Useful Info

How do I choose between an HDB concessionary loan and a bank loan?

You should consider the following factors when deciding between an HDB concessionary loan and a bank loan.

No.ConsiderationsHDB concessionary loanBank loan
1.EligibilityCheck with HDB on the eligibilityCheck with the bank on the eligibility
2.Cash downpaymentNo cash downpayment requiredAt least 5% of the Valuation Limit
3.Loan amountUp to 90% of purchase priceUp to 80% of purchase price, subject to terms and conditions
4.Interest rateFixed rate, pegged at 0.1% above CPF OA interest rateDiffer across banks/financial institutions
5.Capital repaymentHDB allows capital repayment of outstanding loan.Read more on capital repayment.Subject to financier’s approval and terms and conditions
6.Adjustment to the monthly repayment amountHDB allows adjustment to the monthly repayment amount. Read more on adjustment to monthly repayment amount.Subject to financier’s approval and terms and conditions
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伊可 (Commercial, Industrial & Residential Sales & Leasing)
PROPNEX REALTY PTE LTD
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(+65) 8222 8918
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