CIMB Singapore customers protest mortgage hike

Uploaded By:  Frances Gagua Submitted By:  Staff Reporter Case Study:  No More than 60 customers now comprise the group. A group of CIMB Singapore’s mortgage customers has banded together to protest the lender’s decision to raise its floor rate threefold amidst the pandemic. In their recently-launched website HonestMortgage.sg, the group questioned whether any bank in Singapore has the right to raise rates as they please, and also expressed frustration on the lack of progress on their correspondence with the lender. read more