Loan for upcoming hdb

[meatsgbride]

Hi all,
My hdb is coming round the corner. I wish to get loans for renovation and furnitures.

But renovation loan will be paid to contractors and they are paid in full before they start renovation. This is worry-ful. You will never know how well they do.

If i will to take a renovation loan, i will need a second loan (maybe personal? ) to cater for the furnitures.

Stressed..

I do not wish to take up so much loan but with wedding round the corner. Its going to be tough.

Can you guys advice me on which is better?
- personal loan for all work?
- reno loan then personal loan to cater for both.

Thank you!

 

[blur_crab]

Hi,
Probably you want to check the payment terms with the contractors again. Always thought that it should be paid progressively.

 

[1aahnoor]

Can you guys advice me on which is better?
- personal loan for all work?

 

[meatsgbride]

I think i will go with personal loan. Its better to pay the contractor phase by phase while you monitor their work

 

[DingOOPS]

always best to do it phase by phase... just in case there are any hiccups with the company halfway through.. or if they don do a good job, you have the upper hand to get them to redo!