Tag Archives: HDB

What is HPS?

You have been hearing from your friends, colleagues, family and relatives that you need to buy this HPS when you buy a HDB flat from the resale market or direct from HDB. so what is HPS exactly? HPS is a Mortgage Reducing Term Assurance (MRTA) which HDB called it Home Protection Scheme.  This is a plain […]

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Guide to loan eligibility for HDB purchase

Be it BTO or buying from resale market, knowing how much you can borrow makes your HDB purchase planning much easier and you can also avoid costly mistakes. Bank HDB loan eligibility is based on MSR (Mortgage Servicing Ratio) 30% and TDSR (Total Debt Servicing Ratio) 60%. Maximum loan tenure is capped at age 65 […]

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