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The home loan under the affordable Housing scheme targets a lower income bracket of earners. It makes the journey to home ownership a reality for all.
We make it possible for you to purchase your residential home from estates or outside estates.

Benefits

Financing of up to 100%

Financing of up to 100% of the value of the property or sale price whichever is lower for a residential home.

No penalties for early principal reductions

No penalties for early principal reductions.

No penalties on accelerated monthly repayments

No penalties on accelerated monthly repayments.

Pre-approval documents *

  • Submission of a duly filled personal loan application form.
  • A copy of National ID card /passport (for foreigners) of borrower (and spouse if their income is included, they are joint borrowers or if a guarantor). Originals to be sighted by the Loan Officer and confirmed as such (Certified as True copy of Original.
  • Copy of a Valid working permit (for foreigners).
  • Copies of employment (offer of employment, service certificate, salary certificate, latest three months’ pay slips).
  • CVs for employed persons on contracts to assess the employment history and future employability in case of termination.
  • Tenancy contracts where rent is considered as source of repayment – originals to be sighted and confirmed as such by Loan Officer.
  • Copy of marital status certificate (singleness, marriage, divorce, or widow(er).
  • Copy of property ownership documents (for secured facilities).
  • Current valuation report done by a valuer on BPR Bank list of approved valuers (for facilities secured by real estate ).
  • Proforma invoices /sale agreement of movable/immovable property to be purchased (where applicable).
  • Six months bank statement if not banking with BPR Bank.
  • Positive CRB report.
  • Outstanding loan certificates for takeovers.
  • RSSB code (number where applicable).

Rates & Fees*

  • Max tenor of 300 25 years.
  • Facility fees (one off) at 2%.
  • Management fees of 0.1% per month.
  • Interest Rate of 11% p.a..

*Rates are subject to change.*

Interested in Affordable Housing Scheme Home Loan or have a question?

I am an existing BPR Bank customer

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