Hong Leong Finance rolls out loan scheme to help retirees monetise private homes
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
HONG Leong Finance on Wednesday said it is rolling out a new loan programme that provides flexibility to help retirees monetise their private home properties.
Called "Mortgage Equity@50", the new loan programme is launched in the wake of the government's recent relaxation of the Total Debt Servicing Ratio (TDSR) framework for mortgage equity withdrawal loans with loan-to-value (LTV) ratios of 50 per cent and below.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
