New Loan for 3rd time possible only under exceptional circumstances, says HDB
Singaporeans can only get a 3rd housing loan under exception circumstances, said the minister for National Development, Mr. Khaw Boon Wan in a written response to a request from parliament.

The Terrace EC Housing Loan

If however you are approved The Terrace EC it will be at a higher interest rate tied to current market rates for The Terrace EC which are higher that the HDB’s normal rates.

“”{A loan for a 3rd mortgage is usually for those who have shown a need for housing and due to poor credit records are unable to secure a bank loan even if they have a steady income,”” Khaw added.

The Terrace EC Punggol

However, the HDB may still offer a Altura EC third mortgage for with Park Hill a higher interest rate for homebuyers undergoing genuine hardship, if The Myst…