Asked by Anonymous
Hi,
Currently have a 5 room flat which is going to MOP next month.
Understand that to buy an EC, we need 15% (cpf), 5% (cash) and 3% stamp fees minus a few thousands (either from cpf or cash). Let's say my cpf is lacking probably abt probably 20k to 30k, can i loan it from bank cash to up? Is there a rule stating we cant borrow from bank for the cash component including the 5 percent. We have a household income of about 11k per month. Just want to explore the possibility. Thanks
Currently have a 5 room flat which is going to MOP next month.
Understand that to buy an EC, we need 15% (cpf), 5% (cash) and 3% stamp fees minus a few thousands (either from cpf or cash). Let's say my cpf is lacking probably abt probably 20k to 30k, can i loan it from bank cash to up? Is there a rule stating we cant borrow from bank for the cash component including the 5 percent. We have a household income of about 11k per month. Just want to explore the possibility. Thanks
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