HDB / Private Property
Home Loans—Tailored for Every Journey
Explore our customised financing to purchase a HDB or private residence, refinance an existing mortgage or create liquidity from your existing home. We can ease your property transition every step of the way, including bridging loans.
Features and Benefits
Competitive rates and personalised home loan solutions with in-principle approval.
Financing for New Purchase or Refinancing
Applicable for Building Under Construction (BUC), New/Resale HDB/Private Residential Property
In-Principle Approval (IPA) and Bridging loan available
Secure preliminary approval quickly and enjoy bridging loan options that help you manage cash flow seamlessly.
Flexible Repayment Plans
Fixed & Floating Rate options available
Simple, Fuss Free application
Fast, Simple hassle free online-loan application available.
NOTE for online application:
- Please ensure that your Singpass account is updated with your email address and mobile phone.
- Click on Retrieve MyInfo with Singpass
- The Online Application allows for 1 main applicant and up to 3 joint borrower(s).
- All borrower(s) are required to complete the application within 3 calendar days from the date the application first saved by main applicant, otherwise a new application will be required.
Details
HDB Apartment
Maximum Loan Tenure
Up to 25 years’
Subject to #1 IWAA age cap and remaining lease on property
Maximum Loan to Value Limit (LTV)
Up to 75% LTV
Subject to regulatory rules
Minimum Loan Amount
$100,000 min
Subject to regulatory rules
Private Residential Property
Maximum Loan Tenure
Up to 35 years’
Subject to #1 IWAA age cap and remaining lease on property
Maximum Loan to Value Limit (LTV)
Up to 75% LTV
Subject to regulatory rules
Minimum Loan Amount
$100,000 min
Subject to regulatory rules
For Purchase & Refinancing. Bridging Loan available
#1 IWAA – Income Weighted Average Age. Applicable to joint borrowing, the IWAA is used to compute their average age for the purpose of granting the loan tenure. For more information on computing your IWAA, please refer to the MAS website.
#2 TDSR – Total Debt Servicing Ratio. We will compute your TDSR based on your monthly total debt obligations divided by your gross monthly income. All your outstanding loan such as credit card repayment, unsecured personal loan repayment, car loan repayment, renovation loan will be taken into consideration when deriving your monthly total debt obligations. Your gross monthly income will include your fixed monthly salary, average of your variable income (e.g. commission, bonus and other allowances). This latter is further subjected to a haircut.
Eligibility
Who can apply?
- Singaporeans, Singapore PR and Foreigner* residing in Singapore. If the borrower is a foreigner who has worked in Singapore for less than 2 years, a Singaporean or Singapore PR Guarantor is required
- Minimum Age: 21 years old
- Minimum income of main applicant must be at least S$24,000 p.a and subject to regulatory rules on TDSR#2
- Borrower must not be a bankrupt or on a debt repayment programme administered by the Official Assignee
What documents will I need?
Property Purchase (HDB / Private Property / Executive Condominium)
- Copy of NRIC/Passport of all applicants
- HDB flat/Property information
- Option to Purchase / Sales & Purchase Agreement / Contract of Sale
- HDB valuation report (HDB resale only) / Valuation report (for Private Property & Executive Condominium)
- Latest Notice of Assessment and 12 months CPF Contribution History
- Latest 3 months' payslips
- Latest 3 months' salary crediting account statements
- Latest credit facilities statements (e.g. existing home loans, credit card, car loan, etc)
Refinancing from other financial institutions
- Copy of NRIC/Passport of all applicants
- HDB flat/Property information & financial information
- Letter of offer from your existing financial institution
- Latest loan statement from existing financial institutions
- Latest CPF for Property Withdrawal Statement of all applicants.
- IRAS My Property Portfolio page of all applicants (for owner-occupied)
- Latest Notice of Assessment and 12 months CPF Contribution History
- Latest 3 months' payslips
- Latest 3 months' salary crediting account statements
- Latest credit facilities statements (e.g. existing home loans, credit card, car loan, etc)
#2 TDSR – Total Debt Servicing Ratio. We will compute your TDSR based on your monthly total debt obligations divided by your gross monthly income. All your outstanding loan such as credit card repayment, unsecured personal loan repayment, car loan repayment, renovation loan will be taken into consideration when deriving your monthly total debt obligations. Your gross monthly income will include your fixed monthly salary, average of your variable income (e.g. commission, bonus and other allowances). This latter is further subjected to a haircut.
*Terms & Conditions apply/subject to regulatory restrictions
