Financial Consultation

FAQS

The Answers You Need

How much can I borrow?

For most products, your loan amount can reach 90% of the value of your property, but if your loan amount exceeds 80% of the value of your property, you may need to pay mortgage insurance.

Do I need to deposit when I apply for a loan?

For most products, you need to have a deposit of at least 10% of the value of the property. The source of the deposit is your savings, but you can also supplement it with gifts or government subsidies.
 

How much will my repayment be?

Your repayment will consider the annual interest rate, loan term, repayment frequency and loan amount. Using our "what is the repayment amount" calculator, we can work out the ideal minimum repayment amount

What is the comparison rate?

The comparison rate can let you know your loan cost, including annual interest rate, honeymoon interest period and expenses. Comparison rate is an effective tool for you to compare borrowing costs between different products of different loan providers.

What is an interest only housing loan?

Interest only loans refer to loans with interest only included in the repayment for the first five years. After five years, the amount you owe is still the total amount of your loan. The advantage of this type of loan is that the early repayment is very low, which is very suitable for those borrowers who want to invest.

How to calculate interest?
 

Interest is based on your daily loan balance. You can reduce the interest payable by reducing the balance of your loan by additional repayment, or by depositing additional funds in your loan account or offset account. You can re plan these funds when you need them.

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