ONLY FOR SINGAPOREAN BUY SINGAPORE PROPERTY / MALAYSIA PROPERTY / PERSONAL LOAN
v Completed Application Form (as attached)
v Declaration Form (as attached)
v Copy of NRIC or Passport
v Income Documents
Salaried
– 1 month Computerized Payslip AND
– Latest 1 year Notice of Assessment (www.iras.gov.sg Login using Singpass View Correspondences/Notices (under E-services) Letters/Notices) AND
– Last 12 months CPF contribution statement
Self-employed
– Latest 2 years Notice of Assessments AND
– Last 12 months CPF contribution statement
v Sales & Purchase Agreement or Reservation Form
v HDB no outstanding loan proof (www.hdb.gov.sg)
FOR BUYING MALAYSIA PROPERTY
Financing Areas: Johor Bahru (including Nusajaya), Klang Valley (including KL), Penang (including Butterworth)
Loan Currency: SGD (Singapore Dollar) Loans
Interest Rates
Residential Property
Year 1 – 5 : 3M SIBOR + 2.5%
Thereafter : 3M SIBOR + 3.0%
Commercial Property
Year 1 : 3M SIBOR + 3.0%
Year 2 : 3M SIBOR + 3.5%
Thereafter: 3M SIBOR + 4.0%
Financing Quantum: Up to 70% of the purchase price or valuation, whichever is lower
Loan Quantum : Minimum Loan SGD 100,000
Loan Tenor
Residential Property
_ Minimum 5 yrs
_ Maximum 35 yrs
Commercial Property
_ Minimum 5 yrs
_ Maximum 30 yrs
Processing Fees: SGD 200
Partial Prepayment Penalty: Nil
Full Redemption Penalty: Nil
Cancellation: 1.50% on the amount cancelled
Expenses
All expenses including legal fees, valuation fees, annual review charges,
taxes, duties, remittance charges and fire insurance premium shall be
payable by borrower(s)