Do not assume that the HDB or the Private Bank will provide you with the loan just because you think you have
obtained verbal approval! They may reject you for many reasons later!
Especially for purchase of HDB flat, the safest way is to go down personally to HDB to get it assessed and obtain
an in-principle approval print out!
Similarly, for purchase of private property, it is best to get an in-principle approval from the bank before
you sign any Option to Purchase! However, most banks will not provide free assessment
unless you already have a copy of the Option to Purchase. Get your agents to assist you! Their associate bankers can grant
you an in-principle approval with no obligation that you must purchase the said property!