HDB Loan Eligibility Calculator

Use this calculator to check your eligibility for an HDB loan and estimate your potential loan amount.

Eligibility Criteria

At least one applicant must be a Singapore Citizen.
The applicant(s) and essential occupier(s) have not previously taken 2 or more housing loans from HDB.
Monthly household income must not exceed:
- $14,000 for families
- $21,000 for extended families
- $7,000 for singles buying under the Single Singapore Citizen (SSC) Scheme
Applicants must not own or have an interest in any local or overseas private residential property.

Note: For more detailed eligibility criteria and to apply for an HDB loan, visit the HDB website.

Use our calculator below to estimate your potential HDB loan amount and monthly payments based on your income and other factors.

Citizenship:

Monthly Income:

Age:

CPF OA Balance:

Type of Flat:

Estimated Cost of Flat:

Your personalized housing and CPF projection will appear here once you've entered your information and calculated the results.

Here's what you'll see:

To get started, fill in the required fields in the calculator above and click the "Calculate" button.

Our calculator takes into account several factors to provide you with accurate estimates:

Ensure all your documents are up-to-date and accurate.
Consider your long-term financial commitments before applying for the maximum loan amount.
Compare HDB loan rates with bank loan options to find the best fit for your situation.
Factor in additional costs like stamp duty, legal fees, and renovation expenses.

What is the maximum loan-to-value (LTV) for HDB loans?: The maximum LTV for HDB loans is typically 85% of the purchase price or market value of the flat, whichever is lower.
Can I use my CPF for the down payment?: Yes, you can use your CPF Ordinary Account savings to pay for the down payment, subject to CPF usage rules.
How does the HDB loan interest rate compare to bank loans?: HDB loan interest rates are typically more stable than bank loans, currently at 2.6% p.a. Bank loan rates may be lower initially but are subject to market fluctuations.
How does the "Additional Payment from OA Excess" works?: According to the HDB website, CPF members can keep up to $20,000 in their Ordinary Account (OA), with the rest being used for their housing loan payment. For those taking a bank loan, they can choose to keep any amount of their OA savings. For more details, please refer directly to the HDB website.

You'll love our software that incorporate all other parts of your finances.