AskGuru Q&A Community

Morning Jeremy,

If you are taking HDB housing grant, it means that you are eligible for HDB loan. With HDB loan, you are only required to pay 10% deposit, which can be fully paid by CPF.

If you are taking bank loan, you are not eligible for the grant. And as per you have stated: 5% is cash and remaining 15% in CPF / Cash / CPF + Cash.

Regards
Mike Lim
 96929209 
ERA Read More

Hi Jeremy,

I assume you are taking a bank loan.

Assuming you qualify for 80% loan, the first 5% must be in cash. The remaining 15% can be in cash/CPF/housing grant.

I am quite familiar with the Jurong West area. Pls contact me at 98628691  for viewing arrangement.

Thanks,
Ander ERA Read More

You need to understand and be clear of the process. www.catherinepang.com Read More

Hi Jeremy,

First of all, congrats to you and your fiancee for the planning for your first matrimonial home.

From the figures that you have posted, you should be talking about a bank loan. IF you are taking a bank loan then the CPF housing grant will not be applicable to you. If both of you are Singaporeans, then maybe you can consider HDB loan to enjoy the CPF housing grant. It will definitely ease off the initial financial burden.

I have a team of agents working with me and I have an agent active in Jurong area. Maybe you can drop me a call or a sms and we can discuss your requirements in greater detail and we can see how can we help you with the purchase of your property.

Looking forward to your call or sms. Thanks.

Best Regards,

Jeffrey Heng
Associate Team Director
HSR International Realtors Pte Ltd
Mobile : 9858 1322 
Email : hengjeffrey@gmail.com
Website : www.jeffreyheng.com Read More