If you’re looking to purchase a HDB flat, as well as your month-to-month income will not precisely turn you into a millionaire, you may ultimately really need to get a mortgage. Apart from using that loan from a bank, as a buyer that is flat can use for the HDB Concessionary Loan ( or even a HDB loan, in a nutshell), a unique style of home loan granted by the federal federal government human anatomy.
( maybe maybe Not certain whether a financial loan or an HDB loan fits you well? Browse our previous post. ) This short article shall let you know what you ought to find out about having a HDB Concessionary Loan.
Your eligibility for a HDB concessionary loan
The key thing to note is the fact that HDB loan comes with an earnings ceiling of $12,000 ($18,000 for longer families). Continue reading