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I am considering applying for BTO but am not eligible for a loan based on my income. However, I read that there is a show funds method to get a loan? If say I have 500K of cash available that I can temporarily park in a bank account for show funds, how much loan can I get?
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4 Answers

Hi

It depends on your age, current income, and current monthly installments and credit score. I can assist to calculate if I can have more info.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

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Hi, goood day, I will be happy to assist, if u are looking to buy a BTO/HDB, u will first need to have. HFE document. For private bank loan, yes show funds is one of an option.

Please reach out to me at 9821 6829  and we can discuss further on various options , looking forward to hear from you soon, thanks.

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Home loan is dependant on age, income as well as financial commitments. What you have heard about is Asset Based Lending where you can go for pledging and unpledging of funds to obtain a home loan.

You may wish to speak to a banker instead on the dynamics of such loans to get an accurate picture of your eligibility.

——

I have been in the real estate business since 2009, with more than 15 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 15,900 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

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(1)If you're planning to buy a BTO or HDB, the first step is to apply for the HFE (Home Financing Eligibility) letter, which is mandatory.

(2)For private property purchases using a bank loan, showing proof of funds is one method, especially under Asset-Based Lending, where buyers may pledge or unpledge assets to secure financing.

(3)Since loan approval depends on factors like your age, income level, and existing financial obligations, it's best to speak directly with a banker. I'm happy to connect you with one who can provide accurate, tailored advice.
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