Property
HDB loan vs Bank loan – Why I will still continue with my HDB loan
By SimplyJesMe  •  August 3, 2017
There has been many articles on this discussion and I have been researching on it time after time. Each time I wanted to be convinced to change but I was not. So I spent some time organising my thought process and would like to share them with you here. Why I went with HDB loan in the first place?
  1. Lesser cash upfront
For the purchase of HDB flat, 20% of the amount is needed as the down payment. If you have sufficient CPF funds and with HDB loan, you can pay this 20% fully with your CPF-OA account. For bank loan, you must at least pay 5% of the down payment in cash. For cash strapped couples like us, especially when you have to pay for wedding banquet and renovation, HDB loan is a no brainer. After all, you could always change to bank loan at any time but once you take up bank loan, there is no turning back until ...
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By SimplyJesMe
I am Jes, a co-founder of SnackFirst, which serves happiness in the form of tasty snacks with free delivery. My adventures on starting this business is all under #SnackFirst. I used to #Travel overseas for work frequently but this made me so tired of the corporate world #SimplySalesTalk. So I left my $100,000 job to start my business venture. I still love to plan my own travels and if possible, drive and explore on my own even in foreign countries #YOLO!
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