Housing Loan from Banks
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.
Must I take a housing loan from a bank?
You can if you choose to, or if any of these apply to you:
- You and/ or the essential occupiers are not eligible for an HDB housing loan
- 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
- You are buying an Executive Condominium (EC)
What is the repayment period?
The maximum repayment period for a housing loan from a bank is 30 years.
Recommended
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Housing Loan from HDB
We offer housing loans at a concessionary interest rate. To find out if you can get a housing loan from HDB, you will need to apply for an HDB Loan Eligibility letter. -
Step-By-Step Guide to Financial Planning
There are many important financial considerations to think about before purchasing a flat. These are summed up for you here.