4 Answers

askguru expert
Hi Wendy Cheok, thanks for writing to us on AskGuru.

You should apply for a Letter of Offer before signing your Option to Purchase form. Take some time to shop for the best deals from the various banks. Right now, the interest rates are very competitive and attractive. If you are unsure which ones to go for, our PropertyGuru Finance link here (https://www.propertyguru.com.sg/mortgage/contact) will be able to assist you. You will need a copy of your NRIC, your most recent payslips (3 months), your most recent Notice of Assessment (2 years) and your latest CPF Ordinary Account Statement. For more information on housing loans, you may refer to our link here: https://www.propertyguru.com.sg/property-guides/a-beginners-guide-to-mortgage-loans-2813 

Hope this answers your question.

Best Regards,

Team PropertyGuru Read More


Ander Ang
Hi Wendy,

All the banks are now giving competitive rates. I am able to connect you to bankers from UOB, OCBC, Standchart, etc.

Please call me at 96836230. I will be able to advise further.

Ander ERA Read More


Chiok Raymond
Hi Wendy,

As to your question, it depends if you prefer fixed or variable interest rate. 2nd question: If you are buying HDB, your bank will also require valuation report. I can connect you to the major banks as well as one stop broking house representing all the bank rates. The latter option free up your time talking to various banks at the same time, you are rest assured getting the same bank rate when you approach the counter yourself.

Call me at 82010333 and I will be able to advise you more in depth.

Raymond Chiok
Asst Associate Manager
Orangetee.com Pte Ltd Read More


Lyna Song
Hi Ms Cheok;

Yes,you can apply In-Principal Approval from various banks to compare the rates.The documents needed will be your payslip / income tax contribution history / IR8E form.

Currently the interest rates are very competitive,most of the bank's loan interest rates are about the same.I usually recommend my clients to take local banks ie OCBC,UOB,DBS..Please feel free if you need any assistance with the loans as I have a few bankers that I work closely with that can give you the approval within 2-3working days.Thanks

Lyna from ERA
www.lynasong.myweb.sg Read More