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I was supposed to pay a 20% downpayment (5% cash and 15%cpf) with 80% bank loan. However if the bank was to only offer me the loan at 73%, then how do I make up for the 7% shortfall? Using cash, cpf or mixture of both?
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3 Answers

YT Tan (陈永达)
Replied
Good morning Jacqueline,

You can make up the shortfall with either cash, CPF OA funds or both.

Hope it helps!

If you need any assistance in your property purchase, feel free to contact me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
District Director
ECG Property Pte Ltd
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More
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Ivan Ng
Replied
Hi,

It will be a mixture of both. May I know which project are you considering? Will be glad to share with you the pros and cons of the project's potential. Thanks and hope to speak soon.

Warm regards,
Ivan ERA
 97432395 
ivanng10@gmail.com
www.ivanng10.com Read More
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Rix Jim
Replied
Hi Mrs Chen,
You may not be aware that there are ways to get the bank to increase the loan amt to you. let me share these ways with you as well as some projects and financial insight with you.
Rix Jim
 9687 1379 
rix.jim@hotmail.com Read More
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