The feeling of becoming a home owner is something that can never be forgotten. Owning is a house is a dream shared by millions of people around the world and people work very hard to save the money needed to purchase the house that they desire. If you are planning to buy a house of your own, you should know that your savings or income alone may not be enough to purchase the house that you want. Besides, it might also be difficult to ask your friends or relatives to offer you with the money that you need. Hence, the best option is to opt for a home loan from a reputed bank and get the required financial assistance. If you want to purchase an HDB flat in Singapore, you can opt for POSB HDB Loan and get the required financial assistance.
POSB is one of the top local banks in Singapore and has been active for decades. The bank offers a wide range of banking and financial products and services including credit cards, debit cards, home loans, personal loans etc. With an HDB Home Loan from POSB Bank, you can easily purchase the HDB flat that you like and then you can become a homeowner in the process. The home loans products from POSB are known to offer great features such as attractive interest rates, flexible repayment tenures, higher loan amount and so on. All of these features are also available with the HDB home loan offered by POSB.
Your search for the ideal home loan will come to an end when you opt for the POSB HDB Loan. The Home Advice Specialist at POSB will assist you to get the best possible offers and save a lot of money by making the right choice. They will also help in ensuring that you can smoothly apply for the loan and that your loan application is processed at the earliest. Besides, you will not be required to submit a pile of documents when you apply for the loan.
Note - The minimum loan amount offered will be S$100,000.
Here is an illustration of the amount of money that you can save in the first 5 years, when the interest rate for the loan will be lower than offered with Concessionary HDB Loan.
|Amount offered as a Loan||Interest Saved with POSB HDB Home Loan at 1.98 percent per annum||Interest Saved with POSB HDB Home Loan at 2.5 percent per annum|
Note – At present, the HDB concessionary rate is at 2.6 percent per annum.
You can apply for POSB HDB Loan either online on the official website of the bank or by visiting any of the branches of POSB.
The minimum loan amount offered is S$100,000.
For the first 5 years, the interest rates will be lower than or capped at 2.5 percent per annum.
There are no fees charged for prepayment of the POSB HDB Loan.
Yes, you can still apply for this home loan offered by POSB even if you have a home loan with any other bank.