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Good morning,

maybe speak to my banker and let him assess whether can both of you obtain a loan?

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

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Hi,

1) Honestly speaking both banks and the HDB are using the same financial assessment; MSR to determine your loan amount.
2) Maybe the private bank can offer a slightly higher amount but will not be significant.
3) Buying a house is usually a high financial commitment. MAS imposed this strict requirement to ensure no one is over-commit to purchasing a property.
4) I would think you might even be able to appeal for a higher loan amount from the HDB if you are able to show proof that you have sufficient saving to service the loan in the future.
5) The reason being using the HDB loan, your initial down payment is much lower (15%) than using the bank loan. This will definitely help in buying a bigger flat as long as the loan is able to stretch.

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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Dear sir/madam,

The basic assessment of home loan eligibility between bank and HDB is pretty similar, while it is good to get an assessment done by the bankers on your loan aspect, do also take note that the banks can only grant home loan up to 75% of the valuation while HDB grant home loan up to 90%, therefore the cash outlay can be the main choking point to many home buyers who are looking at bank loans because of the lower interest rates.

I have been in the real estate business since 2009, with more than 10years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com
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