Get the best HDB loan in Singapore after talking to our home loan experts

Find an HDB bank loan that suits your needs with the best HDB interest rates and accompanied with the best home loan advice.

What is an HDB Loan?

An HDB loan is a loan you take to purchase your HDB flat. Unlike a private bank loan, which is used for buying private properties, an HDB loan can finance up to 90% of your flat’s valuation or price, whichever is higher.

So for when you’re buying a flat worth S$400,000, an HDB home loan can finance up to S$360,000 of the flat price. The remaining 10% (S$40,000 in this case) has to come from you either in the form of cash, or your CPF Ordinary Account (CPF OA) or both.

HDB Home Loan Eligibility Criteria


Applies to all HDB flats and at least one of the buyers must a Singapore citizen


The buyer must not own any private property or have a disposed of property in the last 30 months


Buyers must not have taken more than two previous HDB loans

Income Ceiling

  • If you’re single, your annual income must not exceed $7,000 (if you’re buying a 5-room or smaller resale flat or a 2-room new flat in a non-mature estate under the Single Singapore Citizen (SSC) Scheme)
  • For families, the annual income must not exceed $14,000
  • For extended families, the annual must not exceed $21,000

HDB Loan vs Bank Loan: How are the two different

HDB loans usually have a higher interest rate than bank loans. Bank home loans have lower interest rates, but are valid for up to 2 to 3 years at best

Interest on HDB home loans are fixed while it’s not usually so with private bank home loan

HDB home loans cover up to 90% of the property cost while bank home loans cover up to 75%

You can pay the down payment using CPF in the case of HDB home loans. For bank loans, you need to pay at least 5% cash.

HDB loans do not incur any penalty on early repayment while home loans from bank charge 1.5% on prepayment of loan

We have helped over 4,501 Singaporeans get help with HDB home loans

First home purchase was made easier with Home Loan Whiz. Great rates, but more importantly the education by the team on loan details was a strong plus factor. Not everyone is a finance expert, and it was easy and detailed from him.

After the bank loan was confirmed, good followup to check that everything is well with the banker and lawyer.

Overall, I strongly recommend!

– Weiguo Cai

I was served by Lorraine Lee and she was very patient with my queries and clarified them all. Not only that, she helped me to secure a good rate whilst the rate is changing almost everyday during that period.

Appreciated her initiative and I even recommended my friends to her.

– QQ

We work with all major HDB home loan partners in Singapore

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Want to know what HDB home loan option you should choose?

Our HDB loan experts have analysed hundreds of housing loans to help people find the best financing option for purchasing an HDB flat. We recommend that you talk to our experts who have knowledge of the latest HDB loan interest rate, required monthly payments, HDB interest structure, and all related terms and conditions.

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