Hi Guys, let say i would purchase under-con properties, target completed 2021 at the same time i would sign SPA within April. Could I be exclude from paying progressive interest if were to service my loan immediately (May)? Is there any other way to not service progressive interest?

Dont want pay progressive interest:

1. Take government LPPSA loan (applicable only if you are government servant)
2. Or buy PPA1M project
3. Or find undercon project with rebranded DIBS scheme. But you still have to pay progressive interest, just that the developer promise to pay you back those amount.


Another thing to note that if the project construction already past the 10% progress or more, and you only make the purchase after that. You need to push your bank to disburse out faster and not to delay. Coz developer will charge you progressive billing straight and if your bank delay in paying out, you will be charged with late payment interest when VP. At the time you want to collect keys, developer will ask you to clear this late payment first.

Thanks bro. Appreciate the feedback.