HDB Loan Calculator
Calculate your HDB housing loan monthly payments and compare with bank loans.
Singapore HDB Loan Calculator
Enter your flat details to calculate your monthly payment and CPF usage
Understanding HDB Loans
What is an HDB Loan?
HDB loans are concessionary housing loans from Singapore's Housing & Development Board. The interest rate is pegged at 0.1% above the CPF Ordinary Account rate (currently 2.6%). Unlike bank loans, HDB loans offer stable rates and allow up to 80% financing with no cash down payment requirement.
HDB Loan Eligibility
- Singapore Citizen or Permanent Resident
- Monthly household income not exceeding $14,000
- Must not own other property locally or overseas
- Must not have taken 2 or more HDB loans previously
- At least one applicant aged 21 or above
HDB Loan vs Bank Loan
- HDB Loan: Fixed 2.6%, 80% LTV, CPF for down payment
- Bank Loan: Variable rates, up to 75% LTV
- Bank loans may have lower initial rates but can increase
- HDB loans allow full CPF usage for down payment
- Bank loans require minimum 5% cash down payment
CPF Housing Grants
- EHG: Up to $80,000 for first-timers
- Family Grant: Up to $50,000
- Proximity Grant: Up to $30,000
- Grants reduce your effective purchase price
- Check eligibility on HDB website