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My 70yr old mother and I (29yr old) are co-owners of a 3rm HDB.
Planning to upgrade, current gross salary at 4.6k.
How much would my max loan be?
Online HDB loan tool cap my max loan period to only 16years, is this a true policy?
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3 Answers

Hi stanley,

You are only eligible for HDB loan if your mother has not taken more than 2 loans from them. You do not qualify to be a sole applicant as you are not yet 35 years old and your salary must not exceed $3000 if you are applying under the single owner scheme.

You can confirm that by calling the HDB hotline at 68663066  .

Do contact me at 98808428  if you need further advice,

Frances Yen
Senior Team Director
ERA Read More
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