Asked by Mr. Stephen Cheong
Anyone can advise on HDB loan Vs Bank loan? Thanks
395 views
3 Answers
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
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
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
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
Hi,
Re: Today’s SG Professional Choice- SGAgent.com & SGRealtor.com
HDB loan only applicable for SC. Whereby Bank loan for everyone, and not much deferment payment will be entertained by bank VS HDB.
I am contactable at 92222389 or onassis@sgagent.com / sgrealtor.com
In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.
Onassis Gan | R021244C | Today’s SG Professional l SGAgent.com & SGRealtor.com
EXPERIENCED. PROACTIVE. SINCERITY. FEEDBACK ACTA (Full); PDCE (Singapore); MSc BIT(Middlesex); BBA (South Australia)
Featured Realtor Services recognition by SGReview.com and SGBride.com
Singapore Line : (+65) 92222389
Malaysia Line: (+60) 111-0788889
Email: onassis@sgagent.com / sgrealtor.com
Skype: incomecare
Strictly by Appointment for New Launch Genuine Buyers Only - NewLaunchDeals.com
Our Clients' Success Is Our Success
“Clients’ always at ease putting their properties with us”
Our SG Realtor Services Youtube
Commercial - https://www.youtube.com/watch?v=brxduV0p85o
Residential - https://www.youtube.com/watch?v=eoMGp5nmSuI
Singapore Professional Networks “SGProfessional.com”- I pledge myself to maintain honesty and uphold integrity, to pursue my profession and education so that I may provide my clients with outstanding services. Read More
Re: Today’s SG Professional Choice- SGAgent.com & SGRealtor.com
HDB loan only applicable for SC. Whereby Bank loan for everyone, and not much deferment payment will be entertained by bank VS HDB.
I am contactable at 92222389 or onassis@sgagent.com / sgrealtor.com
In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.
Onassis Gan | R021244C | Today’s SG Professional l SGAgent.com & SGRealtor.com
EXPERIENCED. PROACTIVE. SINCERITY. FEEDBACK ACTA (Full); PDCE (Singapore); MSc BIT(Middlesex); BBA (South Australia)
Featured Realtor Services recognition by SGReview.com and SGBride.com
Singapore Line : (+65) 92222389
Malaysia Line: (+60) 111-0788889
Email: onassis@sgagent.com / sgrealtor.com
Skype: incomecare
Strictly by Appointment for New Launch Genuine Buyers Only - NewLaunchDeals.com
Our Clients' Success Is Our Success
“Clients’ always at ease putting their properties with us”
Our SG Realtor Services Youtube
Commercial - https://www.youtube.com/watch?v=brxduV0p85o
Residential - https://www.youtube.com/watch?v=eoMGp5nmSuI
Singapore Professional Networks “SGProfessional.com”- I pledge myself to maintain honesty and uphold integrity, to pursue my profession and education so that I may provide my clients with outstanding services. Read More