You can apply to change the repayment period of your HDB housing loan. This option enables you to align your financial commitments with your current circumstances. Extending your repayment period will result in lower monthly instalment while shortening it will increase your monthly payments.

How to apply

Please book book an appointment to visit the Branch managing your flat so that we can work out the monthly repayment amount with you.

All flat owners must be present for the appointment and bring their identity cards for verification. If you are using CPF savings to pay your instalments, you will need to submit the CPF withdrawal form for the revised instalment. In addition, if you are extending your loan repayment period and currently insured under CPF Board’s Home Protection Scheme (HPS), the CPF Board may contact all flat owners directly to submit an online application to extend your existing HPS coverage. You will receive this notification either through post or email, based on the contact details you have registered with the CPF Board.

Application for HPS exemption

If you have a private insurance policy and are currently exempted from HPS, you will need to apply for an HPS exemption for the extended loan repayment period. This ensures your private insurance coverage remains sufficient for the extended period.

To re-apply for HPS exemption, you will need to contact your private insurer to submit the application to CPF Board on your behalf. The CPF Board will evaluate your eligibility and inform you of the outcome directly.

Note: If you are not going to use CPF savings to pay your revised monthly loan instalments, you do not need to re-apply for HPS exemption.

Repayment Period for HDB Housing Loan