Is the new DBS Home Equity Income Loan really an attractive op | Smart-Towkay.com 🐘
Is the new DBS Home Equity Income Loan really an attractive option for seniors?
As a partnership of sorts between the Central Provident Fund (CPF) and the Development Bank of Singapore (DBS), the DBS Home Equity Income Loan is a new loan product that allows senior retirees to borrow money at a fixed rate against their fully paid private residential properties. The money will go towards their CPF retirement sums, allowing them to receive higher CPF Life monthly payouts.
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