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I'm 36 years old single and wanted to buy a resale HDB flat unit in a mature town. The unit cost 270K(excluding 15k single's grant). My HLE loan limit is 257k. Since the flat unit is in a mature town with about 53 year lease left, the maximum CPF loan amount that I can use is 150k(I've checked through CPF loan calculator). Can I use a bank loan for the remaining amount at the same time through cash?
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1 Answer

Mike Lim
Replied
Afternoon,

You are only allowed to choose either bank loan or HDB loan for the mortgage. With the amount of CPF that you are eligible for and the amount of HDB loan you are getting is sufficient for you to purchase the resale unit at $270k. Are you looking at bank loan instead?

Do feel free to contact me should you require additional assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
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