Learn more about taking a mortgage loan for your housing needs, how much you can loan and the down payment needed.

Taking a Bank Loan

To finance your residential property

Max loan amount



Interest Rate







75% of Purchase Price or Valuation whichever is lower

Max 30 years

Mortgage of property to Bank         

Fixed/ Variable

Not more than 60% of Gross Income (TDSR)

* Fixed Rate - Applies for initial period; floating rates apply thereafter

   Variable Rate - Tied to reference interest rates

Total Debt Servicing Ratio (TDSR)

TDSR refers to the total monthly loan repayment ratio which is measured against your gross monthly income before any CPF deductions. It has a 60% threshold, meaning all debt obligations are not allowed to exceed 60% of a person's gross monthly income.

For e.g.

Alex has a gross monthly income of $6000

TDSR limit is at 60%, equivalent to $3600

Servicing monthly repayments: $1500 (Car loan $1000 + Student loan $500)

Amount available for home loan: $3600 - $1500

                                                         = $2100

Taking a HDB Concessionary Loan

To finance your HDB Flat

If you are intending to purchase a HDB flat and taking a HDB Concessionary loan, you have to know your eligibility to buy and how to apply for HDB Loan Eligibility (HLE) Letter.

To be eligible for a HDB loan:

  • At least one applicant needs to be a Singaporean Citizen

  • Applicant needs to be 21 years old and above

  • Household income must not exceed $12,000 and $18,000 for extended families

  • Applicant must not have owned/ disposed of any private residential properties within the last 30 months

  • Applicant does not own more than 1 hawker stall or commercial property

HDB Loan Eligibility (HLE) Letter

To take a HDB loan, you first have to obtain a HLE letter before committing to a transaction.


This HLE letter provides information on:

  • Your eligible loan amount 

  • Monthly instalments

  • Repayment period 

  • Amount of cash proceeds available from disposal of existing flat

The HLE letter is valid for 6 months and applicants have to wait out a 30 month period from disbursement of loan before being able to apply for another loan. 

For more information on HDB loan, visit