Issue:

I am withdrawing EPF for 10% downpayment and am waiting for EPF approval.

I want to pay this 10% downpayment according to the 12-month interest-free installment via credit card.

My SA told me that I am not eligible for this "package".

I asked him for the "requirements". He told me that those who opt for EPF withdrawal will not be getting this "package".

Share your opinion
What if...

I want this package so badly that I forfeit/reject/spoil/cancel my EPF withdrawal application? My SA told me I CANNOT do that!
I kept asking for the "requirements" validity and he then told me that it's his boss' decision on this.
My question: Does my EPF application has anything to do with it? I always think that to take EPF or not IS MY PERSONAL decision and the developer should not question about it as long as I can afford the 10% downpayment (follows by 90% bank loan).
Kindly enlighten me

is de developer lawyer handling ur bank loan agreement as well?

If they take away the partition then it is a good news for me. 

Frankly speaking, i hate that partition since it "eats up" the space.

Meaning, we don't need to do anything already (ie. reinitial certain docs, etc)? Hmm, cant really remember the lawyer told me about this when i was signing my s&p.

As per what I know, developer will issue letter to bank to advise for money release, and the deadline will be 21 working days from the date of letter issued out.. If any parties' (lawyer, bank, government, or whoever) process slow down and causes any delay.. Yes, the late payment interest (daily calculated, as per S&P agreement) of 10 % per annum is to be bared by the purchase, which is.. US.

That's why, developer always advise us to choose for their bridging banks so 'minimise' the risk of late payment ....