If you want to buy a new property or construct on your existing property, then it’s no brainer to opt for bank housing loan Singapore. Even if you have enough savings to fund this operation, you should avoid it as much as possible. The reason is simple when you take a loan from a bank and repay it from time to time, not only does your credit score improves, but also you get tax benefits.
More importantly, you can keep your savings intact for emergency situations. So, never try to use your personal savings when you can take a home loan to fund your house construction or purchase.