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HDB concessionary rate
2.6% p.a.
Stress-tested at 3% · LTV 75% · Max 25 yr
Income ceiling
S$ 14,000
family (S$21k extended)
Target flat
S$
HDB uses lower of price or valuation
Household income and financial details
HDB uses gross monthly income including all fixed allowances. Bonuses and overtime excluded.
Income & ceiling check
Combined gross income
Combined CPF OA balance
IWAA (weighted avg age)
Max tenure— yr
Total existing debts
Income within S$14,000 ceiling ✓ Eligible for HDB loan
Eligibility requirements
At least 1 Singapore Citizen — spouse/parent/child can be SC or SPR
Family nucleus required — married couple, engaged, parent-child, orphan, or multi-gen
No private property owned or disposed within last 30 months (local or overseas)
Max 2 previous HDB loans — 3rd HDB loan application not allowed
Downpayment 25% — fully payable via CPF OA, no mandatory cash component
HLE letter required — apply via HDB InfoWEB with SingPass, valid 6 months
Max HDB loan (75% LTV)
S$ —
at 2.6% p.a.
Monthly instalment
S$ —
at 2.6% actual
Stress-test (3%)
S$ —
MAS floor for HDB
MSR (mortgage repayment ÷ income)—%
30% MSR limit
55%
TDSR (all debts ÷ income)—%
30%
TDSR 55%
MSR and TDSR both within limits ✓
Upfront cost breakdown
Flat price
HDB loan (75%)
Downpayment (25%)
Buyer's Stamp Duty (BSD)
ABSDNil (SC 1st HDB)
Your CPF OA
Surplus / shortfall
Tenure vs LTV trade-off
≤25 yr (standard)LTV 75%—/mo
≤30 yr (extended)LTV drops to 55%—/mo
Extending beyond 25 yr drops LTV by 20%, requiring a significantly larger downpayment.
CPF housing grants available
Enhanced CPF Housing Grant (EHG)Up to S$ 120,000
Step-Up CPF Housing GrantS$ 15,000
Proximity Housing Grant (PHG)Up to S$ 30,000
Grants reduce loan quantum needed↓ Effective price
EHG amount depends on income tier (check HDB website). Grants applied before loan calculation.
HDB loan vs bank loan
Interest rate2.6% fixedBank: ~1.4–2.8%
Stress test3% p.a.Bank: 4% p.a.
LTV75%Bank: 75%
Max tenure25 yrBank: 30 yr
Min cash downpaymentNone (full CPF ok)Bank: 5% cash
Early repaymentFree anytimeBank: penalty
SwitchCan switch to bankCannot switch to HDB

HDB concessionary loan · 2.6% p.a. · Stress-tested at 3% (higher of 3% or CPF OA rate + 0.1%) · LTV 75% (reduced Aug 2024) · BSD per IRAS 2024. For illustration only — verify with HDB HFE letter.

Number of borrowers
Income per borrower
Income summary
Property
TDSR 55% applies. No income ceiling. MSR does not apply.
Max tenure: — yr
S$
Eligible financial assets (optional)
Banks can count your liquid assets as additional monthly income for TDSR, amortised over 48 months. Pledged assets (locked with the bank for 48 months) carry no haircut. Unpledged assets carry a 70% haircut — only 30% of their value is recognised (MAS Notice 645).
S$
Cash, FD, bonds — locked 48 mo · +asset÷48/mo
S$
Stocks, CPF, unit trusts · +asset×70%÷48/mo
Your maximum mortgage
Max property price
S$ —
Max loan
S$ —
75% LTV
Monthly repayment
S$ —
at ~2.5% est. rate
TDSR ratio (stress-tested at 4%)—%
MSR 30%
TDSR 55%
MSR applies (HDB/EC) — mortgage capped at 30% of income =
Upfront cost breakdown
Max property price
Min downpayment (25%)
Buyer's stamp duty (BSD)
Your cash + CPF
Surplus / shortfall

Stress-tested at 4% p.a. (MAS minimum floor — banks may use up to 4.5%). Actual rates ~1.4–2.8% p.a. as of 2026. BSD per IRAS 2024. For illustration only — not financial advice.

Target property
S$
TDSR 55% applies. MSR does not apply.
Max tenure: — yr
Borrowers
Income summary
LTV: 75% · No existing loans
Available funds
S$
Min 5% must be cash
S$
You can afford this property
Income and funds are both sufficient at max loan.
Required loan
S$ —
75% LTV · 30 yr
Max eligible loan
S$ —
TDSR limited
Monthly repayment
S$ —
at ~2.5% est. rate
TDSR (stress-tested at 4%)—%
30%
55%
Full cost breakdown
Property price
Required downpayment
Buyer's Stamp Duty (BSD)
ABSD (SC 1st = 0%)Nil
Your cash + CPF
Surplus / shortfall

MAS TDSR/MSR · Stress-test 4% p.a. · ABSD rates Apr 2023 · BSD per IRAS 2024 · EC CPF grants per HDB guidelines. For illustration only.

Loan details
S$
Monthly repayment
S$ —
at 2.5%
Total interest paid
S$ —
—% of loan
Total repayment (principal + interest)
S$ —
Stress-test instalment at 4% p.a.:
Amortisation schedule (year by year)
Principal Interest
YearOpening balPrincipalInterestClosing bal

Estimates only. For illustration purposes. Consult a licensed mortgage adviser before committing to any purchase.

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