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Hi Gurus,

I am interested to buy a condo which the price is around $700.000.
currently im 28y/o and i have cash including cpf around $250.000 and my salary is $42000/yearly
do you think i am able to get loan which is $450.000 with my current salary?

Thanks
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2 Answers

Dear Michael,

As your question here is more pertaining to the financial profiling for your intended purchase, it is highly recommended to speak to a banker instead of a salesperson as they are the professionals in this segment to provide advises to be more precise. As much as we wish to assist you in this matter, we also do not wish to present you information which maybe incorrect and mislead you into making misinformed decision.

If you need a banker to speak to, I can probably arrange for 2 or 3 different bankers to speak to you for more opinions.

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Hi Micheal, your estimated loan quantum is around 550K if you do not serve any other debt or credit card. Please take note of all cost involved the 20%(down payment) + 8%(stamp duty + ABSD) + legal fee. Please drop me an email for me to share the details cost break down with purchase procedures. I will assist you to get the IPA from bank too.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More
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