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Hi, I am SG PR. In my home town i have a existing house loan(RM340k).

I would like to ask expert here. If i would like purchase a private condo in SG do i still eligible to 80% loan? Do i consider 1st house in Singapore?

Our combine income is 10k.
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3 Answers

Ivan Ng
Replied
Hi,

It will be considered your 1st residential property in Singapore for tax purposes, but your loan eligible may not achieve 80%, since the bank will have to factor in your overseas housing loan obligations.

May I recommend some bankers who can clarify the loan attainable amount? Thanks and hope to understand your housing requirements further.

Warm regards,
Ivan ERA
 97432395 
ivanng10@gmail.com
www.ivanng10.com Read More
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YT Tan (陈永达)
Replied
Good evening,

Do let my banker advise you on your in principle approval so you can gauge how much bank loan can you obtain as your overseas housing mortgage will be considered into the 60% TDSR.

Do bear in mind that 80% bank loan is still subject to TDSR.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
District Director
ECG Property Pte Ltd
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More
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Mike Lim
Replied
Evening,

80% mortgage loan is subjected to the your TDSR. If your mortgage in Malaysia have being settled with rental or EPF, you might be able to obtain 80% mortgage. My banker might be able to provide you with some firm answers.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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