Bank Loans
You can choose to finance your flat with a housing loan from a bank that is regulated by the Monetary Authority of Singapore (MAS). If you take a housing loan from a bank, you will not be allowed to refinance your flat with a housing loan from HDB.
When are you required to take a housing loan from a Bank?
1. You and/ or the essential occupiers are not eligible for an HDB housing loan
2. You are buying a Design, Build and Sell Scheme (DBSS) flat and you and/ or the essential occupiers are not eligible for an HDB housing loan
3. You are buying an Executive Condominium (EC) or Private Condominium
What is the repayment period?
The maximum repayment period for a housing loan from a bank is 30 years.
What is the Bank Loan Ceiling for HDB?
You can find out the maximum amount of CPF savings you can withdraw using these tools:
If you have further enquiries of CPF withdrawal limits, you may contact the CPF Board, or call their service line at 1800-227-1188.
- CPF Housing Withdrawal Limits Calculator (for flats with a remaining lease of 60 years or more)
- Property with Less Than 60 Years Lease Calculator (for flats with a remaining lease of less than 60 years, but more than 30 years)
If you have further enquiries of CPF withdrawal limits, you may contact the CPF Board, or call their service line at 1800-227-1188.
Loans for HDB and Private Property
You may also be interested to find out more about:
1. Resale HDB Financing
2. HDB Loans
3. Private Property Financing
1. Resale HDB Financing
2. HDB Loans
3. Private Property Financing
