View Full Version : Housing loan

slow learner
4th April 2012, 01:04 AM
What is the maximum housing loan one can get for their first property purchase?
How about second property ? I heard for second property cannot get more than 60%, is that true?

2nd May 2012, 04:44 PM
Maximum is 80% for first property and 60% for subsequent ones!

21st May 2012, 09:19 PM
What about 90% financing? Is it no longer available?

23rd May 2012, 09:12 PM
Yes, 90% financing is no longer available.

24th May 2012, 05:06 PM
Yeap, 90% financing is no longer available with the retail mortgage lenders. But for those who are buying HDB and taking up HDB loan, you can still get 90% loan from HDB, if you do not have much CPF.

6th July 2012, 05:07 PM
A loan is a type of debt. Its provides an incentive for the lender to engage in the loan. Housing loan are taken by borrowers to finance the purchase of properties either for lodging or investment purposes.

19th October 2013, 04:08 PM
I have also heard about things like the amount of loan may vary according to the income levels. I am not very much sure about the rule now.

21st October 2013, 07:35 AM
The amount of loan one can take depends on his/ her income.

Debt servicing ratio - is what the bank use to calculate on how much loan one can qualify. You may like to read this article that clearly explains this.