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Thread: 90% Loans still being offered to Expats?

  1. #1
    Join Date
    Jan 2009
    Posts
    2

    Default 90% Loans still being offered to Expats?

    Hi - I'm an expat and looking to change from rental to owner now that i'm settled in Singapore. I was wondering if banks are still offering 90% loans to expats? My current bank (HSBC) seems to have withdrawn 90% financing to anyone other than Singapore citizens.

    thanks

  2. #2
    Join Date
    Jan 2007
    Posts
    181

    Default

    I heard that banks have become very cautious when lending to expatriates nowadays. My expat friend was trying to get a home loan for 90% but she only managed to get 80% in the end. She was telling me that one of the banks only offered her 60%.

  3. #3
    Join Date
    Aug 2008
    Posts
    99

    Default

    I heard many people who bought deferred payment properties who have not log in any loans are having problems getting financing for their properties as valuation dropped.

  4. #4
    Join Date
    Jan 2008
    Posts
    560

    Default

    Quote Originally Posted by McMuffin View Post
    I heard that banks have become very cautious when lending to expatriates nowadays. My expat friend was trying to get a home loan for 90% but she only managed to get 80% in the end. She was telling me that one of the banks only offered her 60%.
    with resale prices for high end property going down by 50%, isn't it attracting more foreign buyers? In this case, will the bank lax in their loan criterial?

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