Exclusive rate at 2.60% p.a. for a limited time only – Additionally, receive a S$2,000 Cash Reward when loan amount is ≥ S$250,000. Apply now.
POSB has introduced a special HDB home loan rate package at 2.60% p.a. to support home buyers and HDB owners with a monthly income of S$2,500 or less who are most affected by inflation. This package is similar to the current HDB concessionary loan rate and is exclusively available for new HDB home buyers or existing HDB homeowners refinancing from another financial institution.
The package is only available for a limited time and applies to applications where the average monthly income of all borrowers is S$2,500 or below, which refers to admissible income, including gross monthly income such as basic salary, overtime pay, and bonuses.
Other frequently asked questions
How much can you loan from a bank for HDB?
Answer: Generally, banks in Singapore offer home loans of up to 75% of the HDB flat’s value or purchase price, whichever is lower.
Is bank loan good for HDB?
Answer: Depending on your financial situation, a bank loan may be a better fit for your HDB purchase, as it can offer more flexible terms and lower interest rates compared to the HDB concessionary loan.
How do I check my HDB loan balance?
Answer: You can log into the HDB website to view your loan information or visit a HDB branch to request a loan statement to keep track of your payments and outstanding balance.
How long does it take to get a HDB loan?
Answer: The time it takes to get a HDB loan approval can vary depending on the bank and your financial situation. Generally, it takes around two to four weeks to get loan approval, but it could take longer if additional documentation or assessments are required.