Housing Loan

champions way residences is brand new development located in district 25 singapore comprising of

Housing Loan Information

When it comes to purchasing Champions Way Residences, many buyers often require financing in the form of a housing loan. A housing loan is a type of loan that is specifically designed to help individuals purchase a property. In Singapore, there are various banks and financial institutions that offer housing loans to buyers.

First LoanSecond LoanThird Loan
Loan TenureUp to 30 years31-35 yearsUp to 30 years31-35 yearsUp to 30 years31-35 years
AgeAge used to calculate loan tenure, will be based on income-weighted
Up to 65Up to 70-75Up to 70-75Up to 65Up to 70-75Up to 70-75Up to 65Up to 70-75Up to 70-75
Maximum LTV Limit75%55%55%45%25%25%35%15%15%
20% (non-individuals)
Minimum Cash Downpayment5%10%10%25%25%25%25%25%25%
Gaurantors / Co-borrowersAll Co-borrowers must be mortgagors.
Guarantors must be co-borrowers if the latter did not pass the TDSR criteria
Mortgage Servicing RatioN/A
Total Debt Servicing Ratio55%
Stress Test Interest Rate4%