While it is relatively easy to start a business in Singapore, it can be tedious when finding the right location to house your business. Property prices is a huge determinant for such decisions and given the high land prices in Singapore, it is common for business owners to take up mortgage loans to increase assets and business viability.
Regardless of fixed or floating interest rates, our consultants will help you source for the lowest interest rates in the market so that you can start your business growth on the right foot.
Common Types of Mortgage Loans
Commercial Property Loan
Take a purchase loan when getting new properties
Cash Out Loans
Based on a percentage of the market price of your property’s current built-up value
Personal Residential Loans
A floating or fixed interest loan that you use to finance the purchasing of your new residential property
Commercial Property Loan
Using your property as collateral, you take a purchase loan when getting new properties, or get additional working capital when you refinance your current property.
Business owners that are looking to purchase new commercial properties or refinance their current property. These business entities must be registered and have physical presence in Singapore with at least 30% local shareholdings. Minimum years of operation required varies between different financial institutions. The financial health of your business is also a key deciding factor.
*Subject to current regulatory framework
Loan tenors of up to 25 years* for new properties or 30 years* for refinancing.
*Subject to current regulatory framework
Cash Out Loans
A mortgage loan based on a percentage of the market price of your property’s current built-up value. This approach unlocks the market value in your property without you having to relinquish ownership. Cash out refinancing is subject to a minimum loan amount.
Generally for anyone who owns a private or commercial property.
*Subject to current regulatory framework
Loan tenor of up to 75 years old minus current age, with relatively low-interest rates.
Personal Residential Loans
A floating or fixed interest loan that you use to finance the purchasing of your new residential property. Maximum loan amount is a percentage of property price, subject to current regulations.
Individuals seeking to purchase residential properties, subject to varying requirements from financial institutions.
Loan tenor of up to 30 years or 75 years of age, dependant on type of property purchased. Interest rates are dependent on type of home loan applied for.