Kelly Trinh

Backoffice technical at financial services firm

23 Nov 2019

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Floating line of credit secured against property - available in Singapore?

Product that I have seen elsewhere but not sure available here - if I have a paid up property, it is possible to pledge as collateral against a revolving line of credit (for own discretionary use).

Looking for something which doesn't have any fees unless I use it (and then of course paying the interest cost)

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Cedric Jamie Soh

23 Nov 2019

Director at Seniorcare.com.sg

Yes, it should be available if my memory serves me correct, you can speak to a banker or just email some of the local banks.

(not available for HDB or properties that you used CPF to paid)

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