Forum: Banks ought to supply loans for two-room BTO flats


Recently, I approached various banks to use for a house mortgage for my soon-to-be-completed Housing Board Build-To-Order (BTO) two-room flat.

I selected to purchase a two-room flat due to monetary prudence.

However, by way of the applying course of, I came upon that not all banks supply house loans for BTO two-room flats, and this group of latest flat homeowners might must take up an HDB mortgage of two.6 per cent which is greater than double the rates of interest charged by some banks.

Why are people who find themselves financially prudent and dwelling inside their means, in addition to the lower-income who’ve the means to purchase solely two-room flats, penalised by having to pay increased rates of interest?

I hope the related authorities would contemplate trying into this matter. The cash saved may very well be higher utilised for retirement, healthcare or different helpful wants.

Lin Daoyi

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