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Intend to upgrade from my EA HDB to either landed or condo. I am 49 and my wife is 44 years of age this year. What is the maximum loan term can a bank offer? Our combine annual income is approx. S$180K.
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3 Answers

Jasmine Lim 林慧晶
Good Day Mr Omar Anuar,

Usually banks will loan till age 65.

If you are enquiring about loan amount, it will depend on your current financial commitments, different banks will have different loan amounts / tenure for you and your spouse.

Should you be considering upgrading to private / landed properties, it is always advisable to do a IPA (In-Principle Approval) with the banks first, so you have an idea how long / much the banks are willing to loan to you.

Cheers,
Adrian Tay HSR
 81383865 
adrian@sgproperty.asia Read More
1
  • OA
    Have you heard of any banks giving loan till age more than 65 and securing 90% loan?
  • OA
    If that's the case, based on my wife's age, we'll be able to only get 20 years maximum loan. Which means if we were to take a big loan amount say 700K, the monthly installment will be quite hefty.
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------------------

"If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at: ABLE Toh>>9856 9255 or through this link.:https://wa.me/6598569255

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份) :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (+65)>>9856 9255>> or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT :)

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The End XXXXXXX Read More
1

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