How much funds for pledging and unpledging must a single 38-year-old with no income put up to a bank to secure a bank loan of $700,000

In Singapore, securing a bank loan, especially for an individual with no income, is highly challenging and typically not feasible under normal banking criteria. Banks usually require borrowers to have a stable income to assess their ability to repay the loan.

For an individual with no income, it would be difficult to obtain a bank loan of $700,000, as banks would not be able to determine the borrower's debt service ratio or ability to repay the loan.

In general, banks in Singapore require borrowers to meet specific criteria, including having a sufficient income, a good credit score, and manageable debt obligations. Without an income, the borrower would not meet these criteria, and the loan application would likely be rejected.

Therefore, it is not possible to provide a specific amount for pledging or unpledging funds in this scenario, as the loan would not be approved in the first place. If you are considering purchasing a property, it is essential to have a stable income and meet the bank's lending criteria. You can use tools available on EdgeProp Singapore to understand your loan eligibility and borrowing capacity based on your financial situation.