HDB concessionary interest rate loan

HDB Housing Loan

1) Flat buyers can apply for an HDB loan if you and / or your essential occupiers (if any):
(a) have at least one buyer who is a Singapore citizen;
(b) have a gross monthly household income not exceeding $8,000;
(c) have not previously taken two or more HDB concessionary interest rate loans;
(d) do not own any private residential property^ in Singapore or overseas;
(e) have not disposed off any private residential property^ within 30 months before the date of application for HDB Loan Eligibility (HLE) and have never taken any HDB concessionary interest rate loan;
(f) do not own more than one market / hawker stalls or commercial / industrial
property in Singapore or overseas;
(g) own one market / hawker stall or commercial / industrial property and operate the business yourself;
(h) are buying a 5 room or smaller resale flat under the Single Singapore Citizen (SSC) Scheme with a gross monthly income not exceeding $3,000.


2) From 1 Jan 2007, HDB will require all potential flat buyers and transferees who wish to get an HDB concessionary loan to first obtain an HDB Loan Eligibility (HLE) letter. This HLE letter must be obtained before committing to the purchase or transfer of a flat. This will provide prior information on your loan eligibility quantum and monthly instalment to ensure you are able to pay for your home and service the loan without overstretching your finances


Refer to HDB website