Asked by Anonymous
downpayment for resale flat
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1 Answer
Morning,
Depending on whether you are taking bank or HDB loan, your deposit and payment mode is different.
HDB loan: with HLE, HDB will loan you up to 90% of valuation price after using up your CPF OA (plus cash, if you do not have enough for the 10%) This amount is deducted after HDB first appointment.
Bank Loan: with Option, bank will grant max of 80% loan - 5% must be cash and remain 15% to be in cash / cash + CPF / CPF. Payment are to be made 21 days before HDB completion.
FYI
Mike Lim
96929209
ERA Read More
Depending on whether you are taking bank or HDB loan, your deposit and payment mode is different.
HDB loan: with HLE, HDB will loan you up to 90% of valuation price after using up your CPF OA (plus cash, if you do not have enough for the 10%) This amount is deducted after HDB first appointment.
Bank Loan: with Option, bank will grant max of 80% loan - 5% must be cash and remain 15% to be in cash / cash + CPF / CPF. Payment are to be made 21 days before HDB completion.
FYI
Mike Lim
96929209
ERA Read More