Payment Scheme-EC

Payment Scheme – Choose either ‘NPS’ or ‘DPS’

Normal Payment Scheme (NPS)

Normal Payment Scheme (NPS), also known as Progressive Payment Scheme, allows you to service your loan via monthly installments progressively stage by stage as the property is being built.

Stages	Payment Under a Standard Payment Scheme (% of Purchase Price)
Upon the grant of Option to Purchase	5% (Booking Fee)
Upon signing of the Sale & Purchase Agreement or within 8 weeks from the Option date	15%
Completion of foundation work	10%
Completion of partition walls of unit	5%
Completion of roofing/ceiling of unit	5%
Completion of door sub-frames/ door frames, window frames, electrical wiring, internal plastering and plumbing of unit	5%
Completion of car park, roads and drains serving the housing project	5%
Notice of Vacant Possession (TOP)	25%
On Completion date	15%

Deferred Payment Scheme (DPS)

Deferred Payment Scheme (DPS) allows homeowners to start servicing their loan only when the EC is ready for occupation, ie; when owners receive the keys to their EC. DPS is most popular amongst buyers who currently own an HDB and have monthly installments to service. This allows them to better manage their finances as they do not have to service both loans (HDB & EC) concurrently.

Stages	Payment Under a Standard Payment Scheme (% of Purchase Price)
Upon the grant of Option to Purchase	5% (Booking Fee)
Upon signing of the Sale & Purchase Agreement or within 8 weeks from the Option date	15%
Notice of Vacant Possession (TOP)	65%
On Completion date	15%

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