Too many times, taking up a home loan or refinancing with a small loan amount poses a big headache - legal subsidy.



Legal subsidy is about 0.4% to 0.5% with cap of $1800 for HDB and $2400/$2500 for Private property. This means a loan amount of $300,000 and below can only get a legal subsidy of $1,200 to $1,500. Legal fees are about $2,000 and above. This means a top up is required to cover the balance. This is a bigger issue for property owners with loan amount of $100,000. Imagine a subsidy of $400 only and you coughing up at least $1,600. Unless you are paying 10% in interest rates, there is no way it make any sense to take up such bank home loan.



But wait! There is a home loan offers you FULL LEGAL SUBSIDY for minimum loan amount of $100,000.

Yes you heard it right. The bank is willing to cover legal fees in full and let you take advantage of low interest rates. And why shouldn't you?



Act now! Good home loan product does not last forever.
Click to view the Standard Chartered Tracker Interest Rate Home Loan and then Contact Banker.