• How does HDB determine the loan amount to grant?

    HDB’s housing loan at concessionary interest is aimed at helping flat buyers own a home. The loan amount is offered based on several factors, such as credit standing, flat buyer’s income and age, so that buyers do not purchase a flat beyond what their finances can support.

    Those eligible for an HDB housing loan must first apply for an HDB Loan Eligibility (HLE) letter. The HLE letter will highlight important information, such as the maximum eligible loan amount, repayment period and terms and conditions, to help you plan for your flat purchase.

    Learn more about the differences between housing loans from HDB and from financial institutions