01
Home Loan
Finance the purchase, construction or renovation of a home.
Overview
How this loan is structured
The Home Loan is modelled as a long-tenure, property-secured loan, with the rate improving slightly for lower loan-to-value ratios. It covers purchase, self-construction and renovation scenarios in this demo.
Key features
- Tenure modelled up to 25 years
- Fixed or floating rate option (illustrative)
- Covers purchase, construction and renovation
- Partial prepayment allowed without penalty (modelled)
Eligibility
- Applicants aged 21–60 at loan maturity (modelled)
- Verifiable income source (illustrative)
- Property offered as security
Documents (illustrative)
- Proof of identity (demo)
- Proof of income / employment (demo)
- Property documents or sale agreement (demo)
- Bank statements, illustrative last 6 months
Rate & terms (illustrative)
| Detail | Value |
|---|---|
| Illustrative rate (floating) | from 7.10% p.a. |
| Illustrative rate (fixed, 5 yrs) | from 7.85% p.a. |
| Maximum tenure | 25 years |
| Maximum loan-to-value (modelled) | 80% |
| Processing fee (illustrative) | 0.5% of loan amount |
Frequently asked
Yes, this model allows partial prepayment without an early-payment penalty.
Only if the floating option is chosen; the fixed option is modelled as locked for the stated period.
Yes, in this model the financed property secures the loan until it's repaid.
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confirmation
Your Home Loan application has been logged in mode only. Reference no. EDU-000000. No real action has been taken.