Long answer, declaring that you're not taking any housing loan/or taking an HDB loan (HLE) means you probably don't need to pay any part of the 10% downpayment in cash.
Wait till about 6 months before the expected key collection date, then apply for a bank loan. Why 6 months? To ensure that there's no delay in the key collection if your bank loan takes a while to process.
The only "danger" here is if your credit worthiness is negatively affected during the 5 years and thus you are unable to apply for the loan of your choice prior to key collection.
Hi Alicia,
Short answer, yes.
Long answer, declaring that you're not taking any housing loan/or taking an HDB loan (HLE) means you probably don't need to pay any part of the 10% downpayment in cash.
Wait till about 6 months before the expected key collection date, then apply for a bank loan. Why 6 months? To ensure that there's no delay in the key collection if your bank loan takes a while to process.
The only "danger" here is if your credit worthiness is negatively affected during the 5 years and thus you are unable to apply for the loan of your choice prior to key collection.
Hope this helps!