The eligibility conditions to apply for an HDB housing loan are detailed below. Alternatively, you can also use these enquiry facilities:
You can apply for a housing loan from HDB if you and your family members meet the following eligibility conditions.
Average gross monthly household income does not exceed:
* For HLE letter applications and flat applications received before 11 September 2019, the income ceilings are $12,000 for families, $18,000 for extended families, and $6,000 for singles.
If an applicant or occupier is unemployed for less than three months, his/ her average income will be computed based on the actual number of months he/ she has worked.
To find out about the documents to submit, please refer to our income guidelines.
Ownership/ Interest in Property
Remaining lease of flat is more than 20 years and covers youngest buyer till the age of
HDB Housing Loan
≥ 95 years
Allowed, subject to:
< 95 years
* The LTV limit refers to the maximum amount of loan a flat buyer can take up, expressed as a percentage of the purchase price or flat value.
+ For flat applications received before 10 May 2019, HDB housing loan may be reduced or disallowed if you are buying or taking over ownership of a flat with a remaining lease of less than 60 years.
The HDB housing loan amount you can take will depend on credit assessment, Loan-to-Value limit, remaining lease of the flat you are buying or taking over, and other HDB policies applicable at the point of the flat application.
^ Includes widow/ widower or divorcee
+ Includes applicants applying under the Fiancé/Fiancée Scheme
* For HLE applications and flat applications received before 11 September 2019, the income ceilings are $12,000 for families and $18,000 for extended families.
A married couple with three working children wishes to get an HDB housing loan to buy an HDB flat. Their average gross monthly incomes are as follows:
Husband = $4,000
Wife = $4,000
Child 1 = $5,000
Child 2 = $3,000
Child 3 = $5,000
Their average gross monthly income as an extended family works out to be as follows:
Income of Group A
Income of Group B
Income Ceiling of Extended Family
The extended family meets the income ceiling.
If you wish to take an HDB housing loan to buy or take over ownership of a flat, you will need to first apply for an HDB Loan Eligibility (HLE) letter before committing to the transaction. The HLE letter will be valid for 6 months. You have to wait out 30 months from the date of disbursement of an HDB housing loan before you may apply for another loan.
Do apply early as you need to have a valid HLE letter when you:
^ There is no mortgage loan financing for the purchase of a short lease 2-room Flexi flat. You will have to pay for the flat using your cash and/ or CPF savings.
* Eligible first-timer couples who are full-time students or National Servicemen, or have completed their studies or National Service in the last 12 months before their flat application may qualify to defer the income assessment for an HDB housing loan and the Enhanced CPF Housing Grant (EHG) till about 3 months before key collection.
# Applicants without a valid HLE letter when they book a flat will not be eligible to apply for an HDB housing loan.
Knowing the housing loan amount will help you to work out your budget to buy, or take over ownership of a flat. The HLE letter is a financial planning tool, and will provide information on the:
It will be valid for six months from the date of issue. There is no need for re-assessment during this period, so long as there is no change in financial position and family members. A week before expiry of the HLE letter, you may apply for a new one if you still need a valid HLE letter.
The loan offer will be reviewed if:
If you have purchased an uncompleted flat from HDB, we will review your financial position nearer the completion of the flat. This is to confirm that there is no change in your ability to service the housing loan.