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I’m 30 this year and currently looking in buying a one bedder condo probably in the northern part of SG. With a basic income of $2.7k and annual income of $55k, how much can I Loan from the bank based on my pay?
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5 Answers

Assuming you have no other financial commitments, based on your monthly income, the estimated range you are able to loan is around $400k, but it is best to speak to a banker to get an in principle approval done.

Take note that for private properties purchase, you will need at least 5% cash of the purchase price as well as miscellaneous fees for conveyancing and etc. Balance 15% can be paid by CPF if you have sufficient funds in the account. Any shortfalls will be topped up using cash.

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Hi Sir/Madam

I will be glad to connect you to reputable bankers to check your loan eligibility
Please contact me at (65) 96608508  or Silviayang8@gmail.com
Thank you.

Warmest regards,

Silvia Yang Read More
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Hi. Your loan will be in the range about 400K. Please reach me via 91442664  for a detailed check and discussion.

Tricia Tan 91442664  Read More
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Hi,

Since you are purchasing a private property, your loan is calculated based on TDSR.

Due to unable to determine the breakdown of annual income of $55K, below is the estimated value:
(1) Property loan amt = $519,000
(2) Loan tenor = 30 years

Also assume you have no other commitment such as credit card debt, car loan etc.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com

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