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I need to find out some information on loan before i proceed with buying a home.
I've spoken to some banks they told me that bank gives out 80% loan of the valuation price
15% from CPF and the other 5% cash. Does this applies to HDB loan as well?
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3 Answers

Hi Aliz,

What the bank has informed is true. And it applies to HDB as well.

If you need help in searching for properties for sale and also to arrange for viewings, let me know as i have the list of apartments for sale in the current market for the past 2mths including today.

Cheers,
Brandon - ERA Marketing Director
HP: 8233 23 23
Email: aw.brandon@gmail.com Read More
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Hi Aliz,

The bank can give up to 90% depending on case to case basis.

For HDB loan, HDB gives up to 90% loan and the 10% downpayment can be solely CPF.

Please call me for discussion or email me.

Cheers

Lim Kah Seng
ERA Team Director

(65) 9746-2435 
kahseng.era@gmail.com Read More
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Hi Aliz,
For Resale Market Purchase,

Private Property:
The Bank Approved Loan can be varies from 70% to 90% of Valuation Price in this current market. I had just transacted with a 85% bank loan and a 90% in principle approved. Most of the time is 80-85% of Valuation Price.

For HDB, resale purchase. 5% of Valuation has to be cash.
Balance Valuation Price can use CPF or CPF + Cash.

I hope the above calrifications help in your Home Hunting. If u need further clarifications, (without any Obligations) I can be reached @ 91465252  .

Happy Home Hunting !!!

Alan Low
Email: 91465252  Read More
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