AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
I am looking to buy a private property and wish to loan a 80%. However can I first buy a pte property before selling my HDB with an existing loan? I understand that with an existing loan, I will only be granted 60%. But that is not my intention. Is there any ways for me to buy pte property first, be granted 80% bank loan, and then apply for certain permit to allow me a certain deadline to sell away HDB at a later date?No matter what I need a 80% loan. any advise? cos I have seen a pte property and would like to buy it immediately before its gone
0 •
806 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

1 Answer

Ander Ang
Replied
Hi Walter,

No you need to sell your HDB first before you are eligible for 80% loan. At least you need to show the bank the exercised OTP of your hdb flat then you will be able to get 80% loan.

Thanks.
Ander DTZ
 98628691  Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions