2 Answers

Geryl Lim
Dear JY,

With your query, I would suggest to let a professional banker to advise you to better understand your situation.

Should you need assistance, you can always contact me through my mobile at 81577565.

A quick reference guide on the monthly instalments calculator can be found at the following link:


Hope this can be of little assistance to you.

Geryl LIM (+65-81577565)
Senior District Consultant
ECG Property Pte Ltd
Johnny Goh Mui Huat
Hi JY,

Based on your calculation, I presume that your current 4 room flat was fully paid. If not, your calculation will not be accurate.

Based on age 38, the maximum loan term would be 32 years.

Regard to your monthly installment, it depend on the bank interest rate. Currently, the interest rate for most banks is below 2% for the 1st 2 years, and floating rate thereafter.

Below is just an estimated guide. For exact figure, please check with bank.

Loan Interest Rate Monthly Installment
$370K 1.75% $1,260
2.5% $1,400
3.5% $1,605
$300k 1.75% $1,020
2.5% $1,135
3.5% $1,300

Hope you find the answer useful.

I was very active in Bedok for the past 2 years.

Feel free to contact me if you required any assistance.

Thanks and Regards
Johnny Goh
Dennis Wee Realty Pte Ltd
Mobile: 90906267
Email: johnnygohmh@dwg.com.sg
Website: johnnygohproperty.com