AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
Hi i just got my HLE and it states that i am getting a $103,400* loan which to me is insufficient.can i appeal to stretch it further?on what grounds did they calculate that i should get such a low loan while i am trying to buy a 4room flat? Is it because of now my wife has resigned and im working alone? i am trying to buy a 4room flat as it is near my daughter's school and my working place.
we were shocked that we got the loan of $103,400* much differece of the one we got 3 months back at $251,800 while my wife is still working.

please advise.
thanks.
0 •
1651 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

1 Answer

James Tay
Replied
From what i understand, HDB calculate the loan amount based on the household income and mumber of dependent. For your case,you are the only person who are working, your salary not only need to pay monthly instalment,but also need to support your family.HDB will factor all these things before giving out the loan. Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions