Hi tulips, we will be meeting up with StanChart banker today. We understand that StanChart has the best rates at this moment - 1.5% interest for the 1st year.
Yes, if you take bank loan, 5% has to be in cash. You may not want to wipe out your CPF for next 15% payment as we were advised by our agent that in case of any 'touch wood' event like retrenchment, you should still leave about 8 months CPF money in CPF first. this is the good thing about taking bank loan *trying to console ourselves*.. haha..