Payment

There are various payments to make for an HDB housing loan. Find out what they are, and how to make payment for them.

 

Monthly loan instalment

Your monthly loan instalments start from the 1st day of the 2nd month after loan disbursement. Learn about payment options and due dates here.

Your monthly instalments are due on the 1st of each month until your loan is fully repaid. If you are paying by CPF or GIRO, deductions will be made automatically.

How to pay your monthly loan instalments

Your monthly instalments can be paid by any or a combination of the following modes:

Payment modes

CPF

You must be a flat owner in order to use the CPF savings for housing loan payments. To authorise the monthly deductions from your CPF account to pay for your housing loan instalments, you will need to submit a CPF withdrawal application. In most cases, you would already have done so when you first received the keys to your flat at our Sales Section or Resale Section at HDB Hub.

You would need to be insured under the CPF Board's Home Protection Scheme (HPS) if you are using your CPF savings to service your monthly housing instalments. You will be prompted to submit an HPS application when you are applying to use your CPF savings to pay your housing loan instalments.

The monthly CPF deduction takes place from the 6th to 12th of the month.

You can make ad hoc payments if there are shortfalls in your monthly deductions or vary the CPF contribution rate for payment of the monthly instalment from this e-Service (select ‘Payment of Outstanding Instalment by CPF’ under ‘Other Related Services’).

GIRO

For loan instalment payments by GIRO, you will need to submit a completed Interbank GIRO (IBG) application form to us. You can get a pre-filled IBG application form via this e-Service (select ‘Apply for GIRO Payment’ under ‘Other Related Services’) if you are the flat owner.

If you are not the flat owner, please fill up this IBG application form.

We will inform you of the GIRO commencement date as soon as your GIRO application is approved by your bank.

The monthly housing loan instalment will be deducted from your GIRO bank account on the 28th of the month. If the deduction is unsuccessful, we will attempt a second GIRO deduction on the 6th of the following month. We will deduct the amount on the next working day if the date falls on a Saturday, Sunday or public holiday. The GIRO payment will be posted to your housing loan account on the last day of the month. You may check your payment via this e-Service on or after 5th of the following month.

Please maintain sufficient funds in your GIRO bank account. Your bank may impose a penalty charge for every unsuccessful GIRO deduction. HDB may also impose a late payment charge on outstanding payments.

If you wish to change the GIRO deduction amount, you can submit your request online via this e-Service.

eNETS Debit

Please use our eNETS Debit e-Service to make your payment. You will need to have an internet banking account with any of these participating banks:

  • DBS/ POSB
  • OCBC
  • UOB
  • Standard Chartered Bank (SCB)

Internet banking via bank's website

You can make the housing loan instalment payments using the internet banking services offered by:

  • DBS/ POSB
  • OCBC
  • UOB

Partial capital repayment

You can make a partial capital repayment of your outstanding HDB housing loan via various modes of payment.

The proposed date for partial capital repayment will be scheduled 1 month from the date we receive your request. There are 2 available options:
  • Make the partial capital repayment and shorten the repayment period while continuing to pay your usual monthly instalment amount.
  • Revise your monthly instalment amount after making your partial capital repayment.
The minimum amount for partial capital repayment is:
  • $500, if your loan commencement date was before 1 April 2012
  • $5,000, with increments in multiples of $1,000, if your loan commencement date was on or after 1 April 2012

Application

You can submit your request for partial capital repayment of your HDB housing loan via our e-Service. Upon logging in via Singpass, look under ‘Other Related Services > Make Partial Repayment of Housing Loan’. An acknowledgement will be sent to your given email address once your request is submitted to HDB successfully. Payment instructions will be provided to guide you in completing the partial capital repayment. 

After your payment, your repayment period will be shortened while maintaining your current monthly instalment amount.

If you wish to change your monthly instalment amount concurrently with a partial capital repayment, do not submit your request via this e-Service. Please book an appointment prior to your visit to any HDB Branch, so that we can advise and work out the repayment plan for you.

Making partial capital repayments will help to reduce the interest paid for your housing loan. You can estimate the interest savings via e-Service. Upon logging in via Singpass, look under 'Other Related Services > Calculate HDB Housing Loan Interest Savings'. 

Payment modes

It is important that you submit the request for partial capital repayment via our e-Service (requires Singpass log-in), and receive the email acknowledgement before you proceed to make payment. Payment can be made using any or a combination of the following modes:

  • CPF
  • GIRO (if you are already using GIRO to pay your monthly housing loan instalments)
  • PayNow via SGQR  (participating banks)
  • AXS Channels: AXS Station (Kiosk), AXS e-Station (Online) ,and AXS m-Station (Mobile application)
  • eNETS Debit (participating banks)
For payment by CPF or GIRO, no action is required from you. We will inform CPF Board or your bank to process the deduction(s).

For payment by PayNow via SGQR, AXS channels or eNETS Debit, please refer to the email acknowledgement titled 'Instructions for Payment', which contains the given links to complete your payment.
 

Further instructions for payment modes

CPF

Only property owners can use their CPF savings for partial repayment of housing loans. This policy ensures that when you no longer own the flat, the CPF savings used for housing can be recovered for your retirement and future housing needs.

New flats bought directly from HDB:  Owners can use their Ordinary Account (OA) savings to pay the loan in full.

Resale or DBSS flats: Owners can use their OA savings up to the lower of purchase price and valuation price of the property at the time of purchase. If the loan is still outstanding after reaching this amount, the owners can continue to use their OA savings after setting set aside their Basic Retirement Sum in their CPF account, which ensures monthly payouts for basic living needs.

Please note that for flats with shorter leases, the amount of OA savings that can be used will differ. Owners can only use a percentage of the lower of purchase price or valuation price of the property at the time of purchase if the flat was:

  • Purchased before 10 May 2019, and has a remaining lease of less than 60 years at the time of purchase; or
  • Purchased on or after 10 May 2019, and the remaining lease of the flat does not cover the youngest owner who is using CPF saving for the flat to 95 years old.

To ensure successful CPF deductions for partial repayments of your housing loan, check that you have sufficient OA savings and the maximum CPF amount you can use for your property. You can view your Home ownership dashboard to find out your latest usage and usage limit for your property via CPF Board’s website. (Login using Singpass > my CPF > Home ownership).

GIRO

Your partial capital repayment can be made by GIRO if you are already using GIRO for your monthly housing loan instalments by indicating this payment mode option during your online submission.

GIRO deductions are made on the 28th of the month and posted to your housing loan account on the last day of the month.

If the GIRO deduction is unsuccessful, we will attempt a second GIRO deduction on the 6th (or the next working day) of the following month, subject to your confirmation. If the second deduction is successful and the payment is received by the proposed repayment date, the housing loan interest will be charged up to and inclusive of the date the repayment amount is received.

NETS via AXS payment channels

The maximum amount that you can pay by NETS depends on the daily withdrawal limit that you set with your bank. Therefore, check with your bank before proceeding with your NETS payment via any AXS Station, e-Stations, or m-Stations.

Please ensure that you make your payment by the proposed date of partial capital repayment.

eNETS Debit or PayNow via SGQR

The maximum amount that you can pay by eNETS Debit or PayNow depends on the daily withdrawal limit that you set with your bank. Therefore, check with your bank before proceeding with your payment.

You will need to have an Internet banking account with any of these participating banks:

For eNETS Debit 

  • DBS/ POSB
  • OCBC Bank
  • Standard Chartered Bank (SCB)
  • United Overseas Bank Limited (UOB)

For PayNow via SGQR

  • Bank of China (BOC)
  • Citibank
  • DBS/ POSB
  • HSBC Bank
  • Industrial and Commercial Bank of China Limited (ICBC)
  • Maybank
  • OCBC Bank
  • Standard Chartered Bank (SCB)
  • United Overseas Bank Limited (UOB)

2-Factor Authentication will be required for payments above a certain amount, as set by the bank.

Please ensure that you make your payment by the proposed date of partial capital repayment.

Other important information

  • There is no lock-in period and administrative fee for making partial capital repayment towards the housing loan.
  • No interest rebate shall be given if the payment amount received is less than the minimum amount.
  • Housing loan interest will be charged up to and inclusive of the date we receive your partial capital repayment.
  • Your request shall be subject to the terms and conditions of your Mortgage and Memorandum of Mortgage, as well as HDB’s prevailing policies. HDB fully reserves the right to reject a request at its discretion.
  • CPF Board Home Protection Scheme (HPS):
    • Your HPS premium will be adjusted accordingly with the adjustment of your loan quantum/ repayment period.
    • If you are covered under the Single Premium HPS, your existing HPS coverage will be terminated and your CPF Ordinary Account will be credited with the surrender value of the HPS policy, i.e. the unused premium under the cover. At the same time, a new annual premium HPS will be issued to you based on your latest outstanding loan and repayment period. Please contact CPF Board if you require further clarification about this.

Full Repayment of HDB housing loan

You can pay off your HDB housing loan early via various modes of payment.

You can submit your request to pay off your loan via our e-Service. Upon logging in via Singpass, look under ‘Other Related Services > Make Full Repayment of Housing Loan’.

The proposed date of redemption will be scheduled 1 month from the date we receive your request. All payments have to reach us by this proposed date. During your submission, we will compute the redemption amount and fees payable for the discharge of loan. An acknowledgement will be sent to your given email address once your request is submitted to HDB successfully. Payment instructions will be provided to guide you in completing the redemption. 

Computation of the redemption amount

The redemption amount includes interest computed up to the proposed date of redemption, i.e.:

  • Outstanding housing loan as at submission month + interest for the beginning of the redemption month up to the proposed redemption date = Estimated redemption amount
  • As a formula, this works out as:
    • A + [A x (R/12) x (N/M)] = Estimated redemption amount

Where:

 

A = Outstanding housing loan as at submission month

R = Prevailing HDB housing loan interest rate per annum (p.a.)

N = Number of days from the beginning of the redemption month up to the proposed redemption date

M = Number of days in the redemption month (month of proposed redemption date)

Example:

  • Submission date: 15 June
  • Proposed redemption date (for N and M): 14 July
  • Outstanding housing loan (A): $105,000 (as at 15 June)
  • Prevailing HDB housing loan interest rate (R): 2.60% p.a.

Therefore, the estimated redemption amount is: $105,000 + [$105,000 x (2.60%/12) x (14/31) = $105,102.74

Paying off your loan early will help to reduce the interest paid for your housing loan. You can estimate the interest savings via our e-Service. Upon logging in, look under 'Other Related Services > Calculate HDB Housing Loan Interest Savings'.

Registration fee and conveyancing charge for discharge of housing loan

The registration fee and conveyancing charge are payable after you pay off your HDB housing loan. When you take an HDB loan to finance the purchase of your flat, HDB will register a mortgage on the property. The mortgage serves as a form of security for the loan on your property and will need to be discharged after you have paid off your HDB housing loan

  • Registration fee - payable to Singapore Land Authority to lodge the discharge of the mortgage instrument (only for lease-issued cases):

    • $38.30

  • Conveyancing charge - payable if you appoint HDB for the legal services in the discharge of the HDB mortgage (inclusive of 9% GST):

    • 1-room               $23.95

    • 2-room               $35.95

    • 3-room               $47.95

    • 4-room               $59.95

    • 5-room               $71.90

    • Executive           $83.90

For full repayment of loan, we will advise you on the procedure and the amount via our e-Service ('Other Related Services > Make Full Repayment of Housing Loan’). If you are making your final instalment (not redemption of loan), we will also advise you on the fee and charge via our e-Service ('Other Related Services > Pay Final Instalment or Fees for Discharge of Housing Loan’).

Should you prefer to engage your private solicitor to discharge the HDB mortgage, please write to us.

Payment modes

It is important that you submit the request to pay off your loan via our e-Service (requires Singpass log-in), and receive the email acknowledgement before you proceed to make payment.

Payment can be made using any of the following modes:

  • CPF
  • GIRO (if you are already using GIRO to pay your monthly housing loan instalments)
  • PayNow via SGQR (participating banks)
  • eNETS Debit (participating banks)
  • AXS Channels: AXS Station (Kiosk), AXS e-Station (Online), and AXS m-Station (Mobile application)
For payment by CPF or GIRO, no action is required from you. We will inform CPF Board or your bank to process the deduction(s).

For payment by PayNow via SGQR, AXS channels or eNETS Debit, please refer to the email acknowledgement titled 'Instructions for Payment', which contains the given links to complete your payment.
 

Further instructions for payment modes

CPF

Only property owners can use their CPF savings for full repayment of housing loan and/or TDM fees. This policy ensures that when you no longer own the flat, the CPF savings used for housing can be recovered for your retirement and future housing needs.

Your CPF monthly deductions will automatically stop when we receive your full repayment request. If the request is cancelled, you will need to give new monthly CPF deduction instructions using the CPF withdrawal form available at the HDB Branch managing your flat. New flats bought directly from HDB:  Owners can use their Ordinary Account (OA) savings to pay the loan in full Resale or DBSS flats: Owners can use their OA savings up to the lower of purchase price and valuation price of the property at the time of purchase. If the loan is still outstanding after reaching this amount, the owners can continue to use their OA savings after setting set aside their Basic Retirement Sum in their CPF account, which ensures monthly payouts for basic living needs.

Please note that for flats with shorter leases, the amount of OA savings that can be used will differ. Owners can only use a percentage of the lower of purchase price or valuation price of the property at the time of purchase if the flat was:

  • Purchased before 10 May 2019, and has a remaining lease of less than 60 years at the time of purchase; or
  • Purchased on or after 10 May 2019, and the remaining lease of the flat does not cover the youngest owner who is using CPF saving for the flat to 95 years old. 

To ensure successful CPF deductions for full repayments of your housing loan, check that you have sufficient OA savings and the maximum CPF amount you can use for your property. You can view your Home ownership dashboard to find out your latest usage and usage limit for your property via CPF Board’s website. (Login using Singpass > my CPF > Home ownership).

GIRO

Your redemption of housing loan can be made by GIRO if you are already using GIRO for your monthly housing loan instalments by indicating this payment option during your online submission. Please note that this GIRO arrangement is only available if you submit your request from 6th (12:00am) to 22nd (5:00pm) of the current month.

GIRO deductions are made on the 28th of the month and posted to your housing loan account on the last day of the month. If the deduction is unsuccessful, we will attempt a second deduction on the 6th (or the next working day) of the following month, subject to your confirmation.

NETS via AXS payment channels

The maximum amount that you can pay by NETS depends on the daily withdrawal limit that you set with your bank. Therefore, check with your bank before proceeding with your NETS payment via any AXS Station, e-Stations, or m-Stations.

Please ensure that you make your payment by the proposed date of redemption.

eNETS Debit or PayNow via SGQR

The maximum amount that you can pay by eNETS Debit or PayNow depends on the daily withdrawal limit that you set with your bank. Therefore, check with your bank before proceeding with your payment. 

You will need to have an Internet banking account with any of these participating banks:

For eNETS Debit 

  • DBS/ POSB
  • OCBC Bank
  • Standard Chartered Bank (SCB)
  • United Overseas Bank Limited (UOB)

For PayNow via SGQR

  • Bank of China (BOC)
  • Citibank
  • DBS/ POSB
  • HSBC Bank
  • Industrial and Commercial Bank of China Limited (ICBC)
  • Maybank
  • OCBC Bank
  • Standard Chartered Bank (SCB)
  • United Overseas Bank Limited (UOB)

2-Factor Authentication will be required for payments above a certain amount, as set by the bank.

Please ensure that you make your payment by the proposed date of redemption.

Other important information

  • Housing loan interest will be charged up to and inclusive of the date HDB receives the redemption amount.
  • Your request shall be subject to the terms and conditions of your Mortgage and Memorandum of Mortgage, as well as HDB’s prevailing policies. HDB fully reserves the right to reject any request at our discretion.
  • If you are covered under the Home Protection Scheme (HPS), your HPS cover will be automatically terminated when you have fully repaid your HDB housing loan. Any unused HPS premium will be refunded to your CPF Ordinary Account. CPF Board will notify you when your HPS cover has been terminated.

Arrears payment

You can pay the arrears for your loan instalment through CPF, electronic payments methods e.g. GIRO, eNETS Debit, or cash/ NETS.

You can pay the arrears for your housing loan instalment through any of the following ways:

GIRO payment

You can change the GIRO deduction amount for a particular month by submitting your request through our e-Service.

Please maintain sufficient funds in your GIRO bank account. Your bank may impose a penalty charge for every unsuccessful GIRO deduction. HDB may also impose a late payment charge.

We make deductions from your GIRO bank account on the 28th of the month. If the deduction is unsuccessful, we will attempt a second GIRO deduction on the 6th (or the next working day) of the following month. The GIRO payment will be posted to your housing loan account on the last day of the month. You may check your payment via e-Service (select 'View Statements of Account' under 'Outstanding Balance') on or after 5th of the following month.

Late payment charges

Monthly instalments are due on the 1st of each month. A late payment charge will be imposed if the instalment payment is not made within the month.

Rate for late payment charges

The late payment charge rate is 6.0% per annum from 1 Oct 2025 to 31 March 2026. The rate is reviewed bi-annually.  

Late payment charges will be imposed on the outstanding instalment as at the end of every month, rounded up to the nearest $0.05.

Order of payment

Any payment received from you will first be used to settle outstanding late payment charges. Any balance is then applied towards the payment of the other outstanding charges.

GIRO payment

If you are paying your loan instalments through GIRO, please ensure there are sufficient funds in your GIRO bank account. The late payment charges and arrears amount, as well as your current month’s instalment, will be deducted on the 28th of the month.

If the deduction is unsuccessful, we will attempt a second GIRO deduction on the 6th (or the next working day) of the following month. The GIRO payment will be posted to your housing loan account on the last day of the month. You may check your payment via our e-Service (select 'View Statements of Account' under 'Outstanding Balance') on or after 5th of the following month. 

If the deductions are unsuccessful, further charges may be imposed by your bank and HDB.