Home Loans & Housing Loans in Singapore

A home loan, also called a housing loan or mortgage, helps finance a residential property, with the property serving as security. In Singapore, eligible HDB buyers can consider HDB or bank financing; private-home buyers generally use a bank or other financial institution.

Loan$upermart helps you compare suitable bank home loans for HDB flats, condominiums, landed homes and new launches. Our comparison service is free to customers and carries no obligation. The lender decides approval and final terms.

Request a free home-loan comparison · Calculate your monthly repayment

How do you choose a home loan in Singapore?

Compare housing loans using the same loan amount, tenure and holding period. Check the initial rate, later-year pricing, lock-in, fees and repayment flexibility. A low first-year rate alone does not tell you which package costs less overall.

• Rate structure: fixed for a stated period, or floating with a specified benchmark and bank spread.
• Total cost: interest, legal and valuation fees, cancellation charges and any conditions attached to subsidies.
• Flexibility: partial repayments, early redemption, repricing and what happens if you sell.
• Affordability: test higher rates and keep cash for other expenses and unexpected income changes.

Request a current personalised comparison. Rates and promotions change, and available packages depend on the property, loan size and borrower profile.

HDB housing loan or bank home loan?

For new HDB flats, the financing basis is the purchase price; for resale flats, it is the lower of price or valuation. HDB may reduce financing where the lease does not cover the youngest applicant to age 95. Check your HDB Flat Eligibility (HFE) letter and HDB loan conditions. HFE has replaced HLE.

Read our HDB loan versus bank loan guide for more context.

How much can you borrow?

The approved amount depends on property value, income, debts, age, credit profile and tenure. Regulatory limits are ceilings, not guaranteed loan offers.

• TDSR: for a new bank property loan, total monthly debt obligations generally must not exceed 55% of gross monthly income, subject to the detailed rules.
• MSR: the 30% cap applies to loans for HDB flats and executive condominiums whose minimum occupation period has not expired. Banks assess the relevant property-loan repayments, not just the new instalment.
• LTV: with no outstanding housing loan, the bank limit is 75%, or 55% if tenure exceeds 30 years (25 for HDB) or extends past age 65. Existing housing loans reduce these limits further.

For individuals with no outstanding housing loan, at 75% bank LTV at least 5% must be paid in cash; at 55% LTV, at least 10%. The unfunded balance must come from eligible CPF savings and/or cash. Allow separately for any price above valuation, stamp duties, fees and other purchase costs.

Source: MAS loan tenure and LTV limits and MAS TDSR and MSR rules.

Fixed or floating interest rate?

A fixed rate stays unchanged for the period stated in your offer, making instalments more predictable during that period. It is usually not fixed for the entire mortgage term. Check subsequent pricing and whether the lock-in matches the fixed-rate period.

A floating rate can move up or down. For a SORA-linked package, review the compounded SORA benchmark, bank spread, reset frequency and later-year spread. Other packages may use a bank-administered reference rate.

Both types may have lock-ins and early-repayment charges. Compare the trade-offs between fixed and floating home loans.

Calculate your monthly mortgage repayment

Use our mortgage instalment calculator to vary the loan amount, interest rate and tenure. Run a higher-rate scenario too. An instalment estimate does not establish eligibility or calculate your full property-purchase budget.

Illustration: a S$500,000 loan over 25 years costs approximately S$2,243 a month at 2.5% p.a., or S$2,503 at 3.5% p.a. These are hypothetical rates, not offers. The calculation assumes monthly principal-and-interest repayments and an unchanged rate throughout, excluding fees and insurance.

Planning an HDB purchase? The CPF Home Purchase Planner can help you explore your budget and retirement implications.

Buying a completed home or a building under construction?

For a completed property, coordinate your financing with the purchase and legal-completion timetable. For a building under construction (BUC), ask how progressive disbursements affect repayments and when the lock-in starts. Package availability may differ by construction stage; confirm the lender’s schedule and conditions before committing.

How to apply for a home loan

1. Set your budget. Estimate cash and eligible CPF available, purchase costs and a comfortable monthly repayment.
2. Obtain an early assessment. Ask for a bank In-Principle Approval (IPA), also called AIP. HDB buyers should obtain the required HFE letter before the relevant purchase milestones.
3. Compare written offers. Review the property loan fact sheet, rates, lock-in, fees, subsidies and repayment terms.
4. Complete the application. Provide requested documents and allow time for valuation, final approval and legal completion.

Common documents include identification, income evidence, CPF contribution information where relevant, existing debt details and the Option to Purchase or sale-and-purchase documents when available. Requirements differ for salaried, self-employed and variable-income applicants.

See our bank IPA guide. An IPA is preliminary; approval remains subject to the complete application and property assessment.

Frequently asked questions about housing loans

Is a housing loan different from a home loan?

For a residential purchase, the terms generally describe the same kind of secured financing. Compare the actual lender, rate, fees and conditions rather than the label.

Should I obtain an in-principle assessment before buying?

An early assessment can help you estimate the financing range and identify issues before committing to a purchase. It is not a final loan approval; the lender will still assess the completed application and property.

Can I use CPF for a home purchase?

CPF Ordinary Account savings may be used for eligible housing payments, subject to CPF rules. CPF used for a property generally has to be refunded with accrued interest when the property is sold or transferred, subject to the applicable rules and available sale proceeds.

Is the lowest first-year rate always the best package?

No. Compare the total cost over the period you expect to keep the loan, including subsequent-year pricing, lock-in conditions, fees, subsidies and flexibility.

Does Loan$upermart approve or provide the loan?

No. Loan$upermart helps compare suitable bank packages and explain the application process. The selected lender provides the loan and decides approval, the amount and final terms.

What if I already have a home loan?

If you want to change the loan on your existing property, start with our home-loan refinancing service and refinancing break-even calculator. If you are buying another property, outstanding housing loans can lower the available LTV limit.

Compare suitable home loans with Loan$upermart

Tell us the property type, purchase stage and approximate financing needed. We can help you compare available bank packages and understand the next steps.

Get a free, no-obligation assessment · WhatsApp +65 9452 1182 · Call +65 9452 1182

General information, not a loan offer or personalised financial advice. Rules, rates and lender terms can change. Your property secures the loan; missed repayments can put it at risk. Confirm eligibility and terms with HDB or your lender before committing.

Official sources

• CPF Board: housing refunds on sale or transfer
• HDB: housing loan eligibility, financing and tenure
• MAS: bank loan tenure and LTV
• MAS: MSR and TDSR
• MoneySense: home-loan structures and offer comparison

Sources checked: 26 September 2026.