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Holla everyone..

I will be moving to Singapore in next month. I am looking for some financial help from banks in Singapore. I am looking for home loan...since will require one :) Can anyone help me understand the working pattern or the bank requirements out there.. Help is really appreciated..
 

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unless you are a PR or citizen, with atleast 2 or 3 years of CPF in bank and more, you cannot get a home loan here.

Unless you get a home loan from an Indian bank, with a branch in Singapore, for a home in INDIA !!

where exactly will your home be ?

Banking system is as same as everywhere - no collateral - no loan, unless you are a PR / Citizen
 

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I think there are certainly some criteria that you would have to meet, such as period of residency, credit, income etc. I highly doubt you would qualify for a home loan straight away but you should check with the local banking institutions like POSB, OCBC, HSBC etc
 

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ecureilx: If you are physically here in Singapore, working, staying over here. Using an offshore holding company is legitimate in every way.

iras is more concern of investors using this method of purchase.
 

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WonderLust: not to drag this, but my quote comes from 3 people I know, who came on FIS, and used the Offshore company method, and still got landed for stamp duty. So can I clarify - using an offshore company, is it grey area or perfectly legal ?? :)
 

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ecureilx: You are missing the point my friend. People who came on FIS do not work in Singapore, it is merely to obtain a PR ship, to make investment and accomodation here much more convenient.

These people are ultimately investors, they fly back to their homeland once the interview is over and thats that.

We are talking about expats who work here in Singapore, who have domicile here. And the answer is still a NO, IRAS won't go after this group of people.
 
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