• Home Loan BYTES FROM OUR KITCHEN

    Singapura Finance Housing Loan Singapore

    A home is a place where you spend time with your family and create memories that you can cherish for the rest of your life. You get to spend quality time with your friends and family and also refuge from the world outside. Safety, security and the feeling of belongingness that you can get in your own house may not be found in a rented house. Hence, you should try to purchase a house of your own so that you and your loved ones always have a roof over your head. Do not let your financial condition become a hurdle for you in purchasing your dream house. Apply for a housing loan and purchase the house of your choice without any difficulty. Singapura Finance is a popular financial institution in Singapore that offers a range of credit products ranging from personal loans, car loans, gold share loans and home loans, among others. Home loans offered by Singapura Finance come with affordable interest rates and flexible loan tenures.

    Why Choose Singapura Finance Housing Loan?

    Real estate prices in Singapore are on the rise most of the times and your savings and income may not be enough for you to purchase the house of your choice. Hence, you will need to apply for a home loan in order to get the required funds. When you apply for a housing loan from Singapura Finance, you can be assured that your loan application will be processed fast and you will not need to go through the hassle of submitting too many documents. The process of applying for the loan is very simple and the quantum of financing offered is very as well.

    Types of Home Loans offered by Singapura Finance

    Mortgage Loan

    Singapura Finance offers a mortgage loan that comes with a fixed rate of interest. Tenures can stretch for periods of up to 35 years, or until the applicant turns 65 years of age. The loan amount is mostly dependent on the annual income of the applicant.

    Bridging Loan

    Customers can apply for a bridging loan that will take care of the down payment towards the main housing loan. A Bridging Loan can be used by a customer if he/she is awaiting funds from the sale of an existing property. Once the sale of the property is realized, the bridging loan can be repaid.

    Features of the Singapura Finance Home Loan

    • Singapura Finance offers home loans at affordable rates of interest and lets customers choose their loan tenure.
    • Singapura Finance doesn’t charge any processing fees for home loan application – a big plus point. Most banks in Singapore charge a processing fee on their home loan applications.
    • Singapura Finance will finance up to 80% of the value of the property. The remaining 20% needs to be paid as down payment towards the loan.
    • Customers can use a bridging loan to fund the down payment of their loan. A bridging loan is provided if a customer has a property up for sale and is awaiting funds from the sale of an existing property in his/her name.
    • The loan is available to Singaporean citizens, Permanent Residents as well as foreigners.
    • The loan application process is easy and simple. The processing of the loan can take up to 10 business days.

    Singapura Finance Housing Loan Interest Rate

    The interest rates for Singapura Finance property loans starts from a monthly interest of 2.28%.

    Eligibility criteria to apply for the loan

    • The applicant should either be a Singaporean citizen, Permanent Resident or a Foreigner.
    • The home loan applicant should a minimum of 21 years of age.
    • A Foreigner intending to apply for a home loan with Singapura Finance needs to provide a local guarantor.

    Documents to be submitted

    • Front and back copy of NRIC and Passport – Proof of identity.
    • Latest CPF statement if the applicant wishes to use funds from his/her CPF account.
    • Latest Income Tax Notice of Assessment.
    • Proof of income and employment.
    • In case of foreigners, a copy of the employment pass, employment letter obtained from the employer and copy of the Passport.
    • Foreigners who wish to apply for the loan must provide a local guarantor.

    How to Apply for a Housing Loan from Singapura Finance

    If one wishes to apply for a home loan from Singapura Finance, they need to visit the official website of the Financial Institution and fill out the online home loan application form. The customer will also be required to submit your documents as specified by the bank.

    One can also apply offline by visiting a local Singapura Finance branch and physically filling out the application form and submitting the required documents.

    Singapura Finance Home Loan for Foreigners

    Singapura Finance is one of the few financial institutions that provides home loans for foreigners. Foreigners wishing to apply for a home loan need to be at least 21 years old. They will also need to have a local guarantor as part of the application process to get the mortgage loan approved.

    Singapura Finance Land & Construction Loan

    Singapura Finance is a reputed financial company that offers a wide range of financial products and services to customers in Singapore. It enjoys a very good reputation with the customers and its home loans and other products are very popular. The land & construction loan is a type of Singapura Finance Housing Loan that can help people in Singapore to purchase land and build a house on it based on their needs. You will enjoy a wide range of benefits when you opt for this loan product offered by Singapura Finance and you can fulfil you dream of constructing your own house by purchasing a piece of land in Singapore.

    Singapura Finance Property Development Loan

    Singapore, like most other developed countries, is land-scarce and so people who own pieces of land in this island nation can develop their land and utilize the full potential of your land. You can get a building constructed based on your requirements and in the process get to live in a house that will be customize to meet your hopes, aspirations and dreams. If you are the owner of a piece of land and do not have the money to construct any structure on it, you can opt for a property development loan offered by any of the reputed banks and financial institutions in the country. Singapura Finance is a very reputed financial institution and Singapura Finance Property Development Loan can offer you with the money that you need for the purpose of property development.

    Singapura Finance offers a variety of products in Singapore, including home loans, personal loans and so on. Like Singapura Finance Home Loans, the property development loans offered by the company are always in demand. They help businesses to realize the complete potential of their land and property. This loan is available only for businesses and for the development of business properties in the Lion City. You can get in touch with the company to know if your business is eligible for a property development loan offered by them.

    FAQs

    1. Can I pre-close my home loan with Singapura Finance?

      A. Yes, Singapura Finance gives you the opportunity to pre-close your home loan application. You will need to contact Singapura Finance for the same.

    2. What is the maximum tenure that I can choose?

      A. Depending on the loan amount, you can choose a tenure that can stretch to a period of up to 35 years, or until you attain the age of 65.

    3. Can I make the home loan down payment through funds in my CPF account?A.

      Yes, you can make the down payment through funds in your CPF account. The minimum down payment amount should be equivalent to 20% of the value of your property.

    4. Can I apply for a personal loan to pay for the down payment?

      A. In most cases, Singapura Finance doesn’t allow that. However, if you have a high income level, you can gain approval. 

    News About Singapura Finance Housing Loan

    • Singapura Finance HDB Home Loan Promotion

      With rising interest rates, home loans can become very expensive with time as the rates are expected to rise even further in the near future. If you want to make sure that your home loan remains affordable for a period of time, you can opt for Singapura Finance HDB Home Loan. When you opt for an HDB Home Loan from this finance company, you can avail attractive promotional interest rates that will remain fixed for a period of 3 years.

      The benefits of this promotion are as follows:

        • The interest rate will remain fixed for a period of 3 years

        • You will enjoy stability in your monthly instalment payments for the loan.

        • The interest rate offered for this period will be lower than HDB Concessionary Rate, which is 2.60 percent per annum at the moment.

      Please contact Singapura Finance to know about all the applicable terms and conditions.

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