facebookWhen do I need to pay my 25% downpayment if I choose to go for bank loan? - Seedly

Anonymous

29 Sep 2020

Property

When do I need to pay my 25% downpayment if I choose to go for bank loan?

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Peter Lin

29 Sep 2020

Brand Comms Lead at Mortgage Master

I'm assuming you are referring to HDB BTO because that's what was tagged. You will need to pay HDB the downpayment within 4 months of the date of the Option to Purchase and within 1 month of signing the Agreement for Lease.

This timeline is regardless of whether you go for a HDB loan or a bank loan, actually!

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