HDB offers a concessionary interest rate mortgage loan to eligible flat buyers.

The amount of loan granted will depend on the applicant's age, monthly household income, loan ceiling and CPF balance in the Ordinary Account.

The concessionary interest rate is pegged at 0.1% point above the CPF Ordinary Account interest rate. The concessionary interest rate is revised quarterly, in January, April, July and October each year, in line with the revision in the CPF interest rate.

Check your eligibility for a concessionary interest rate housing loan

Read about the CPF interest rate

Information on buying a new flat from HDB

Information on buying a resale flat from HDB

From 1 January 2003, HDB no longer provided market rate loans. This was to allow HDB to focus on its core responsibility of providing quality and affordable public housing.

Flats buyers who are not eligible for HDB's concessionary rate loans can obtain market rate loans from banks that are licensed to provide housing loans. They can choose from the competitive housing loan packages offered by banks.

Those with existing HDB market rate mortgages can continue with their existing mortgages. However, if they wish to refinance their loans with the banks, they may do so after getting HDB's consent.

Check your eligibility for a concessionary interest rate housing loan

Read about housing loans from banks for HDB flats

If you are buying a private property, then you’ll probably be looking at the loan packages offered by banks.

Private property prices in Singapore are relatively high, when compared with public housing prices. Depending on the terms of your mortgage, you’ll probably be using a good part of your CPF Ordinary Account savings, as well as cash if your CPF isn’t enough for the monthly instalment.

Housing loans from banks