Compute The Housing Loan Repayment For The Purchase
of HDB Flats
Based on 1. subsidised
interest rate of 2.6% p.a. for HDB loans and
2 . 3.75% flat for
market rates .
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Loan Amount
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Payment Period
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Interest Rate
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Monthly Installment
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Remarks:
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Monthly repayment must not more than 40% of Monthly Household Income.
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The actual loan
to be granted is subject to full utilisation of available CPF monies in
applicants' CPF Ordinary Accounts and the loan ceiling of 80% of the
Valuation Price or Selling Price whichever is lower.
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The applicants'/occupiers'
monthly income will be taken as the basic monthly salary plus all fixed
allowances such as leave allowance, National Service allowance, etc. For
persons whose monthly income may vary, e.g., self-employed or odd job
workers, their monthly income will be based on the average of their last
12 months' income.
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