Asked by Mrsngpk
I've an existing HDB Loan and is looking for bank to finance me 80% loan for my Executive condo currently under construction. I've pay the 5% and sign the OTP few days back. S & P not yet. I've also signed the undertaking letter stating i have to sell my current HDB 6 mths from TOP of my EC. Asked bankers from different banks. DBS told me i can get 80% loan if i opt for deferred payment scheme. UOB told me i can get 80% loan is if i opt for normal progressive payment, provided that i've sign the undertaking to sell existing HDB prior to new EC TOP. 1) Do i have to opt for deferred payment scheme in order to get 80% loan?2) Can i opt for Normal progressive payment scheme and also get 80% loan at the same time?
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