Asked by Tan
I used to have some bad credit history (not those really adverse like bankruptcy). However, I have since 2 years ago cleared all my liabilities with the bank and is now totally debt free. I would like to sell my 5 room flat and then use the proceeds to upgrade to a executive apartment due to bigger family unit. My monthly income is close to $7k and gross family income about $9k. Have been gainfully employed for last 14 years. I am not eligible for any hdb loan and so need to take up a bank loan. My question is:1) will there be any issues in getting a bank loan and 2) need some good advice on what is the best option for me. Been really looking forward to upgrade. Anyone can help.
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