{"id":8146,"date":"2016-03-15T10:11:07","date_gmt":"2016-03-15T03:11:07","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/900-families-got-a-third-hdb-loan-in-2015\/"},"modified":"2016-03-16T21:08:25","modified_gmt":"2016-03-16T14:08:25","slug":"900-families-got-a-third-hdb-loan-in-2015","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/900-families-got-a-third-hdb-loan-in-2015\/","title":{"rendered":"900 families got a third HDB loan in 2015"},"content":{"rendered":"


\nThe HDB is willing to grant a third loan for exceptional cases, like when households find it tough to get a bank loan.
\nThe Housing and Development Board (HDB) granted a third housing loan to around 900 families last year, according to National Development Minister Lawrence Wong during a parliamentary session on Monday (14 March), reported Channel NewsAsia.
\nOf this, 25 percent are concessionary loans, while about 75 percent consisted of non-concessionary loans, which are based on market rates.
\nHe explained that the agency is willing to help families obtain a third HDB housing loan, but it will only be allowed for exceptional cases, usually for households that cannot acquire mortgages from banks, but are in urgent need of such financing.
\nHowever, a requirement is that these families should have ample savings and stable incomes to repay their monthly loan instalments.
\n\u201cAs I said, HDB would want to assist applicants to buy a home. But HDB is also wary of people or families, who overstretch themselves, and end up with more debt. I don\u2019t think we want that to happen just for the pursuit of buying a home,\u201d Mr Wong added.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…900 families got a third HDB loan in 2015<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The HDB is willing to grant a third loan for exceptional cases, like when households...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-8146","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-27o","jetpack-related-posts":[{"id":102974,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/65-of-490440-flat-owners-took-out-hdb-loans\/","url_meta":{"origin":8146,"position":0},"title":"65% of 490,440 flat owners took out HDB loans","date":"January 15, 2019","format":false,"excerpt":"\r \u00a0 The Ministry of National Development revealed that 490,440 Housing Board flat owners were servicing mortgages as at end-2018, of which 65 percent (320,526) took their loan from HDB. 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