What is the difference interest rate for HDB and Banks Housing Loans?

[agl]

Hi,

Anyone can advised me the difference interest rate for HDB and Banks Housing Loans for 2nd timers who wished to apply for a new flat under the HDB BTO scheme.

It is true that for 1st and 2nd timer, HDB only grant the housing loan for 1 time only provided that you had taken the loan already for the 1st time and subsequently, if you want HDB to loan you for the 2nd time, you will need to apply for a bigger flat eg 4 rooms to 5 rooms, but not applying back the same type of flats, if you want to apply for the same flat, you must get the housing loans from the banks, but not directly from HDB.

Thank you and hoped to hear from you soon.

[Anna]

Hi there, you are right in saying if the 2nd house taken direct from hdb is not an upgrade version, then the hdb loan will not be applicable.
Should you require assistance in getting a bank loan for your new flat, do contact me at 9144 8667.


Anna

Hi,

Anyone can advised me the difference interest rate for HDB and Banks Housing Loans for 2nd timers who wished to apply for a new flat under the HDB BTO scheme.

It is true that for 1st and 2nd timer, HDB only grant the housing loan for 1 time only provided that you had taken the loan already for the 1st time and subsequently, if you want HDB to loan you for the 2nd time, you will need to apply for a bigger flat eg 4 rooms to 5 rooms, but not applying back the same type of flats, if you want to apply for the same flat, you must get the housing loans from the banks, but not directly from HDB.

Thank you and hoped to hear from you soon.

[agl]

Hi, Anna,

Thank you for your reply.

[Alaska]

Can I buy another 2nd HDB 5-rm flat using bank loan,
Even though the household income is more than $8000?