We know how heavy a decision can feel when your home holds both memories and potential. You may be thinking about cashing in equity to fund retirement plans, a new business, or a family milestone. We stand beside you with calm, clear guidance.
Property Equity Loan helps you compare fixed-rate and SORA-pegged home loan options, so you choose what fits your timeline and risk comfort. Many banks let you apply and accept offers digitally via Singpass/Myinfo, which speeds things up.
Typical minimums often start from S$200,000 for HDB flats and S$300,000 for private units. Lenders look at age, income, liabilities, and credit history. MAS posts the Compounded SORA at 9:00 am on business days — an important marker for market-linked packages.
Key Takeaways
- We turn complex mortgage choices into simple steps you can follow.
- Digital uploads and bank website tools speed approval and reduce hassle.
- Eligibility often begins at age 21; affordability depends on income and liabilities.
- Choose fixed rates for predictability or SORA-linked plans for potential savings.
- Contact us via WhatsApp to request tailored information and next steps.
Why Choose Property Equity Loan for Your Home Financing in Singapore
We guide you with clarity and speed. Choosing the right financing partner makes turning home equity into cash straightforward and secure.
Personalized mortgage guidance with fast responses. We give 1-to-1 advice that breaks down interest rates, fees, and features in plain English. Our team compares fixed and 1M/3M Compounded SORA packages and explains how a rate review can change your monthly payments.
Digital convenience. Apply online, upload documents via Singpass/MyInfo, and accept offers digitally. That means fewer branch visits and a faster outcome.
- We confirm eligibility early—age, income, liabilities, and credit are checked so you can plan ahead.
- We explain LTV scenarios (for example, up to 75% for new private purchases with no outstanding housing loan).
- Connect with us via WhatsApp to get the latest deals and timely rate updates.
Quick comparison
| Feature | Fixed Rates | 1M/3M Compounded SORA | Notes |
|---|---|---|---|
| Payment predictability | High | Variable | Fixed suits budgeting; SORA may save costs when rates fall |
| Rate review frequency | Set term | Monthly or quarterly | SORA published by MAS at 9:00 am on business days |
| Best for | Long-term certainty | Those who watch market rates | Please refer to each lender’s disclosures for full terms |
property loan singapore
How you pick between fixed and market-linked rates affects both cash flow and total cost.
Fixed rates vs 1M/3M Compounded SORA: choosing the right interest structure
Fixed packages give predictability. Your monthly payment stays steady for the term you pick.
SORA-linked options follow market moves. The 1M/3M Compounded SORA is built by compounding daily SORA and is published by MAS at 9:00 am on business days.
- Fixed = stable payments; SORA = variable but may lower cost when market rates fall.
- Each 3M Compounded SORA is set at the rate review date and applies for the next three months.
Loan-To-Value up to 75% for new purchase of private property
For a new purchase of private property with no existing housing financing, you may access up to 75% LTV of valuation or purchase price, whichever is lower.
We show how this affects cash and CPF outlay so you can plan affordability clearly.
Flexible loan tenure options to match your needs
Shorter terms cut total loan interest but raise monthly payments.
Longer terms lower monthly cost but increase total interest. We tailor suggestions to your income and goals.
Eco and green home financing perks for energy-efficient homes
Some banks offer green packages. Complete the BCA THEEA assessment to qualify for selected energy perks.
Property Equity Loan helps you compare options and prepares your application for faster approval. Whatsapp us at to get latest deals.
Eligibility, Requirements, and Documents
Knowing the basic eligibility rules helps you prepare the right paperwork early. We outline the key checks and the documents that speed up assessment.
Age and income checks
You should be at least 21 years old with a steady income to meet common eligibility for a home loan.
Banks assess your income, existing liabilities, credit history, and age to judge repayment capacity.
Minimum amounts and purchase thresholds
Typical minimums start from S$200,000 for HDB cases and S$300,000 for private purchases. We confirm exact thresholds with each bank before you apply.
Documents checklist
Prepare clear copies of your NRIC or Passport, the Option to Purchase or Sale & Purchase Agreement, and recent loan statements for refinancing.
Also include income proofs such as Notice of Assessment and CPF contribution statements. Self-employed applicants should provide two years of tax assessments.
| Checklist item | When needed | Why it helps |
|---|---|---|
| NRIC / Passport | All applicants | Identity verification for the bank |
| Option to Purchase / SPA | Purchase cases | Confirms purchase details and timelines |
| Loan & tenancy statements | Refinance / rental income | Shows liabilities and income sources |
| Notice of Assessment / CPF | All employed / self-employed | Proves declared income for assessment |
Conditions governing offers can include lock-ins, prepayment terms, and repricing rules. We explain these so you accept with confidence.
Many banks accept online submission via Singpass/Myinfo on their website. For tailored help, Property Equity Loan guides your assessment and document pack. Whatsapp us at to get latest deals.
How Our Application Process Works Today
We guide you step by step so applying feels secure and fast.
Assess your affordability and desired loan amount
Start with a clear affordability calculation so your target amount fits your budget and goals.
We assess income, liabilities, and future plans and map timelines for HDB and private purchase milestones. This helps set a realistic target amount and tenure that match your comfort level.
Apply online with Singpass/Myinfo for greater convenience
Apply via the lender’s website and use Myinfo for verified data. This reduces manual entry and speeds checks.
We prepare your documents and package selection so the bank sees a clear, well-supported case. That lowers delays during business peaks.
Get, review, and accept your letter of offer digitally
When approved, you receive a digital letter of offer by email or SMS. We review pricing, lock-in, prepayment options, and tenure with you in plain language.
Accept online in minutes, track any outstanding requests, and let us coordinate with the bank and your lawyer until completion.
| Step | What happens | Who helps |
|---|---|---|
| Affordability | Income, liabilities, and assessment to set target amount | Property Equity Loan advisors |
| Application | Online submission via Myinfo; documents uploaded | Applicant & bank |
| Offer & Review | Receive letter; we explain terms, tenure, and fees | Advisor review |
| Acceptance | Digital acceptance and follow-up coordination | Advisor, bank, lawyer |
Throughout the process, we provide timely information and manage each request from the lender. Whatsapp us at to get latest deals and personal support.
Transparent Terms, Rates, and Costs
When terms are clear, you can compare real cost — not just headline rates.
Understanding interest rates, rate review, and terms and conditions governing mortgage loans
We explain how interest is set and when it changes. For SORA-linked packages, the 1M/3M Compounded SORA is published by MAS at 9:00 am on each business day and applies from the rate review date for the next period.
Please refer to each bank’s website for full terms conditions governing your chosen package.
Prepayment flexibility, fees, and zero partial prepayment options
Some products allow partial prepayment during a lock-in but charge fees. Others offer zero partial prepayment options.
We walk you through likely fees — breakage, legal subsidy clawbacks, or repricing charges — so you understand the trade-offs before you commit.
Credit assessment factors: age, income, liabilities, and credit history
Lenders assess creditworthiness based on age, income, liabilities, and credit record.
We prepare your profile so your application is clear, accurate, and competitive.
- We show how loan interest accumulates over years and how tenure choices change total cost.
- We compare terms and conditions to match your goals for certainty or flexibility.
- For deeper detail, read our guide to home loan interest rates.
Conclusion
Good financing fits your life — not the other way around.
We guide HDB and private property pathways so you can compare options with clarity. Digital applications via Singpass/Myinfo speed the process, and MAS publishes 1M/3M Compounded SORA at 9:00 am on business days to inform timing.
We check basic requirements — age, income, identity, Option to Purchase or S&P, and other documents — and explain LTV guidance such as up to 75% for certain new private purchases with no outstanding housing financing.
Property Equity Loan helps you weigh tenure, interest, and green benefits for energy-efficient homes. Share your goals and we’ll present clear options. Whatsapp us at to get latest deals and a practical action plan.
FAQ
What is a property equity loan and how can it unlock my home’s value?
A property equity loan lets you use the value built up in your home as collateral to access cash. We assess your outstanding mortgage, remaining value and eligibility to offer a tailored financing amount. Use proceeds for renovations, investment, or debt consolidation while keeping ownership and control.
How do fixed rates compare with 1M/3M Compounded SORA for interest structure?
Fixed rates give predictable monthly payments for a set period. 1M/3M Compounded SORA typically tracks market moves and may offer lower starting rates but can change with market conditions. We explain trade-offs and recommend structure based on your risk tolerance and cash-flow plans.
What maximum LTV can I expect for a new private purchase?
For a new purchase of a private unit, you may qualify for up to 75% loan-to-value depending on your profile and the property’s status. Final LTV depends on age, income, existing financing and the lender’s underwriting rules.
What loan tenure options are available and how do I choose?
Tenures range from short terms to multi-decade arrangements. Shorter terms reduce total interest but raise monthly payments. Longer terms lower monthly payments but increase interest paid. We model scenarios so you balance cash flow and long-term cost.
Are there incentives for energy-efficient or green homes?
Yes. Some lenders offer preferential pricing or perks for certified energy-efficient homes. If your unit meets green standards, we can include those benefits in your comparison to lower effective borrowing costs.
Who is eligible to apply and what are the age requirements?
Applicants must be at least 21 years old with a stable income. Eligibility also factors in age at loan maturity, existing liabilities and credit history. Self‑employed applicants provide business documents for assessment.
What are the minimum financing amounts for HDB and private purchases?
Typical minimum amounts are S0,000 for HDB-backed cases and S0,000 for private units. Minimums can vary by lender and product, so we run an assessment to confirm your options.
Which documents do I need to apply?
Prepare your NRIC or passport, recent income proofs (CPF statements, payslips or tax returns), the Option to Purchase if buying, and details of existing loans. Additional documents may be requested during credit assessment.
How does the application process work and how long does approval take?
We assess affordability and desired amount, then you apply online using Singpass/MyInfo for convenience. Lenders review documents and credit; you’ll receive a letter of offer to review and accept digitally. Typical turnaround ranges from a few days to a couple of weeks depending on complexity.
Can I apply using Singpass/MyInfo and what are the benefits?
Yes. Applying with Singpass/MyInfo speeds up verification, reduces paperwork and helps us prefill key details securely, so you get faster responses and fewer document requests.
How are interest rates reviewed and what terms should I watch?
Rates can be fixed or linked to SORA indices and reviewed per the product terms. Watch the review frequency, repricing clauses and any caps or floors. We walk you through all terms and conditions governing your mortgage so there are no surprises.
Are there prepayment options and fees I should know about?
Many products offer partial or full prepayment, some with zero partial prepayment penalties, while others charge fees. Prepayment flexibility and early repayment charges differ by lender; we highlight costs and savings to help you choose the best fit.
What factors affect credit assessment and approval?
Lenders evaluate age, income, existing liabilities, employment stability, credit history and property value. Accurate documentation and a clear financial profile improve approval odds and access to better pricing.
How can I get personalised guidance and the latest rates?
We provide personalised advice with fast responses. Contact us via WhatsApp to receive the latest deals and rate updates, or submit an online enquiry for a tailored assessment and offer comparisons.
