Those looking to purchase a new private property can loan up to 75% of their property’s valuation or purchase price, whichever is lower. This applies to customers with no outstanding home loans. For example, if the property is valued and purchased at S$1,000,000, the maximum loan amount is S$750,000. Other factors such as the loan tenure, Loan-To-Value (LTV) or Total Debt Servicing Ratio (TDSR) will also affect the final loan amount.
If you already have an existing home loan with another bank, you can also consider refinancing your home loan with us and enjoy interest savings.