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Now I have a Hdb loan of 100k for my 5rm flat. The interest is 3.28%. I am 56 this year and I have not much left in CPF account.I thought of switching my loan to bank loan whereby the interest is lower.So what is the pros and cons by doing that? Can advice me?
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1 Answer

Mike Lim
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Afternoon,

Do note that with your age, check the financing possibilities, expenses and CPFwithdrawal restriction. Although bank will loan you till age of 75, are you able to sustain the loan till then?

Regards
Mike Lim
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