Thursday, December 13, 2012

Getting ready with Financing

GETTING READY WITH FINANCING

HLE valid HDB Loan Eligibility (HLE) letter
Eligibility for getting HDB Concessionary Loan 1st Jan 2003
or get a Letter of Offer from the bank
before they exercise the Option to Purchase.

Initial Payment :

2013 01 11

ANNEX I         ABSD Measures
ANNEX II        Housing Loan Measures
ANNEX III       Public Housing Measures
ANNEX IV       Use of CPF and HDB Loan

HDB FINANCE



2012 Oct 6th

HDB Concessionary Loan

If you are eligible for a loan ceiling of 80%, you will have to pay the initial payment of
  • Initial Payment 5 % of valuation price in cash
  • balance 15% using CPF savings, CPF Housing Grant or cash

If you are eligible for a loan ceiling of 60% or 40%, you will have to pay the initial payment of
  • 10% in cash
  • balance using using CPF savings, CPF Housing Grant or cash
Private Bank Loan

http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/BuyResaleFlatHousingLoanfromBank?OpenDocument#TOC83094_8

The maximum tenure of all new residential property loans will be capped at 35 years




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