BREAKING. HDB LOAN REPAYMENT EXTENDED TO 65 YEARS OLD

[jericho75]

Wah not that i heard of. Im too low ses

recently nia. asked to put few hundred k into that bank for 3 months at least.

 

[jericho75]

this is for existing loans only? i dun think they will extend it to new loans.

 

[New Eden]

recently nia. asked to put few hundred k into that bank for 3 months at least.

Confirm margin call coming if it is true.......

 

[shikoo]

Can afford to buy southern waterfront hdb bto!

 

[jericho75]

Confirm margin call coming if it is true.......

not too sure. but i heard many asked to show cash. tomorrow i call bank check

 

[Laneige]

Frankly, no sympathy for people who can't cope with housing loan.

It's really self inflicted problem.

Not true. Can b Low income n paying for hdb too

 

[New Eden]

not too sure. but i heard many asked to show cash. tomorrow i call bank check

Haha pls update this thread.

 

[iceblendedchoc]

HDB indirectly admitting hdb prices too high?

 

[Anormalbsguy]

Sian I think drawdown age will be extended to 70 soon.

 

[Peasantboy]

Mod, pls ban TS and close this thread.

Did anyone read the article? There is NO increase in the max repayment age. It’s just late payment charge which is negligible

https://www.channelnewsasia.com/news/singapore/desmond-lee-hdb-extend-suspension-late-payment-charges-mortgage-13167930?cid=fbcna

THANK YOU PAP

 

[New Eden]

Mod, pls ban TS and close this thread.

Did anyone read the article? There is NO increase in the max repayment age. It*********s just late payment charge which is negligible

From Monday, households on HDB loans can also extend their loan repayment period up to age of 65 if they need long-term adjustments to their cash flow, he said.

The loan tenure for new HDB flats is currently capped at 25 years.

He added that the Monetary Authority of Singapore (MAS) will "soon" announce support measures for HDB flat owners who are on bank loans.

 

[Why so serious]

From Monday, households on HDB loans can also extend their loan repayment period up to age of 65 if they need long-term adjustments to their cash flow, he said.

The loan tenure for new HDB flats is currently capped at 25 years.

He added that the Monetary Authority of Singapore (MAS) will "soon" announce support measures for HDB flat owners who are on bank loans.

action only. bank loans are banks cashflow. it will affect the income of banks.

only hdb loans can be safely extended

 

[SBC]

Is affordability dropping due to age cap to 65?

What’s the current cap?