Frequently asked questions and answers on housing loans for immigrants in Singapore

With the improvement of people's living standards, more and more people plan to immigrate to Singapore. What are the common problems with housing loans in Singapore? Next, let's take a look at the frequently asked questions about housing loans for immigrants in Singapore. Welcome to reading.

First, choose new currency loans or other currency loans?

Singapore's finance is one of the most open countries in the world. Buyers can choose any suitable currency (except RMB, because RMB is a non-circulating currency in Singapore), but the current market interest rate in Singapore is low, and the annual interest rate of loans is between 2% and 3%. It is beneficial to apply for new currency loans.

Second, after signing the pre-sale contract or sales contract, is there a time limit for considering changes?

Once the option is signed, the transaction is established.

For developers, the biggest worry is to postpone the capping date. If the delivery is delayed, the developer will compensate the buyer for the loss.

For the buyer, if the payment is delayed, the developer will add an additional deferred interest rate to the buyer.

Can I get a discount if I pay the full amount?

Whether it is the buyer's full amount or the bank loan, for developers, what they charge is the final price. Generally, the buyer will borrow money from the bank, but what the developer charges from the bank is also the final selling price, but the buyer needs to pay the bank interest generated by the loan. Therefore, there is no discount for developers.