Anonymous

14 Jun 2021

∙

If I have to pick between getting a HDB loan versus a bank loan to pay for my flat, which is a better loan to take?

Like which are the lesser of two evils - HDB or bank loan?

AMA Stacked Homes

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Caleb Seah Hua Xiang

14 Jun 2021

I'll go for bank loan as the interest is cheaper.

And i'll save up 24 months of my monthly installment should i get unemployed.

Since i have saved up 24 months worth of MI already, i know that i'll not default on the loan.

Thus i'll just go for bank loan since it will be lower installment amount as the interest rate is lower....

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Victor

10 Jun 2021

Financial Service Consultant at AIA

HDB loan will be the best as if things hit the fans, they will not just kick you out of your house, they will work together with you. Think of the higher interest rate as an insurance cost of not getting possessed if loan default.

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Ryan Ong

25 Nov 2020

Partner at Stacked Homes

Currently, bank loan interest rates are low (about 1.3 per cent is possible), and is likely to stay ...

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