Asked by Mrs. kousi babu
what is a eligibility to get bank loan for PRs to buy private property?
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4 Answers
Hi,
It's typically based on income stream and under the new TDSR framework, one should not be using more than 60% income for servicing of loan.
Just to give an example, assuming someone 40 years of age and earning $5,000 per month, the max loan he/she is eligible would be close to $600K assuming there's no other liabilities e.g. car loan, credit card debts etc.
Best regards,
Jeron Lee
Mobile: +65-90015060
Email: jeronlee@gmail.com
PropNex Powerful Negotiators Read More
It's typically based on income stream and under the new TDSR framework, one should not be using more than 60% income for servicing of loan.
Just to give an example, assuming someone 40 years of age and earning $5,000 per month, the max loan he/she is eligible would be close to $600K assuming there's no other liabilities e.g. car loan, credit card debts etc.
Best regards,
Jeron Lee
Mobile: +65-90015060
Email: jeronlee@gmail.com
PropNex Powerful Negotiators Read More
Hi Mrs. kousi
That would depend on your income earning and the max loan you could borrow from the bank will be up to 80%.
Pls feel free to let me know if you need any banker's contact to apply for loan eligibility or simply to ask them with regards to loan issue.
Regards
Aaron
9730 8455
aaronchong2774@yahoo.com.sg Read More
That would depend on your income earning and the max loan you could borrow from the bank will be up to 80%.
Pls feel free to let me know if you need any banker's contact to apply for loan eligibility or simply to ask them with regards to loan issue.
Regards
Aaron
9730 8455
aaronchong2774@yahoo.com.sg Read More
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KBMrs. kousi babuRepliedwhat are the documents need to be supplied to the bank to know the eligibilty?
Eligibility to get bank loan depends on your earning capabilities, age and existing loans. It is usually independent on your nationality. Feel free to contact me at 81824811
, I will get a banker from your preferred choice to contact you within 30 mins. Thanks.
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Hi
Usually it would be 80% of the purchase price of the property, assuming you have no outstanding housing loan. However, would have to get more details from you in order to determine the loan amount. Can meet you up to discuss. :)
Do contact me at
Jolie 96899882 Read More
Usually it would be 80% of the purchase price of the property, assuming you have no outstanding housing loan. However, would have to get more details from you in order to determine the loan amount. Can meet you up to discuss. :)
Do contact me at
Jolie 96899882 Read More