ATTRACTIVE Book Appointment Promotion ATTRACTIVE Book Appointment Promotion ATTRACTIVE Book Appointment Promotion ATTRACTIVE Book Appointment Promotion ATTRACTIVE Book Appointment Promotion Progressive Payment Calculator Progressive Payment Scheme CalculatorNormal Payment Scheme (NPS), also known as Progressive Payment Scheme, allows you to service your loan via monthly instalments progressively as the property is being built. Purchase Price ($)*Eg; 900,000Loan Term (Years)*Eg; 30Interest Rate (%)*Nationality Singaporean Permanent Resident Foreigner Corporate EntityYou currently Do not own a Property Own 1 Property Own 2 Properties or moreYou are currently servicing No Housing Loan 1 Housing Loan 2 Housing Loans or moreFinancial AnalysisBreakdown of Purchase Price (100%)FeesFunds RequiredPercentageBooking Fee (OTP)Cash OnlyExercise Fee (S&P)Cash or CPFHousing LoanMaximum Bank Loan (LTV)Other Mandatory FeesBuyer's Stamp DutyCash or CPFAdditional Buyer's Stamp DutyCash or CPFLegal Fee (Approx)Cash or CPFGrand TotalTotal Funds RequiredMonthly InstalmentsStagesMonthly PaymentDisbursement AmountThis is the amount disbursed to the developer from the bank that you have taken the housing loan from.Stage 1: Foundation Work (10%)Completion of foundation workStage 2: Reinforced Framework (10%)Completion of reinforced concrete framework of unitStage 3: Partition of Walls (5%)Completion of partition walls of unitStage 4: Roof / Ceiling (5%)Completion of roofing / ceiling of unitStage 5: Door/Window/Electric/Piping (5%)Completion of door sub-frames/ door frames, window frames, electrical wiring, internal plastering and plumbing of unitStage 6: Carpark/Road/Drain (5%)Completion of car park, roads and drains serving the housing projectStage 7: TOP (25%)Temporary Occupation Permit - Receive keys, allowed to physically move inStage 8: CSC (15%)Certificate of Statutory Completion - When all the building works are fully completed*Figures are rounded to nearest dollar.*Timeframe for each stage for stage 1-6 is between 3-9months (approx).*Instalments progressively increase as the property is being built, as shown above. You do not need to service the full housing loan immediately.*Monthly instalments can be paid via funds from your CPF's Ordinary Account (OA) or Cash or both.*Disclaimer: The computation above is indicative and for illustrative purposes. Any person acting upon or in reliance of this information does so entirely at their own risk. No warranty whatsoever is given and no liability is accepted by us behind this calculator for loss arising directly or indirectly as a result of any action or omission made in reliance of any information presented herein at any time.
