Who Can Apply

Eligibility Conditions for HDB Concessionary loan

HDB provides housing loans at concessionary interest rate to eligible flat buyers, subject to HDB's credit assessment and prevailing mortgage loan criteria.

Since 1 January 2003, flat buyers who are not eligible for an HDB loan will have to take a loan from a bank/financial institution that is licensed by the Monetary Authority of Singapore to provide housing loans.

Flat buyers can apply for an HDB loan if you and / or your essential occupiers (if any):
have at least one buyer who is a Singapore citizen;
have average gross monthly household income not exceeding :-
- $10,000@ for families*
- $15,000@ for extended families*
- $5,000@ for singles buying a 5-room or smaller resale flat or 2-room new flat in non-mature estate under Single Singapore Citizen (SSC) scheme
And submit HLE applications from 15 Aug 2011 onwards for the following categories of transactions:
Cut-Off Date
Purchase of new flatsSales exercises launched from 15 Aug 2011
Purchase of resale flats
(including resale SERS flats)
Resale application received from 15 Aug 2011
Transfer of flat ownershipTransfer application received from 15 Aug 2011
have not previously taken two or more HDB concessionary interest rate loans;
do not own any private residential property^ in Singapore or overseas;
have not disposed of any private residential property^ within 30 months before the date of application for HDB Loan Eligibility (HLE) and have never taken any HDB concessionary interest rate loan;
do not own more than one market / hawker stalls or commercial / industrial
property in Singapore or overseas;
own one market / hawker stall or commercial / industrial property and operate the business yourself#;

@ If the applicants and occupiers are unemployed for fewer than 3 months, the average income will be computed based on the number of actual months he/she has worked.

*Not applicable for HDB concessionary loan to buy DBSS flat. The income ceiling remains at $8,000 / $12,000 ( extended family). Households with monthly income of $8,001 to $10,000 will not be eligible for an HDB concessionary loan to buy a DBSS flat.

^ Private residential property include HUDC flat / Executive Condominium.

# Not applicable for owners who have other sources of income.

You can also use the enquiry facilities below to check if you are eligible for an HDB concessionary loan.


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To proceed with your enquiry, you can:

Let us guide you through the process to apply for an HDB Housing Loan:-

Last Updated on 13 Jun 2014