The Business Times
business-time-50

New loan scheme to help seniors unlock an income from their home

The scheme disburses an interest-free loan for an agreed portion of the home's future sales proceeds

google-preferred-sourceAdd BT as a preferred source
Genevieve Cua

Genevieve Cua

Published Tue, Mar 29, 2022 · 09:50 PM
    Unlocking income

    Singapore

    RETIREES who are asset-rich but cash-poor can consider yet another loan scheme to help them unlock an income in retirement.

    AN LIVING, self-described as a "socially conscious enterprise", has rolled out a "home monetisation'' loan scheme to help retirees who worry about outliving their savings.

    RetirementLoansDBS

    TRENDING NOW

    Vincent Tan, founder of Berjaya Group, has reduced his holdings in multiple companies within the group.

    Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan

    Altitude Xperience argued that the rooftop space in contention was not considered an unused space.

    Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass

    Some industry watchers wonder if Orchard Road can hold its own next to competing retail destinations, both global and local.

    What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future

    Singapore continues to be an important market for big luxury houses, such as Hermes and Chanel.

    As luxury retail goes big, can Singapore’s Orchard Road keep up? 

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More