You a millionaire, you will sooner or later have to get a home loan if you’re looking to buy a HDB flat, and your monthly salary does not exactly make. Apart from using that loan from the bank, as a flat customer you can put on when it comes to HDB Concessionary Loan ( or perhaps a HDB loan, in a nutshell), an unique kind of home loan granted by the federal government human body.
( Not yes whether a financial loan or an HDB loan fits you most readily useful? Browse our previous post. ) this short article will tell you what you should learn about having a HDB Concessionary Loan.
The key thing to note is the fact that HDB loan has a earnings ceiling of $12,000 ($18,000 for extended families). In the event that annual income that is assessable both candidates ( ag e.g. Both you and your partner) surpasses this amount, you’ll have actually to take a financial loan alternatively. (more…)