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Kendrick Khoo

Edited 25d ago

∙

HDB or Bank Loan for those turning 55?

Hi. I will be turing 55 next year. I will also be upgrading from a 4rm to 5rm resale HDB soon. Will it be better to take a bank loan (2.48% interested) and put the sales proceed from selling the 4rm (about $200k) into the retirement account to earn the higher interest (4%) rather than use it to offset for the next flat? I have met the FRS when i turn 55 next year. Thanks.

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YOC

8d ago

Do you foresee staying in a job to be able to finance ur loan? and whether the bank will be able to loan the amt you need?

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yiyik

20d ago

?

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1M45

Edited 25d ago

Depend on how stable is your monthly cashflow and if you have sufficient cashflow to handle the mont...

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