3 Answers

Hi,

Assuming you can max loan component,
For bank loan, there is a minimum 5% cash component. For HDB, you can use CPF fully for 10% downpayment, if sufficient cpf.

It is ideal if you engage an agent to assist with the process who can ensure a professional job and hassle free process. Thanks and hope to discuss further.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
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Dear Sir/Mdm,

For bank loan, the maximum is 80% of valuation or purchase price whichever is lower. The balance 20% will consist of 5% cash and 15% CPF (or cash if CPF is insufficient).

For HDB Loan, the maximum is 90% of valuation or purchase price whichever is lower. The balance 10% can be payable by CPF (or cash if CPF is insufficient).

Cash Over Valuation (COV) will need to be paid by cash.

Please feel free to contact me if you need more advice.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nicktan@propertyavenue.com.sg
(W) www.nick-tan.com / www.propertyavenue.com.sg

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Susana (Buyer of HDB) Read More
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Hi

Yes.

Bank - 80% loan, 5% CASH, 15% CPF and/or CASH
HDB - 90% loan, 10% CPF / Cash.

Let me if I can assist you!

Regards,
Yvonne Low
 96166604 
y.lowps@gmail.com
Associate Team Director
PropNex Realty Pte Ltd
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