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Hi, I am a 34 years old SG citizen. I am single and will want to buy a 5-rm resale HDB flat in 4 mths time when I am 35, so I am scouting around and trying to determine how much loan I can get. My montly income is $5000 x 12 currently and on a contract job. I am just being offered a perm job of $4500 x 12 + AWS + Variable bonuses and due to the new HDB loan ruling on 26-Aug-13, I am in a dilema if I want to take up this new perm job as I realise I will have less 100k to borrow for HDB Loan.

I am incline to take up the perm position, 4.5k. And I think I will need at least 350k loan if I were to buy a resale 5-rm HDB flat in Woodlands. I do not have any outstanding loan and is debt free. Base on HDB Loan calculator on HDB website, I can get 297k loan only. So my question is am I able to get bank loan of 350k?
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4 Answers

Agnes Tan
Replied
Dear Mr John,

Good day to you!

Regard to your enquiry, we will need a professional home loan banker to assist with your needed document to access and check with your indicative home loan amount.

If you do need any further assistance and enquiries, please do not hesitate to contact me.

Many thanks
Agnes Tan
ERA
 9029 4911  Read More
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Angela Chua 蔡斯淇
Replied
Hi John,

I would advise you to submit the HLE so that you will know what is the actual loan you are eligible. From there, you are able to plan your purchase accordingly.

Feel free to contact me if you have further queries.

Thank you.

Angela Chua
OrangeTee.com Pte Ltd
H/P: 9323 3330  Read More
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Mike Lim
Replied
Evening John,

As first time HDB buyer, you are entitled to $15k grant if you are taking HDB loan. You will only be required to pay 10% downpayment which is payable via CPF.
If you are getting 80% bank loan, you will be required to pay 5% downpayment with cash and 15% downpayment with CPF.
Without knowing how much CPF and cash you have at hand, it's really hard to advise you correctly.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Koh Zhen Hon
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Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ +65 8 2 7 9 8 3 2 7 - Whatsapp / Call / SMS

Why Should Sellers/Landlords engage me? Contact me @
8 2 7 9 8 3 2 7

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