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Hi there,pls bear with me with my enquiries, am 52Yrs old and my foreign spouse is 33Yrs old and she is currently on a LTVP, awaiting for he PR Application results, she has her son of 13 Yrs old from her previous marriage who is studying here on a Student pass. I'm currently an co-owner of a 4room HDB resale flat bought together with my ex and am awaiting for the court order to sell the house in the open market, I do not have outstanding mortgage loans. I would have an estimate of 135000 dollars in my CPF Ordinary Ac. I have previously taken two HDB Loans, and am a ex-bankruptcy, got discharge last year June. Tried applying for a Bank Loan for HDB but was turn down. My question would be, can I appeal for another HDB Loan of 280000 to purchase a 4 Room flat? If I can, approximately how much can I loan and what are the cost involved. My income per annum is about 45000, thank you for your time.
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3 Answers

Wilson Leong
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You need to seek MP help. But is likely your case will be rejected. As you already got 2 HDB loan before. How many direct HDB flat you got? If not you should try to apply 2 rm or 3rm HDB flat and you should be able to fully paid with your CPF. You should rent at the mean time. I think your case for Bank loan is high likely no go as bank is very wary of Ex- bankruptcy people. You really got to wait for quite awhile before you can get a loan from bank. Read More
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Wilson Leong
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If I able to loan you half of the amount is it ok with you. If yes let me know Read More
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  • BS
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    Hi and thank you for your prompt response you were saying you could be able to loan me half how much and how is it gonna be?
Jessica Siow
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Hi, as we all know, the recent MAS rulings have further tighten the eligibility to loan, you are not alone in this. To speed up your eligibility to take loan in the future, you may consider reestablishing your credit history, read more on this link : http://www.propertyguru.com.sg/lifestyle/article/2/mortgage-loan-after-bankruptcy Meanwhile, you may calculate the estimated cash proceeds from the sale of HDB that you will be getting to buy something that you're comfortable with in cash. I'm reachable at 91264595  to help you in planning and calculating the numbers & figures, selling your existing HDB once the court order is granted, and buying another flat from the proceeds of sale. Read More
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