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With gross monthly income of 3500,saving of 700k and 53 old.Is it possible to get bank loan of 300K for a 1 Mil new condo(existing flat fully paid)?Is is true that bank caps loan at 30% of gross income?Thanks.
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2 Answers

Geryl Lim
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Dear Anthony,

In my opinion, the easiest and most straightforward way out to address your enquiry is to speak to the banker. They are in the best position to advise in terms of financial enquiry.

Regards,

Geryl LIM
Senior District Manager/Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com
ECG Property Pte Ltd (L3009759F)
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Catherine PANG
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