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Hi,

It depends on the T&C of the bank loan offer. Some admin cost may be required but typically after 5 years its not a lot. If you intend to refinance with the same bank, they maybe able to waive the costs as well.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
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Good afternoon,

It will well depend on the agreement that you had with the bank.

Usually if there's no lock in period and as long as you serve the requirement notice period, you will not be penalised.

May I know how can I help you in your property needs?

- One of well-earned Star Performers under the category of Top Private Property Transactors in Jan 2017-

Warmest Regards,

YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
R043025D
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
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Hello!

Good day to you!
I’m Daniel Tan from Huttons.

Depending on the terms and condition of your loan agreement. However in most cases, after 5 years penalty will be very minimal. Further more, many banks will need you to have early notice period, therefore as long as you serve the period, you should not need to pay and penatly.

Any other queries?
Please always feel free to contact me for a non-obligated discussion on how I can assist you with your real estate needs.

Have a great day ahead.

Best Regards

Daniel Tan
Huttons Asia Pte Ltd
 (+65) 94775100 
daniel.tck@outlook.com Read More