Housing Loan Singapore
Housing in Singapore is ridiculously expensive, and prices only keep increasing. Of course, we have more affordable HDBs, but although they’re more affordable than private properties, they’re still going to break your bank.
But it’s a basic necessity to have a comfortable home for you and your family to live in. And no one should be denied housing because they cannot afford it.
That’s why here at 118 Credit, we have home loans for both future HDB and private property owners to support in getting the perfect home.
What is a Housing / Mortgage Loan?
- Your property is used as collateral
- The loan mount granted is based on eligibility
- The loan is disbursed after the downpayment is made, when you pay the remaining amount to the seller or developer
- Interest is charged from the first disbursement
Why Choose 118 Credit for a Housing Loan?
We have a very streamlined, easy loan process for those taking out a housing loan. Our home loans have benefits like:
Easy and quick online loan application
It's faster to get a loan with us, compared to getting a bank loan. With a high home loan approval rate, you can count on us to meet your financing needs.
Fast and efficient customer service and a personal loan assistant
We have a mortgage specialist available to answer any concerns you have. So you can have peace of mind, knowing you are in good hands.
Competitive home loan interest rates
Our interest rates are attractive and close to market rates, making us the preferred choice among many home owners.
Apply for a Housing Loan with 118 Credit
Get An Instant In-Principle Approval And Collect Your Money On The Spot!
Eligibility and Required Documents for a Home Loan in Singapore
Eligibility:
- Be at least 21 years old
- Be a Singapore citizen, PR or have a valid work pass
Documents Required:
Personal and Property Information
- NRIC (for Singaporeans and PR) / Passport (for foreigners) of all applicants
- HDB Flat & Financial Information
- Option to Purchase or Sales & Purchase Agreement
- Value confirmed by HDB (for HDB resale)
- Valuation report (for Private Property & Executive Condominium)
Income Documents
- Latest Notice of Assessment or 12 months CPF Contribution History
- Latest 3 months’ payslips (if you are working for less than 3 months, you may submit your latest payslip and employment contract)
- Latest loan statements (e.g. credit card, home loan, student loan, renovation loan etc)
- Latest 3 months’ salary crediting account statements (additional documents required for customers working overseas)
Home Loan Process
We are here to support you get your dream home. That’s why we made our home loan process application process simple!
You will select the loan package and discuss the terms and conditions with our assistant.
They will also work out a comfortable repayment and interest scheme for you. We will not hide any charges and fees, everything will be told to you straight-up. We value integrity at 118 Credit.
Upon checking of documents and loan approval, you will accept & sign the loan agreement.
Appoint a panel lawyer for mortgage documentation and sign the mortgage document at the lawyer’s office.
Once documentation from the lawyer is in place, and all terms and conditions are complied with, 118 Credit will disburse the loan.
Apply for a Monthly Installment Loan with 118 Credit
Get An Instant In-Principle Approval And Collect Your Money On The Spot!
FAQ
Money Loans Offered in Singapore
How to find us
- Operating Hours:
- Monday to Friday: 11 AM — 8 PM
- Saturday: 11 AM — 4 PM
- Closed on Sundays and Public Holidays
- Rochor MRT Station (Downtown Line DT13) Exit A, one minute walk to Burlington Square
- Bus Services to Opposite Burlington Square 64 / 65 / 131 / 139 / 147 / 166 / 857
- From Fortune Centre: Bus Services 56 / 980
- From Novena MRT Station: Bus Services 56 / 131 / 166 / 980
Phone number