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2 Answers

Ander Ang
Replied
Hi Janet,

Based on HDB current regulation, you are not allowed to refinance from bank loan to HDB loan.

Bank interest rates vary from 1% to 1.5%, depending on fixed/Sibor/variable and lock-in period. Most banks provide competitive rates.

Let me know if you want to do approval-in-principle. I can ask my bankers to assist you.

Thanks,
Ander ERA
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Mike Lim
Replied
Evening Janet,

With the current ruling, if you choose bank loan as your mode of financing, you can only refinance with mortgage loan from bank, after the lock-in period.
As of now, I believe SBI have the lowest interest rate, for the first year.

FYI.
Mike Lim
 96929209 
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