HDB vs Bank Loan Comparison
Compare HDB concessionary loans with bank loans to find the best option for your flat.
Singapore Housing Loan Comparison
Enter your flat details to see a side-by-side comparison of HDB and bank loans
HDB Loan vs Bank Loan Guide
HDB Loan Advantages
- Fixed Rate: 2.6% pegged to CPF OA rate
- Higher LTV: Borrow up to 80% of flat value
- Full CPF: Use 100% CPF for down payment
- No Penalty: Partial/full prepayment allowed
- Flexibility: Can refinance to bank later
Bank Loan Advantages
- Lower Initial Rate: May start below 2.6%
- No Income Ceiling: Available to all buyers
- Refinancing Options: Switch banks for better rates
- Private Property: Can upgrade to condo later
- Rate Lock: Some offer fixed period options
Key Considerations
- Cash Requirement: Bank needs 5% cash down
- Rate Risk: Bank rates can rise significantly
- Eligibility: HDB has income ceiling ($14,000)
- Refinancing: Bank to HDB switch not allowed
- Total Cost: Calculate over full loan tenure
When to Choose Which
- Choose HDB if: You prefer stability and security
- Choose HDB if: You have limited cash savings
- Choose Bank if: You expect rates to stay low
- Choose Bank if: You plan to refinance actively
- Choose Bank if: Income exceeds HDB ceiling