You a millionaire, you will sooner or later have to get a home loan if you’re looking to buy a HDB flat, and your monthly salary does not exactly make. Other than using that loan from the bank, as being a flat buyer you can use for the HDB Concessionary Loan ( or perhaps a HDB loan, simply speaking), a unique types of home loan granted by the federal federal government human anatomy.
( maybe maybe perhaps Not yes whether a financial loan or an HDB loan fits you well? Study our previous post. ) This short article shall inform you what you ought to realize about having a HDB Concessionary Loan.
Your eligibility for the HDB concessionary loan
The key thing to note is the fact that the HDB loan posseses an earnings ceiling of $12,000 ($18,000 for extended families). In the event that annual assessable earnings for both candidates ( e.g. You and your spouse) exceeds this quantity, you’ll have actually to just take a mortgage rather. Continue reading