Will bank reassess our income and allow us to borrow higher loan amount when close to BTO key collections?

Hello there,

In my personal experience, taking up a bank loan upfront for your HDB might not be an ideal situation for most. This is due to the high liquidity required, as well as the high downpayment required for your HDB BTO. As you mentioned, you both are currently drawing an income which does not meet the criteria for your loan.

While yes, bank loans do offer a lower interest rate with reference to a HDB loan, you can take up a HDB loan and switch to a bank loan after you have gained an increase in your drawn incomes. In the interim, the lower downpayment might help you to secure the flat, while you source for your funding to make up the difference of 200k.

Hope i was able to shed some insight!