HDB Loans vs Bank Loans - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Investments and Net Worth

Investments and Net Worth Talk all about money making exploits, shares, property and building net worth




HDB Loans vs Bank Loans

 Citibank Cash Back Card - up to $350 cash back* - Click to Apply Now 
View Poll Results: Which do you prefer, HDB Loan or Bank Loan for you new property?
HDB Loan 1 33.33%
Bank/Finance Company Loan 2 66.67%
Voters: 3. This poll is closed

Reply
 
Thread Tools
  #1 (permalink)  
Old 12-07-2013, 09:21 AM
Junior Member
 
Join Date: Jul 2013
Posts: 1
squarepants is on a distinguished road
Default HDB Loans vs Bank Loans

Hi everyone,

I wonder if any of you have bought their first properties, or considering to buy one in the near future, have you thought about how are you going to finance your property? I'm thinking of getting my first one in the next few years.

I've been reading up and it seems that Singaporeans tend to prefer HDB loans over loans from financial institutions even though the cost of getting a loan from financial institutions is so much lesser in this low interest rate environment.

May I know why? It will be good if you guys have real life experience to share!

Reply With Quote
  #2 (permalink)  
Old 13-07-2013, 10:58 AM
current lytngg
Guest
 
Posts: n/a
Default

Most Singaporean are dumb. Most peoples perceived that HDB loans are more stable and bank loans could jump up anytime in the future.

Infact fundamentally all the interest rate in Singapore is govern by SIBOR rate, where the banks could lend the money each other. The mortage is depend on the SIBOR, even HDB loans somehow are "concessionary" depends on SIBOR. So if the SIBOR jump up, the HDB loan could also jump up. The SIBOR infact is "secretly" pegged against some other prominent world interest rate (including USD interest rate). The trend for the following years to come are: "zero interest rates" policy, because of economic slowdown.

So taking bank loan now is actually better than taking HDB loan. However be worry that in the near future after long terms "zero interest rate" policy, the gov loss their ammunition to control the global economy. At that time all the house price across the mature economic country will be free falling ... that's including Singapore.


Quote:
Originally Posted by squarepants View Post
Hi everyone,

I wonder if any of you have bought their first properties, or considering to buy one in the near future, have you thought about how are you going to finance your property? I'm thinking of getting my first one in the next few years.

I've been reading up and it seems that Singaporeans tend to prefer HDB loans over loans from financial institutions even though the cost of getting a loan from financial institutions is so much lesser in this low interest rate environment.

May I know why? It will be good if you guys have real life experience to share!


Reply With Quote
  #3 (permalink)  
Old 25-04-2014, 06:23 PM
Unregistered
Guest
 
Posts: n/a
Default

It is important to take out the business loan when you have personal financial difficulty. You don't need to worry about bills, or wait anxiously for the next salary if you seek the help of the money lenders. Visit more here: business-loan.sg

Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Article: HDB loan or bank loan? Reasons to choose a BANK loan fahl.sean Investments and Net Worth 2 20-06-2016 05:53 PM
Personal Loan | Payday Loan | Low income loans owentansy Marketplace and Find Work 4 05-09-2014 01:35 PM
Singapore Legal Money Lender | Personal Loan | Payday Loan | Low income loans owentansy Marketplace and Find Work 3 13-05-2014 06:43 PM
Dilemma Big 4 or Bank confusedog Income and Jobs 87 04-12-2012 10:28 PM
All sorts of FAST EASY LOANS for ALL CITIZENS!! APPROVAL IN 30MINS!! VIEW NOW!! hamzah888 Marketplace and Find Work 0 28-12-2011 12:45 AM

» 30 Recent Threads
Dsta ( 1 2 3... Last Page)
826 Replies, 560,966 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
2,537 Replies, 1,079,276 Views
Compare civil service salary ( 1 2 3... Last Page)
10,590 Replies, 5,817,000 Views
ST Electronics ( 1 2 3... Last Page)
797 Replies, 239,119 Views
Lawyer Salary ( 1 2 3... Last Page)
9,034 Replies, 2,938,114 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
3,096 Replies, 1,314,524 Views
How much are you earning per annum? ( 1 2 3... Last Page)
12,006 Replies, 3,810,432 Views
Career as Teacher ( 1 2 3... Last Page)
2,836 Replies, 1,709,259 Views
Constituency Manager (People... ( 1 2 3... Last Page)
869 Replies, 454,126 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,388 Replies, 955,097 Views
Working in NEA ( 1 2 3... Last Page)
60 Replies, 72,792 Views
Advice needed for a 30 yo male... ( 1 2 3... Last Page)
44 Replies, 12,628 Views
How much to ask for starting pay... ( 1 2 3... Last Page)
90 Replies, 8,936 Views
Polytechnic lecturer salary range ( 1 2)
11 Replies, 65,169 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,377 Replies, 1,977,944 Views
need some info on CNB ( 1 2 3)
20 Replies, 2,116 Views
Self-Employed in SG by Overseas...
3 Replies, 386 Views
Best Primary Schools 2020 (by...
1 Replies, 993 Views
How much do you earn and save? ( 1 2 3... Last Page)
130 Replies, 23,660 Views
PhD or non-PhD
6 Replies, 7,411 Views
Big Four Promotion/Bonus/Incr... ( 1 2 3... Last Page)
30 Replies, 6,392 Views
How to properly manage the income?
6 Replies, 462 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
126 Replies, 30,149 Views
Higher Pay for Mid-Career Teachers
3 Replies, 5,197 Views
Tuition Teachers Make 20k
7 Replies, 6,061 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
79 Replies, 118,001 Views
High Finance Thread ( 1 2 3... Last Page)
133 Replies, 25,590 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
734 Replies, 364,218 Views
Employment agency asking for...
1 Replies, 149 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 10:23 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2