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Hi Mr John,

Since both of you are PR, you are not eligible for HDB loan, thus only bank loan is available under this circumstance.

Max Bank loan is 80%, dependent on your income whether you are able to receive max loan. The payment structure under bank loan is such:
5% = cash only
15% = cash +/or CPF
80% loan

1) Cash component needed for value $350k is $24.322k, (inclusive of 5% downpayment needed)
CPF needed is $75.536K, this is due to 5% ABSD incurred. I assume all BSD & ABSD can be paid using CPF.

2) Like explain under my intro, maximum loan from bank is 80% only.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com

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Good afternoon John,

Based on $350k:

5% cash: $17.5k (loan from family/ relatives/ friends if there's a shortfall. unable to loan)
15% cpf/ cash:$52.5k
stamp duties:$5,200 (cash/ cpf)
ABSD: $17,500 (cash/ cpf)
80% loan: $280k
valuation: $200 (cash)
legal fee: $2500 (cash/ cpf)

Based on your combined income and both of you are below 35 years old, you should be able to loan up to $360k (max 80%).

Hope my sharing is beneficial. May I know how can I value add further in your property needs?

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

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