09-10-2009, 12:06 PM
#1
Member
Join Date: Apr 2009
Posts: 245
HDB loan
where to find current HDB loan rate?
__________________
09-10-2009, 12:15 PM
#2
Senior Member
Join Date: Sep 2004
Posts: 2,330
__________________
Last edited by ascdf13 : 09-10-2009 at 12:18 PM .
09-10-2009, 12:19 PM
#3
Supremacy Member
Join Date: May 2003
Posts: 15,551
09-10-2009, 12:35 PM
#4
Member
Join Date: Aug 2008
Posts: 254
2.6% is for concession rate. There is a non-concession rate. Have to depend on your eligibilty.
09-10-2009, 01:25 PM
#5
Member
Join Date: Apr 2009
Posts: 245
could it be possible that a bank offers lower interest than HDB?
__________________
09-10-2009, 01:28 PM
#6
Arch-Supremacy Member
Join Date: Apr 2005
Posts: 5,756
Quote:
Originally Posted by neanea
could it be possible that a bank offers lower interest than HDB?
yes...now most banks offer lower interest than HDB...at least for the 1st 2 yrs or 3 yrs..
09-10-2009, 01:39 PM
#7
Member
Join Date: Apr 2009
Posts: 245
very interesting.... so HDB is profiting from our $$$ ?
__________________
09-10-2009, 03:59 PM
#8
Member
Join Date: Dec 2003
Posts: 189
so if someone buy hdb now, they should get bank loan instead ???
09-10-2009, 05:43 PM
#9
Senior Member
Join Date: Mar 2008
Posts: 1,222
Quote:
Originally Posted by wa1ker
so if someone buy hdb now, they should get bank loan instead ???
Yes, if someone is planning to pay off the loan within 3 years. Just take bank loan with fixed 3 years. I am sure the current rate is better than HDB.
If for the long term such as 20 years or 30 years, HDB loan is still a better bet because bank loan full of uncertainty.
09-10-2009, 08:58 PM
#10
Member
Join Date: Aug 2008
Posts: 254
I doubt anyone can pay off the housing loan within 3 yrs..most bank offer lower rates for first few years.After that, do refinance with other banks. most of them doing like that.
09-10-2009, 10:08 PM
#11
Senior Member
Join Date: Mar 2008
Posts: 1,222
Quote:
Originally Posted by phngkcc
I doubt anyone can pay off the housing loan within 3 yrs..most bank offer lower rates for first few years.After that, do refinance with other banks. most of them doing like that.
Few of my friends managed to do it. Save like hell and all savings and bonuses threw in to settle the loan within 3 years, dun wan to let bank earn the interest.
Refinance is an option aft few years. But if suay suay that period interest rate at record high and stay, even with refinance, the interest will not come cheap.
Current interest is super low especially look at the Sibor rate, so only one way to go in future.
12-10-2009, 03:04 PM
#12
Member
Join Date: Dec 2007
Posts: 152
Is it possible for those who are eligible for HDB loan, to apply for bank loan instead? what are the implications?
__________________
12-10-2009, 03:18 PM
#13
Senior Member
Join Date: Jan 2000
Posts: 1,598
Quote:
Originally Posted by chocolato
Is it possible for those who are eligible for HDB loan, to apply for bank loan instead? what are the implications?
don't think there is any implications but if in future the Bank interest higher than HDB interest, you can't refinance back to HDB.
__________________
12-10-2009, 04:56 PM
#14
High Supremacy Member
Join Date: Oct 2008
Posts: 95,546
Its advisable to take HDB loan.....
If you take up bank loan, have to make sure you dont miss too many months of payment, they are not as flexible as HDB loan...
__________________
12-10-2009, 05:46 PM
#15
Member
Join Date: Dec 2007
Posts: 152
I work in bank hence enjoy preferential rates.. but that means i have to stay in this job as long as my loan is not fully repaid... hmmmm....
__________________
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
All times are GMT +8. The time now is 12:20 AM .
Channels
TECH GUIDES
