We have been offering reverse mortgage to private property owners since 1997. HDB is now allowing HDB flat owners to obtain reverse mortgage from us.
We will be the 1st insurer to offer Reverse Mortgage for HDB flat. We hope that older HDB owners will be able to benefit from this .
The key features are as follow:
Eligibility for all flat owners of between 70 to 90 years of age
HDB Flat must have at least a remaining tenure of 50 years at the end of the loan period
Competitive effectove interest rate - at 5% pa (for promotion period)
Loan Quantum - up to the total projected loan not exceeding 70% of the total projected valuation of the property.
Loan Period - Up to 20 years OR 90 years of age OR death, whichever earlier
Subscribe to:
Post Comments (Atom)
:.
0 comments:
Post a Comment