Understanding BUC Loans and Progressive Payment Schedules
Dollarbackmortgage04 Jun, 2024Business
A Building Under Construction home loan is a type of mortgage tailored for properties that are yet to be completed. Unlike standard home loans, where the full loan amount is disbursed at once, a BUC loan in Singapore follows a progressive payment schedule. This means that the loan is disbursed in stages, corresponding to the completion of various construction milestones.
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