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Hi Gurus, Im a PR and applying for SC. We are planning to buy an HDB soon. But some friends are recommending to wait for my SC result so I can go for HDB Loan. But from the guidelines, it says should not exceed 8K for household income. Since both of us are working, it will definitely exceed 8K but my wife planning to resign, if that happens our income will be within the range.. Will that make me eligible to go for HDB Loan if she resigns? Or is there any guidelines on this? If that will not make any difference then we might just as well go for bank loan as we are paying quite a high rental now. Please help and advise. Thanks.
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1 Answer

Alvin Tang
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hi hunter,

You are not eligible for HDB Housing loan even you are a SC and your wife resign now.

HDB require applicants to submit CPF contribution history for the past 15 months.

Anyway bank loan interest rate are currently at an attractive rate.
i can get a bank to draft out a financial plan for you to consider before you start to make any move.

regards,
Alvin Tang
H/P: 8383 5277  / 9146 4333  Read More
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