Can I declare that no loan will be taken for a lower downpayment fee and change to bank loan for BTO downpayment?

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!