Asked by Allan
Hi
For buying HDB,if the available loan amount is $200k,then 20% of it to be in cpf/cash. In the case of bank loan, 5% must be in cash right?
The question is: If my CPF has $150k and I want to use it all, then my loan amount is $50k. Then how is the 5% cash part computed? 5% of $50k or still 5% of $200k?
(Assuming no COV).
Thank you.
For buying HDB,if the available loan amount is $200k,then 20% of it to be in cpf/cash. In the case of bank loan, 5% must be in cash right?
The question is: If my CPF has $150k and I want to use it all, then my loan amount is $50k. Then how is the 5% cash part computed? 5% of $50k or still 5% of $200k?
(Assuming no COV).
Thank you.
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