Down payment

[zjules]

Does anyone know if its possible to get a housing loan with only 10% dowm payment? I see that most say 10% cash + 10% CPF as a minimum, but as i dont have CPF, will i need to come up with 20%....
Thats starting to sound expensive.....

[mingming]

Hi Zjules, usually, depending on the bank and your credit status, banks will loan up to 90% of the valuation price of a property. My advise will be to check with your bank on how much you will be able to loan before making the calculations on how much more you'll need to put in.

[sundaymorningstaple]

The way I understand it, now it is 20% down payment as this will tend to slow down speculators. I doubt any bank with buck the MAS as they won't want to lose their banking licenses.