Access additional cash without changing your existing home loan.
Mr Tan owns a private property with an existing home loan. Over time, the value of his property has increased. Based on the property’s current market value and prevailing loan guidelines, he considers taking up a cash-out term loan alongside his existing housing loan.
In this situation, the cash-out loan is booked separately, while the original home loan remains unchanged. This allows him to access a lump sum from his property’s value, while continuing with his existing loan arrangement.
Unlock cash from a fully-paid property without selling it.
Mr Lee owns a private property with no outstanding home loan. He considers taking up a cash-out term loan using his property as collateral to access liquidity, while continuing to live in the property.
The loan is repaid through regular monthly instalments over the selected tenure, similar to a standard term loan. The amount that can be borrowed depends on the property’s value and prevailing loan guidelines.
