Asked by Anonymous
Hi, I would like to ask regarding the 5% that need to be pay in cash if i took the bank loan. This 5% is the loan amount borrowed or the purchase hdb price that i going to buy?
Example:
Bank loan me $200K and i bought a hdb flat at a price of $400K. in this case i have to pay 5% in cash for $200K or $400K?
Thanks.
Example:
Bank loan me $200K and i bought a hdb flat at a price of $400K. in this case i have to pay 5% in cash for $200K or $400K?
Thanks.
817 views
Thanks for the prompt reply. May be you miss understood my question. Let me rephrase the question. I understand that bank loan will only give us 80% max loan and 5% need to be paid in cash and the rest can be paid by cpf.
Considering that i have enough cpf in my ordinary account + the $200K bank loan and buy a hdb flat. The 5% is base on bank loan or purchase price?
Regards,
thanks.