EC Payment Schedule

Below is the breakdown of the Normal Progressive Payment Scheme.

Normal Progressive Scheme (NPS)

For EC, there is another option of the Payment Schedule called Deffered Payment Scheme.

Deferred Payment Scheme (DPS)

In this case, after the 20% downpayment is done, the purchaser only start the monthly installment payment after TOP. If you currently own a HDB Flat, you have to dispose it before TOP or paid up the outstanding loan, if any, and dispose the flat within 6 months after TOP for the purpose of getting a loan up to 75% and usually with a Bridging Loan. A banker will be arranged to explain the details beforehand.

Usually, the Deferred Payment Scheme’s purchase price will be slightly higher (eg. 3% more) than the Normal Progressive Payment Scheme.