EC Financing Part 3 – Housing Loan For Buying EC
Buying EC Executive Condo in Singapore, you need to obtain a bank loan. In most instances, you will have to take a housing loan to finance your EC Executive Condo purchase. For most people, this could be the largest financial commitment of their lives.
The following housing loan table is for your easy reference. Kindly contact us (Joanne Ng 9151 1871) if you have any inquiry.
To take a housing loan, you must have:
- Sufficient income to qualify for a loan
- Steady income to pay back the housing loan with interest over 20 to 30 years
You are encouraged to explore the different housing loan packages offered by various banks. Do read through the terms and conditions for the different housing loans offered by banks and keep in mind that interest rate that may increase over the years.