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Housing Loan Form Template for Singapore

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Key Requirements PROMPT example:

Housing Loan Form

"Need a Housing Loan Form for a first-time HDB buyer in Singapore, with a loan amount of SGD 500,000 and a 25-year tenure, including provisions for CPF usage and requiring a guarantor due to variable income."

What is a Housing Loan Form?

The Housing Loan Form is a critical document in Singapore's property financing landscape, designed to facilitate residential property purchases while ensuring compliance with regulatory requirements. This document is used when individuals or entities seek financing for residential properties, whether private or HDB. It includes comprehensive sections covering borrower information, property details, financial status, and loan terms, all structured to meet Singapore's strict lending criteria including TDSR and LTV limits. The form serves as both an application tool and a record of the borrower's declarations and commitments.

What sections should be included in a Housing Loan Form?

1. Loan Application Details: Basic information about borrower including personal details, contact information, and nature of loan request

2. Property Information: Details of the property being financed including address, property type, purchase price, and valuation

3. Financial Information: Comprehensive details of borrower's income, existing loans, and financial commitments including credit assessment

4. Loan Terms and Conditions: Specific terms including interest rate, loan tenure, repayment schedule, and default conditions

5. Declaration Section: Borrower's declarations regarding accuracy of information and acknowledgment of terms

What sections are optional to include in a Housing Loan Form?

1. Guarantor Information: Additional section for cases requiring a guarantor, including guarantor's personal and financial details

2. CPF Usage Declaration: Section detailing the intended use of CPF funds for property financing and monthly repayments

3. Insurance Requirements: Section specifying mortgage insurance requirements and coverage details

What schedules should be included in a Housing Loan Form?

1. Schedule A - Income Documents Checklist: Comprehensive list of required income verification documents and supporting materials

2. Schedule B - Property Valuation Report: Detailed professional valuation report of the property including methodology and comparables

3. Schedule C - Fee Schedule: Itemized breakdown of all applicable fees, charges, and commissions

4. Schedule D - TDSR Calculation Worksheet: Detailed worksheet showing calculation of Total Debt Servicing Ratio as per MAS guidelines

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions








































Clauses






























Industries

Banking Act (Cap. 19): Primary legislation that regulates banking institutions and their lending practices, including provisions on credit facilities and security requirements

Moneylenders Act (Cap. 188): Regulates money lending activities and applies to non-bank lenders, setting out requirements for money lending practices and consumer protection

Housing and Development Act (Cap. 129): Key legislation for HDB properties, containing specific provisions about financing public housing flats and related transactions

Residential Property Act (Cap. 274): Governs residential property transactions for private properties, including restrictions on foreign ownership and property financing

MAS Guidelines: Regulatory framework including Total Debt Servicing Ratio (TDSR), Loan-to-Value (LTV) limits, and Mortgage Servicing Ratio (MSR) requirements

Consumer Protection (Fair Trading) Act: Protects consumers against unfair practices and ensures fair trading terms in financial contracts

Unfair Contract Terms Act: Regulates unfair terms in contracts and provides protection against unreasonable contract conditions

Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data in loan applications and processing

CPF Rules: Regulations governing the use of Central Provident Fund savings for housing loan payments and property purchases

Stamp Duties Act: Legislation governing stamp duty payments related to property transactions and loan documents

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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