Hi Ravindra;
Maximum housing loan bank offer is 80% of the total purchase price(if for HDB,it excludes the COV which needs to be in CASH only).For example if your house is priced at $500,000,the maximum loan the bank can give is $400,000..
But it is subjected to approval by the various banks(depending on your other loans/overdrafts/commitments).
The current home loan interest rate is around 1.9%-2.0%..
If you need more help in calculating your finances before purchasing a property,maybe you can give me a call,or drop me an sms/email?I can arrange for my personal mobile bank to speak to you more about this.Thank you
Rgds;
Lyna from ERA
9623-8442
lynasong@hotmail.com
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