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In the resale portal, under step 3 [choose mode of finance] i have already submitted HDB loan. Can i still switch to bank loan when i submit resale application?
Or do i have to proceed with HDB loan?
When can i then switch to bank loan? 3 months after paying for HDB loan?
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1 Answer

Hi,

1) You may change your loan from the HDB to the private but not vice versa. This is something you must be aware of.
2) Under the HDB loan, your minimum downpayment for the purchase is 10%, however, if you switch to the bank, your minimum downpayment will be 25%, out of this 25%, 5% must be in cash.
3) Since you already submit your resale application. I would suggest you send your request to the HDB and seek advice from them:
https://services2.hdb.gov.sg/webapp/BF12AWFeedback/BF12SFrontController?service=ServiceFeedback&operation=createFeedback#

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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