Do you mean leverage? If yes, be aware that it comes with risk. Higher returns but higher risk of larger losses. Do so only if you are competent in that particular investment tool. Otherwise, wouldn’t suggest to take on leverage for investment. Invest only with what you have, don’t borrow to invest.

All are important. 1. Need at least 6 - 12 months of household expenses. Track all expenses to have a feel of it. 2. Are you considering to have a kid soon? Factor in expenses and think about how you want to care for the kids. Possibly maybe a maid, childcare or someone not working. All these need $. 3. Do you invest? If you do not, better learn but do not do it for the sake of doing it. Otherwise you might lose sleep or money. HDB loan interest is actually very low. 4. One possible way is contribute to SA $7000 per year for tax relief and earn 4% inside but this money can only be used when you reach 65 and assume no change in interest rate.

Read the contract that you have signed carefully. Altogether, it should contain legal information about the home insurance and whether it is really compulsory, and if it entails an admin fee. If yes, then you will need to negotiate with your loan manager on the next course of action. If not, then you are not legally required to take on their insurance, nor to pay any admin fee.

The difference possibly will be the amount of interest you need to pay. Especially if you are taking a bank loan. Does the bank have any terms and conditions for loan period? If not, paying in a shorter time means more of your monthly payment goes into the loan more than the interest.

You can choose to take a HDB loan first to reduce the amount required for your downpayment now. You then have the option of "switching to" a bank loan before collecting your keys, but do note the following: 1) Since you haven't collected the keys yet, it will still be considered a "new purchase", so you will probably still need to pay the additional 15% downpayment (of which at least 5% of the purchase price must be in cash) 2) The application, approval and loan disbursement process with the bank will take about 2 months. This may end up delaying the key collection (since you cannot collect the keys until loan disbursement) Alternatively, you can collect the keys first, and then refinance to a bank loan after you have paid the HDB loan for about 3 months (to prove to the bank that you're credit-worthy). This also means you don't need to worry about the downpayment since it is refinancing. Hope this helps!

The interest rate shouldn't differ much across the different banks https://www.moneysmart.sg/education-loan https://www.valuechampion.sg/best-education-loan https://www.singsaver.com.sg/personal-loan/education-loan

You probably should check if there is a difference between the full cash car price and the car price with loan first. And determine the depreciation per year. The opportunity cost of paying for a car in full cash is that you could have use the difference between the downpayment and full price to invest in something that can get returns and cover the interest payments. Given that a COE in Singapore is valid for 10 years, the returns for an investment over that period might be reasonable after accounting for the interest payments. Typically a car is considered a depreciating asset. You could pay the downpayment and get a car loan first. Then pay off the loan in full a while later if you decide that you prefer not to have an outstanding loan. Do note that there are finance charges for early repayment of the loan. Typically lost interest payments and other admin fees. Will have to check with financing company or salesperson for more details. Or just pay in full and enjoy the car.

Hi anon The interest you incur on your borrowings is guaranteed. Investment returns are not. Thus I wouldn't do so. 12.8% is really quite extreme. Even borrowing on margin for investing does not incur that level of interest in SGD terms. If you really wanted to borrow to invest, just do it on margin. Financing rates are going to be <3%