Home Loans for HDB and Private Property in Singapore

The right home loan is not necessarily the package with the lowest advertised rate. You should also compare the benchmark, spread, lock-in period, partial-repayment conditions, legal subsidies, cancellation fees and what happens after the promotional period.

Loan$upermart helps homebuyers compare suitable bank-loan options for HDB flats, private homes, completed properties and buildings under construction, and understand the trade-offs before applying. Our mortgage comparison service is free to customers and carries no obligation. Final approval remains with the selected lender.

Loans we can help you compare

• HDB resale and eligible HDB property financing
• Private condominiums and landed homes
• Completed properties
• Buildings under construction and new launches
• Owner-occupied and investment properties, subject to lender criteria

What lenders normally assess

Banks consider the applicants’ income, age, credit profile, existing debts, requested tenure, property type, purchase price or valuation and applicable regulatory limits. MAS sets the Total Debt Servicing Ratio threshold for property loans at a maximum of 55% of gross monthly income, subject to the detailed rules and exemptions.

Documents commonly requested

• Identification and income documents
• CPF contribution or account information where applicable
• Option to Purchase or sale-and-purchase documents
• Details of existing loans and financial commitments
• Property information and valuation documents where required

The exact documents vary by lender and borrower profile.

Frequently asked questions

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.