If you’re looking to purchase a HDB flat, as well as your month-to-month income doesn’t precisely prompt you to a millionaire, you may eventually really need to get a mortgage. Aside from using financing from the bank, as a flat customer you can apply when it comes to HDB Concessionary Loan ( or a HDB loan, in a nutshell), a unique sort of home loan given by the federal government human body.
( maybe perhaps perhaps Not yes whether a mortgage or an HDB loan fits you most readily useful? Study our post that is past. This short article shall inform you what you ought to realize about having a HDB Concessionary Loan.
Your eligibility for a HDB concessionary loan
The thing that is key note is the fact that HDB loan comes with a earnings ceiling of $12,000 ($18,000 for longer families). In the event that yearly income that is assessable both applicants ( ag e.g. Continue reading “HDB Concessionary Loan: understand your eligibility + just how to apply for HLE”