10% Deposit Scheme

Aim of the Scheme

The 10% Deposit Scheme assists people who, despite being eligible for a home loan, do not have the necessary liquidity to pay the required 10% down payment on the promise of sale signing, thus becoming homeowners.

Under this scheme, the bank provides the 10% deposit through a personal loan, which is repayable over 25 years, with the Housing Authority covering the interest incurred.