available in Singapore dollars
Available to Singaporean, Singapore permanent residents and foreigners working in Singapore.