Housing has just become even more affordable now - UOB offers 50-yr loan

[Confuseous]

UOB said that they are introducing this longer term loan because customers have been asking for it.

Applicable to private and HDB residential only.

If a borrower takes out a 50-year loan for $1million at an interest rate of 1.7%, his payment only $2,475pm vs $3,220pm for a 30-year loan.

See, Affordable Mah was right all along - properties in Singapore ARE affordable!

 

[wendychan]

great way to live....

 

[BuiKia]

One particular group of people will take up the loan...it is like those 10 years car loan..most of those people taking it are those who loves instalments.

You will start seeing a particular group staying in bigger units....