Revision to Spring Singapore Loan

From the Banker



Spring Singapore has made some revision to the current Micro/ Bridging loans.
Among the revision, there are 2 main points I felt business owner should really take note.

First, the loan tenor has changed from maximum of 4 years to 2 years, meaning monthly repayment will become MUCH higher, from about 2.7k per annum to about 7-8K per annum for a 100k Loan at 5% interest rate (effective).

The second important point to note is the rise in interest rate from 5% to 5.5%, meaning the cost of borrowing to the business owner becomes higher.

Therefore, if you are thinking about borrowing additional working capital for your business, it would be advisable to do it quickly before 1 Feb when the new policy take effect.

From the management of Your Boss Advisors

Purchasing your first HDB flat

From your property advisor



Purchase of New completed HDB flat

Many people have questions regarding the process of purchase of HDB flat.
Today I hope to be able to clear some doubts in your head by explaining how the normal process is going to look like.

Phase 1.
After paying a booking fee (option to purchase which is unfixed amount), you'll be submitting a housing application to HDB. (Cash payment)

Phase 2.
Then, roughly about 2-3 months, the HDB will make a second appointment with you to complete the transaction with you together with the stamp duty fees.

Phase 3.
Then, if you have brought your HDB house with a bank loan or CPF loan, this is the time you will be start paying your outstanding amount of money, owed to bank.

Simple.
Hope this helps

From the management of Your Boss Advisors

A warm welcome to Your Boss Advisors

A very warm welcome to you, for visiting Your Boss Advisors.
We all know that bosses are a group of special people who are extremely resources and well equipped with insider knowledge across all field to ensure their success. We also know that they usually their own panel of advisors who could be friends or highly expensive professional, both existed to provide them ready advices to help them make the correct decision all the time.
Have you ever imagined you could be like them? Like your bosses? Yes you can! and that's why we created this blog in the hope to bridge the differences between a normal blue collar workers and their bosses, and allowing them to find out how can they improve themselves to one day become successful too.

From the management of Your Boss Advisor