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Hi Guru,
I've question regard about HDB loan.I am 30 years old right now...I intend to take 17 yrs loan term @2.6% interest rate for my new flat this year.But my question is Can i reschedule my loan term increase or decrease the loan years at next 5/6 years?if i can, what is the interest rate? Thanks all of expert in advance
Berry
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2 Answers

Catherine PANG
Replied
The S&P process needs careful and confident planning in financial, timeline and checklist especially HDB, CPF, bank and lawyer etc. Recently my client 'suddently' bought a dream condo while 'holding on' to a HDB flat. They needed the extra 'funds' for the condo. Hence, after a series of planning, discussion and deliberation, they finally decided to sell their HDB unit. Engage an agent if you expect a consistent S&P process. The stress relief effort is enormous and the commission is insignificant. Check this site: www.catherinepang.com Read More
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Mike Lim
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Evening Berry,

I would normally recommend my buyers to apply for longer loan quantum and choose to reduce it, down the repayment period.
It's much easier to reduce your loan period. But to extend it, the loan institute would need to assess your credit record and many other admin procedures.

FYI
Mike Lim
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