Rent-to-Own Mortgage Scheme
An innovative approach to home ownership, where your monthly rent goes towards the repayment of the mortgage on the property – you are effectively buying your desired home whilst being a tenant in it. Each payment brings you closer to full ownership.
Benefits
Start your journey without the burden of huge upfront payments.
Transform monthly rental payments into long-term investment
Every payment brings you closer to owning your home.
Your regular rent forms part of your payment towards equity in your home.
FAQs
A Rent-to-Own Mortgage allows you to move into a property owned by the bank while paying monthly installments that gradually lead to full ownership. Instead of paying traditional rent, your payments contribute toward owning the home.
You can access up to 90% of the property’s cost as financing. You only need to provide a minimum of 10% equity upfront.
No traditional interest rate applies. The interest component is already embedded in the property price, making payments simple and predictable. A 1% flat management fee applies.
The repayment tenor is up to 7 years, depending on your age and retirement horizon. Monthly instalments are amortized and fixed throughout the repayment period.
No. Payments are fixed/structured, meaning your monthly instalments remain predictable throughout the tenor, protecting you from inflation or rising housing costs.
Title transfer occurs after the final payment is made. Once all instalments are completed, full ownership of the property is transferred to you.
Unlike traditional rent, every payment in this scheme builds your equity and moves you closer to ownership. You enjoy the home immediately while paying for a future you will fully own.
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