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Asked by Paris 8 Jul 2012

If singaporean wants to buy a new condo. currently staying in hdb.how much bank loan can he get.assuming this as second bank loan. how much cash/cpf must he pay for this new condo?

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Mike Lim · Answer 1 · 2012-07-08T21:31:31+08:00

Mike Lim

Replied 8 Jul 2012

Evening,

If your HDB is still under mortgage loan, you can only get max of 60% loan which is dependent on your credit record and income status. How much cash you require will depend on how much CPF can be used, due to minimum CPF sum, your loan amount and the size and location of the unit which you are looking at.

Do feel free to contact me if you require further assistance.

Regards
Mike Lim
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