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Hi Guru,

My friend & I (both Singaporeans) intend to buy a private property together. We do not own any other properties currently.

Are we able to pay 5% cash + 15% use both our CPF, and the balance take up bank loan for such joint-tenancy?

Thank you for the help :D
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1 Answer

Mike Lim
Replied
Morning DL,

Technically, you are eligible to get 80% loan, where 5% cash and 15% CPF are payable as deposit. However, such statement only apply if your credit and income status are good and that you have enough CPF for the 15%.

FYI
Mike Lim
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