Financial Tools

Buying a flat is a long-term financial commitment that could stretch up to 25 years, so it is important to exercise prudence and not overstretch yourself financially. 

The following tools will assist you in your financial planning, to find out how much you can afford and borrow for your flat purchase.

Eligibility check - Buying an HDB flat and applying for an HDB housing loan

You may first check on your eligibility to buy an HDB flat and take an HDB housing loan.

Budget Calculator

Plan your flat purchase by using the budget calculator. The calculator will take the following into consideration: 

  • Available CPF Ordinary Account and cash savings
  • An estimated loan amount from HDB or financial institutions (FIs)
  • Probable CPF housing grant amount

The budget calculator will help you estimate the eligible loan amount and highlight the terms and conditions in taking out a housing loan from HDB and FIs. This information will help you make informed decisions during your flat buying journey.

If you wish to apply for a housing loan from HDB or FIs, you will need to submit a loan application to HDB or the respective FIs. Please check your eligibility for an FI housing loan with the FIs directly. 

Apply for an HDB Loan Eligibility (HLE) Letter

If you wish to take an HDB housing loan, do submit your HLE application online with supporting documents to find out if you are eligible for an HDB housing loan, and the loan amount you can get based on your financial situation. You can also check the status of your HLE application thereafter.

Payment Plan Calculator

If you already have a flat in mind, you can use the payment plan calculator for a customised financial plan. 

The payment plan calculator will show a breakdown of the cash and CPF payments required at the various milestones of your flat buying journey based on the flat details, available funds, estimated housing loan amount from HDB or FIs, and probable CPF Housing grant amount indicated.