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HDB Loan Shortfall

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Old 31-08-2014, 10:21 AM   #1
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HDB Loan Shortfall

Hi all,

I selected a HDB Unit(BTO) with my dad, cost 270K.
Estimated loan only can take up to 170K.
Cash + CPF currently at 33k.

When must we pay the shortfall of 67k?

If it's during key collection, it won't be a problem.
If it's a few months after hdb selection, hg liao..

Last edited by OlympicDreamer; 31-08-2014 at 10:46 AM..
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Old 31-08-2014, 11:51 AM   #2
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Hi all,

I selected a HDB Unit(BTO) with my dad, cost 270K.
Estimated loan only can take up to 170K.
Cash + CPF currently at 33k.

When must we pay the shortfall of 67k?

If it's during key collection, it won't be a problem.
If it's a few months after hdb selection, hg liao..
Are your HDB loan is final

You need to redo your HLE when collect your keyThis is the final loan you will loan.If still have 3 yrs to collect key and ur salary might increase or have some saving so might able get higher loan

You should try talk to HDB officer how to get higher loan

Assume you have pay downpayment 10%=$27,000.

You need loan=$270,000-$27000=$243,000.
If your cpf OA got 20k so you need loan $223.000.

Last edited by 3G SAINT; 31-08-2014 at 11:57 AM..
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Old 31-08-2014, 08:23 PM   #3
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So if loan not enough, when I need to pay the difference to top up?
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Old 31-08-2014, 08:29 PM   #4
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So if loan not enough, when I need to pay the difference to top up?
Before key collection and after final HLE assessment..
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Old 31-08-2014, 11:14 PM   #5
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Before key collection and after final HLE assessment..
Ok, thanks!
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