1 Answer

Afternoon Chan,

Let me do a breakdown for you, assuming you are getting 80% bank loan:

5% cash of valuation: $20k cash
15% CPF of valuation: $60k CPF
COV: $20k cash
Legal and Stamp Fee: $9200 CPF
Valuation and admin fee: $280
Agent Commission: To be discussed.

Since you have around $100k cash at hand and assuming that you have zero CPF, you will require another $14k more, including possible 1% commission.

Do feel free to contact me if you require further assistance.

Regards
Mike Lim
 96929209 
ERA Read More
1
  • CS
    Hi Mike, thanks for your information. Regarding to $14k, can I borrow from bank as personal loan?

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