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Hi Guru,

I am a SC (35 yrs old) and currently working overseas. I am currently trying to secure a bank loan and will be looking to buy a HDB apartment for my parents to live in while i continue to work overseas indefinitely.

My questions are :

1) Am i eligible for a HDB loan if my annual gross income is above 100K P.A?

2) Is it normal practise to secure the AIP with either HDB or the bank before viewing the HDB flats?

Thank you for your time
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6 Answers

Hi, yes it is recommended that you do the IPA first before you even start any viewing so that you would know what is the maximum purchase price that you could go up to. Pls feel free to let me know if you need any banker’s contact or any other assistance.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Hi,

For singles purchase, to be eligible for HDB loan your monthly income cannot exceed 6k/mth. Hence you can only take bank loan. Yes it's best to get an indicative loan amount before commencing the house hunt. May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
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SMU BBM (Finance), Magna Cum Laude

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Hi

1) You are not eligible for a HDB loan as your income exceeds $6K. But you may apply for a bank loan.

2) It will be necessary to do an IPA as it will help you to commit to a home purchase confidently.

You may want to write to gavin.ng@orangetee.com if you need more information.

Regards

Gavin Read More
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Good evening,

Based on your case, you will not be eligible for HDB loan. We can get into contact with bankers to assess your loan eligibility for the purchase. If you are not able to return to SG for the paperwork, it might be good to obtain an POA to facilitate the purchase.

Do feel free to contact me should you require my assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA

Looking for an experienced agent with knowledge on sales and purchase of residential property in Singapore?
With more than 10 years experience on all S&P cases, along with knowledge related to:

1) Mental Capacity Act
2) Long Lasting Power of Attorney
3) Esate Planning and Distirbution
4) Divorce
5) Bankruptcy
6) Purchase of HDB after Retirement Age

You can be sure that your concern and doubt will be cleared. This would allow you to move forward in one of your life's most rewarding decision with ease of mind. Read More
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Hi,
Base on your income status, only bank loan is eligible. Please drop me an email for me to share the estimated loan quantum and recommend a good banker to you.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More
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Robbie Chen Chee Howe
Hi,

Based on your gross income, you are not eligible for HDB loan, hence you would need to take a loan from the bank instead. It would be good if you can speak to a banker first, before starting to view some flats.

Based on your income, I would like to propose an option which I think will serve you well. Do let me know if you're keen to explore this option.

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
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