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How can I pay off my home loan
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When it comes to bank housing loans for residential properties in Singapore, here are some key points to consider:
- Maximum Loan Sum: Up to 75% of the purchase price or valuation sum, whichever is lower.
- Loan Period: Maximum of 35 years for private houses and 30 years for HDB flats.
- Security: Mortgage of the property to the bank.
- Interest Rate: Can be fixed or variable.
- Repayment: Not more than 60% of gross income for private residential properties and 30% for HDB flats.
- Loan Period: Maximum of 35 years for private houses and 30 years for HDB flats.
- Security: Mortgage of the property to the bank.
- Interest Rate: Can be fixed or variable.
- Repayment: Not more than 60% of gross income for private residential properties and 30% for HDB flats.
For more details, you can refer to the specific terms and conditions provided by the banks.
Happy property hunting!