I thought this is standard procedure : Why don't you submit your bank statement to HDB to apply for loan if what you claim is true?
Aiya, as a self employed, even you declared high high income each year, bank will still look at type of business you are in.......
Taxi �?.......
Currently, not easy to secure loan from bank, even approve, also must pay very high cash, percentage granted will be very low.......
Unless you still eligible to obtain loan from HDB, or else, stay put lor.......
It's all about credit risks. TD's incomes are not fixed and vary day to day. They are daily waged.
Many TDs are gamblers, owe credit card money, owe banks money, owe Ah Long money, womanisers and drunkards. So TDs fit the banks profile of somebody who is in the high defaulter risk group. Just like insurance loading on young drivers.
And TDs are not well educated. If they are not driving taxis, they will not be able to find another good job to pay off that loan.
Not every TD, but generally speaking.
Many people, somehow or rather, use up the 2 times subsidies loan directly from HDB very fast, ended up got to get from bank, who to blame lor.......
HDB is for us to stay, not to speculate.......
But if you want to upgrade private, than different ball game liao.......