AskGuru Q&A Community

Hi Alvin,

Of course your parents can buy and take a bank loan. however due to their age and no income, the loan approved shall be very very minimal. You may need to consider yourself to be the one taking the bank loan and you need to be part of ownership of the apartment.

However, if you need a clearer indication to how much or whether your parents would be approved to a loan amount, you can contact myself for few close bankers i worked with. Also, even if approved luckily, there is also few local CPF and housing regulations which an owner needs to take note of.

Let me know.

Cheers,
Brandon -ERA Marketing Director
HP: 8233 23 23
Email: aw.brandon@gmail.com Read More

Hi

Are you looking to sell/buy or rent out your property?

I will be glad to assist
I am well versed in HDB and Private Property transaction and have done many transactions
Appreciate if you can contact me at (65) 9 6 6 0 8 5 0 8 with details of your unit
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9 6 6 0 8 5 0 8
Email: Silviayang8@gmail.com Read More