ONLY FOR SINGAPOREAN BUY SINGAPORE PROPERTY / MALAYSIA PROPERTY / PERSONAL LOAN

 

v  Completed Application Form (as attached)

v  Declaration Form (as attached)

v  Copy of NRIC or Passport

v  Income Documents

   Salaried

–  1 month Computerized Payslip AND

–  Latest 1 year Notice of Assessment (www.iras.gov.sg Login using Singpass View Correspondences/Notices (under E-services) Letters/Notices) AND

–  Last 12 months CPF contribution statement

   Self-employed

–  Latest 2 years Notice of Assessments AND

–  Last 12 months CPF contribution statement

v  Sales & Purchase Agreement or Reservation Form

v  HDB no outstanding loan proof (www.hdb.gov.sg)

 

FOR BUYING MALAYSIA PROPERTY

Financing Areas: Johor Bahru (including Nusajaya), Klang Valley (including KL), Penang (including Butterworth)

Loan Currency: SGD (Singapore Dollar) Loans

 

Interest Rates

Residential Property

Year 1 – 5 : 3M SIBOR + 2.5%

Thereafter : 3M SIBOR + 3.0%

Commercial Property

Year 1 : 3M SIBOR + 3.0%

Year 2 : 3M SIBOR + 3.5%

Thereafter: 3M SIBOR + 4.0%

 

Financing Quantum: Up to 70% of the purchase price or valuation, whichever is lower

 

Loan Quantum : Minimum Loan SGD 100,000

 

Loan Tenor

Residential Property

_ Minimum 5 yrs

_ Maximum 35 yrs

Commercial Property

_ Minimum 5 yrs

_ Maximum 30 yrs

 

Processing Fees: SGD 200

 

Partial Prepayment Penalty: Nil

Full Redemption Penalty: Nil

 

Cancellation: 1.50% on the amount cancelled

Expenses

All expenses including legal fees, valuation fees, annual review charges,

taxes, duties, remittance charges and fire insurance premium shall be

payable by borrower(s)