2 Answers

Silas Tan 陈敬良
Hello! If your age is 40 years old and below, the maximum loan tenure 25 years.

For HLE Loan, with an income of $3,000, you should qualify for an estimate of $198,000 from HDB.

Adding your CPF OA of $40,000, thus far your eligibility is est $238,000. This is excluding your cash savings and grants (if any) if you are eligible. :)

Best Regards,
Silas Tan
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Dear sir,

Thank you for your question. May I know your age in order to estimate the loan you are eligible for? In addition, given that you are taking up HDB loan where your maximum loan value is 85%, your $40,000 CPF funds available will be required to cover the 15% downpayment as well as normal buyer stamp duty, therefore assuming that you are using minimal cash for the purchase, your maximum purchase price can only be around $222,000 range. The purchase price can increase if we factor in your eligible housing grant as well as any cash component that you may have.

Hope the above helps!

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