Hi Nichiyobi
1) I had apply the loan but the bank still in processing stage;
2) For the valuation of new flat, I told the bank, I won't know the value as this is a totally new flat, they say they will check it by themselves then.
3) Yes, if unable to pay the loan to the Bank, the bank will take over the flat & sell it off. So, it is advisable to loan from HDB than Bank if you can.
4) Maybank did not restricted the loan figure, unlike other bank, which must be minimum $100K. In fact, Maybank now got promotion, 3yrs fixed rate which apply to all loan figure, regardless you loan less or huge.
You may check with Maybank, they can give you a much clearer picture than me