2 Answers

Robbie Chen Chee Howe
Hi Stephen,

HDB loan is only applicable for HDB purchase, whereas Bank Loan can be for both HDB and private properties.

HDB Loan, you can loan up to max 90% of the purchase price (or valuation price, whichever is higher). Downpayment in this case is 10% (less deposit), and can be paid from CPF-OA.

For Bank Loan, max loan is 80%, out of which 5% of the 20% downpayment must be in form of cash. The balance 15% can be from CPF-OA.

Interest rates wise, Bank Loan is now more attractive at below 2%, whereas HDB Loan is set at 2.6% currently.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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Hi Stephen,

It boils down to how much cash/cpf downpayment you're willing to commit, and the interest rate you're comfortable with.

Feel free to contact me at your convenience, and we can discuss from there.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602  Read More
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