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Home Financing

Asked by Mr. Casey L 24 Sept 2013

May I know as of today, what is the maximum home loan able to get for Singaporean first time buyer for private property and HDB?

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Mike Lim · Answer 1 · 2013-09-24T09:54:28+08:00

Mike Lim

Replied 24 Sept 2013

Morning Casey,

If it's the first property, you can get 90% loan if you are getting HDB loan for the purchase of HDB. If you are getting bank loan, max is 80%. IF you are referring to second property holding, you will only be entitled to max of 50% loan. All the above stated are subjected to credit assessment, income status and your age of application, with loan period not exceeding 30 years or 65 years of age.

FYI
Mike Lim
96929209
m52i@yahoo.com
ERA Read More

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Aaron Chong · Answer 2 · 2013-09-24T10:45:27+08:00

Aaron Chong

Replied 24 Sept 2013

Hi Mr. Casey

Pls see below:

1) Purchase of HDB using HDB loan = 90%
2) Purchase of HDB using bank loan = 80%
3) Purchase of private property using bank loan = 80%

Pls kindly take note that for PR purchasing HDB, you are not eligible for HDB loan. Therefore you could only apply thru the bank.

Pls feel free to let me know if you need any assistance.

Regards
Aaron
9730 8455
aaronchong2774@yahoo.com.sg Read More

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