Asked by WH
Hi,
I would like to seek advise on HDB purchase and bank loan.
Currently I am staying in a 4 room HDB flat (still on HDB loan) with my sister and parents.
My parents had applied a new 4 room HDB BTO Flat (300K).
May I know which is the best Bank Loan in Singapore that provide good rates? I'm asking bank loan as HDB stated that they won't provide loan to anyone who had borrowed from them more than twice. My mother who is the applicant had taken up two times of the HDB loan and is enquiring on the bank loan for downpayment.
I'm not sure whether we should proceed to carry on with the application or skip it as our current hdb flat is worth of the estimation of $450K.
If bank loan the interest rate might go up to 10K (50K + 10K).
May I know which bank would you recommend for our current situation or is it advisable to stay in our current flat and reject this offer?
Regards
WH
I would like to seek advise on HDB purchase and bank loan.
Currently I am staying in a 4 room HDB flat (still on HDB loan) with my sister and parents.
My parents had applied a new 4 room HDB BTO Flat (300K).
May I know which is the best Bank Loan in Singapore that provide good rates? I'm asking bank loan as HDB stated that they won't provide loan to anyone who had borrowed from them more than twice. My mother who is the applicant had taken up two times of the HDB loan and is enquiring on the bank loan for downpayment.
I'm not sure whether we should proceed to carry on with the application or skip it as our current hdb flat is worth of the estimation of $450K.
If bank loan the interest rate might go up to 10K (50K + 10K).
May I know which bank would you recommend for our current situation or is it advisable to stay in our current flat and reject this offer?
Regards
WH
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