Your Ultimate Guide to your first BTO
Planning to buy your first BTO and wondering about the finance and procedure of it? Read on to find out more about how it works.
First, it will be useful to outline the process of getting your BTO flat: 1. Determine your eligibility You can check your eligibility here 2. Balloting When it comes to balloting, the truth is, there is no guarantee you will be getting a slot
3. Applying for HDB or Bank loan to finance your BTO If you are applying for an HDB loan, a HDB Loan Eligibility (HLE) letter is necessary. If you are using a bank loan, you will need the Approval-in-Principle (AIP) from the relevant bank that you are applying from.