Borrowing against your property
Questions to consider before taking an equity loan.
Understand the new debt
An equity loan releases cash against eligible private property. It creates a repayment obligation secured against that property.
Check the available amount
Valuation, existing loans, CPF used and the bank’s lending criteria affect how much may be available.
Set out the purpose
Tell the bank how you intend to use the funds. Check any restrictions and compare the cost with other ways of funding the same need.
Plan the repayments
Test whether you could still repay the loan if income falls, rates rise or the intended use of the money does not produce a return.
Useful links
General information. Confirm the requirements for your transaction before committing.
Let’s talk about your loan.
Tell us what you have in mind. No obligation.