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Housing Loan from HDB

HDB provides housing loans at interest rate (normally lower than the rates charged by banks) to eligible buyers.

Who can apply?

Flat buyers can apply for an HDB loan if you and / or your essential occupiers (if any):
(a) have at least one buyer who is a Singapore citizen;
(b) have a monthly household income not exceeding $8,000;
(c) have not previously taken two or more HDB concessionary interest rate loans;
(d) have previously taken one HDB concessionary interest rate loan and one housing subsidy and buying a bigger flat type than your current flat or the flat last owned (if you currently do not own an HDB flat);
(e) have previously taken one HDB concessionary interest rate loan and one housing subsidy and the residential property last disposed off is not a private property;
(f) do not own any private residential property (including HUDC flat / Executive Condominium) in Singapore or overseas;
(g) have not disposed off any private residential property within 30 months before the date of application for HDB Loan Eligibility (HLE)
(h) do not own more than one market / hawker stalls or commercial / industrial property in Singapore or overseas;
(i) own one market / hawker stall or commercial / industrial property and operate the business yourself;
(j) are buying a 5 room or smaller resale flat under the Single Singapore Citizen (SSC) Scheme with a gross monthly income not exceeding $3,000.