hellcustomx
Member
- Joined
- Mar 31, 2017
- Messages
- 102
- Reaction score
- 0
Can try getting from Hong leong finance? They offered more than normal local bank. Cash payment is 5% if loan tenure <25 years. Down payment is 20% if tenure ≤ 25 years.
But even if Hong Leong allocates a higher loan, applicable loan amount will still be capped at 80% of the purchase price. Meaning balance 20% in cash or CPF, or both..
Meaning you get say $500K loan, Purchase Price is $550K, the applicable loan is $440K, and balance to be paid in cash or cpf, or both.
They will look into combined pay and also monthly cashflow to see loan amount.
