Compare The Best Mortgage Home Loan Rates in Singapore

Q: Can I use CPF funds for down payment and repayments if I’m a PR or foreigner?

CPF Ordinary Account (OA) savings can be used by PRs for property downpayments and monthly repayments , subject to CPF withdrawal limits. However, foreigners cannot use CPF and must pay entirely by cash.

Q: Can I use my CPF to pay my entire home loan?

For HDB concessionary loans: Yes, only Singaporeans can fully utilise 100% of their CPF Ordinary Account (CPF-OA) savings for the 25% downpayment and monthly repayments, subject to your CPF savings limit. For bank home loans: You can use your CPF-OA for up to 20% of the 25% downpayment. The remaining 5% must be paid in cash. Meanwhile, monthly repayments can still be paid for using CPF-OA. 💡 MoneySmart Tip: While using CPF preserves cash, it reduces your retirement savings and the 2.5% annual interest earned on CPF-OA balances. Compare CPF interest against your loan rate to decide using our CPF vs Cash for Home Loans guide .

Q: When should I refinance my home loan?

For bank home loans, consider refinancing when: Your lock-in period ends and rates have dropped 0.5%+ below your current rate, or After 3-4 years when refinancing costs become worthwhile. Improved credit, higher income, or reduced debts may also qualify you for better rates. For HDB concessionary loans: Refinance to bank loan anytime without penalties, but you cannot switch back.

Q: What are early repayment penalties and how to avoid them?

Bank loans: 1%–1.5% repayment penalty on outstanding balance during lock-in (1-3 years). Partial repayments > 20% may also incur fees. HDB concessionary loans: No penalties, repay anytime. To avoid penalties, wait until lock-in ends, check your contract for penalty-free partial limits, negotiate waiver clauses upfront, or choose a shorter lock-in if selling within 3-5 years.

Turn your dream home into reality by purchasing or refinancing your property. Let MoneySmart help you make a better decision by comparing the best home loan interest rates that is suited to your needs.

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What is a Home Loan?

A home loan, also known as a mortgage, is a loan taken from a bank or financial institution to purchase or refinance real estate. These are secured against the property itself as collateral, and typically repayment periods (tenures) spanning 15–30 years. Given Singapore’s property prices being among the highest in the region, a home loan serves as a vital tool for Singaporeans, permanent residents (PRs), and foreigners to fund property purchases through long-term installments.

It is important to distinguish home loans from personal loans, which are unsecured cash loans used for education, renovations, or other expenses over shorter tenures of 1–7 years.

How Do HDB and Bank Home Loans Work in Singapore?

When financing a property in Singapore, your first decision is choosing between bank home loans vs HDB concessionary loans. While bank loans give more choice in interest rates, packages, and loan features, HDB loans provide stability and simpler eligibility qualification. It all boils down to your eligibility, risk tolerance, and priority between predictability or flexibility.

HDB concessionary loans

HDB concessionary loans are offered exclusively by the Housing & Development Board (HDB) for eligible buyers of HDB flats. They are characterised by:

Fixed 2.6% p.a. interest rate (pegged to current CPF OA rate + 0.1%); reviewed per quarter
Higherloan-to-value (LTV) ratio: Up to 75% for new/resale HDB flats
Minimum 25% property downpayment required:

First 5% must be paid in cash (option fee + exercise fee)
Remaining 20% paid via either CPF or cash

Up to 25 years in loan tenure, or until youngest borrower turns 65, whichever comes first

More accessible to first-time HDB buyers but less flexible compared to bank home loans

Bank home loans

Provided by banks such as DBS, OCBC, UOB, Standard Chartered, Maybank, and HSBC, bank home loans are available for HDB flats, Executive Condos, and private properties.

They give specialised access to green home loans for eco-friendly or energy-efficient properties and equity loans to borrow against the value of your existing property for cash-out refinancing.

Within bank home loans, you can choose between two interest rate structures:

Fixed-rate home loans	Floating-rate home loans
Your interest rate stays locked in for an initial period (typically 2–5 years). Thereafter, interest rates will shift to a higher floating rate. ⭐ Best for: Borrowers seeking predictable monthly repayments to manage cash flow easily	Variable interest rates that can change at any time based on market conditions. In Singapore, they are pegged to these benchmarks: SORA (Singapore Overnight Rate Average): MAS-regulated primary benchmark based on actual interbank transactions Internal board rates: Set by banks based on their funding costs Banks’ fixed deposit rates ⭐ Best for: Borrowers able to handle payment fluctuations

Fixed-rate home loans

Floating-rate home loans

Your interest rate stays locked in for an initial period (typically 2–5 years). Thereafter, interest rates will shift to a higher floating rate.

⭐ Best for: Borrowers seeking predictable monthly repayments to manage cash flow easily

Variable interest rates that can change at any time based on market conditions. In Singapore, they are pegged to these benchmarks:

SORA (Singapore Overnight Rate Average): MAS-regulated primary benchmark based on actual interbank transactions
Internal board rates: Set by banks based on their funding costs
Banks’ fixed deposit rates

⭐ Best for: Borrowers able to handle payment fluctuations

Meet our financial advisors

You don’t need to do this alone. Our advisors are here to help you plan it right.

Secure your home with the right loan at the right rate.
Our Mortgage Specialists don't just push one-size-fits-all mortgage packages. We help you navigate the home loan market to compare rates, optimise your borrowing power, and ensure your mortgage is tailored to your long-term financial goals. Meet our qualified team specialising in home loans.

Joey Wong

Senior Mortgage Specialist

‘I’ve spent more than 20 years in the mortgage industry, treating every client like a friend. I'm here to take the stress out of home loans by finding you the smartest, most money-saving mortgage plans available.’

Javen Zhu

Mortgage Specialist

‘I help you make smarter moves with one of your biggest financial commitments, your home loan. As your Mortgage Specialist, I cut through the noise of different bank packages and fine print, guiding you toward options that truly make sense for you. Think of me as your go-to person for navigating home loans, without the confusion.’

Speak to our Mortgage Specialists

Private Property

In Singapore, private properties refer to landed houses, Executive Condominiums (EC), and condominiums.
Read More →

HDB

Buying a HDB resale flat, a new HDB BTO (Built-to-Order), or a HDB SBF (Sale of Balance Flat), these are all considered HDB properties.
Read More →

HDB Loan vs. Bank Loan

Not too sure if you should get a home loan from HDB or from a bank? Here are the pros and cons you should consider.
Read More →

Home Loans For Private Properties

Buying a private or landed property in Singapore? You can only finance a mortgage through banks or other financial institutions. Depending on your risk tolerance and monthly instalment budget, you can choose from a wide range of home loan interest rates and packages.

Private properties still under construction (BUC)

If your condo, private or landed property is still building or under construction, it’s best to choose a bank loan without a lock-in period so that you can reprice or refinance to a lower interest rate eventually.

Completed or resale private properties

If you are buying a completed or resale private property, there are competitive home loans with fixed or floating interest rates from major banks in Singapore that you can choose from. Do note that you cannot take HDB loans for private properties.

Check out the latest mortgage home loan interest rates offered by major banks in Singapore for resale private properties, and private properties that are still under construction (BUC) below:

Home Loan for HDB in Singapore

If you're buying a HDB in Singapore, you have two loan options: the HDB concessionary loan (available only to Singapore Citizens with income below HDB's ceilings) or bank home loans.

HDB loans offer a stable fixed rate of 2.6% with no early repayment penalties, while bank loans provide more flexibility and competitive promotional rates.

Check out the latest mortgage home loan interest rates offered by banks for HDB BTO and resale HDBs below:

How Do Home Loans Work in 2026: Journey, Types, Comparisons

Before you begin: Private property or HDB flat?
Your property type determines your loan path from the start:

Property type	Citizenship	Loan options	Property types	Key trade-offs
HDB Flat	Singapore Citizens	HDB Concessionary Loan (2.6% fixed) OR Bank home loans	BTO flats, resale HDB flats, Executive Condos (after MOP*)	HDB: stability & simplicity Bank: flexibility & variety
HDB Flat	Permanent Residents (PRs)	Bank home loans only (after 3 years’ PR status for resale)	Resale HDB flats, Executive Condos (after MOP*)	Must compare bank packages
HDB Flat	Foreigners	–	—	—
Private Property	All eligible applicants	Bank home loans only	Condominiums, landed houses, Executive Condos (within MOP*)	Wider rate/package options but no government loan

*MOP (Minimum Occupation Period): A regulatory requirement in Singapore where HDB flat owners must occupy their home for a set period (typically 5 years) prior to selling it on the open market, leasing the entire flat, or purchasing private residential property.

Step #1: Research and comparison

Use our MoneySmart home loan comparison tool to compare loan packages side-by-side from DBS, OCBC, UOB, Standard Chartered, and Maybank to view the best rates, lock-in periods, and other fees and features at a glance.

Support your research with our mortgage calculator to estimate your monthly repayments based on different loan amounts and tenures.

Alternatively, use our refinancing calculator to show your potential savings if you switch home loans

Step #2: What to expect during home loan application

You’ll typically need:

Proof of income and employment
CPF contribution statements
Outstanding debt details (TDSR cap: Max 55% of gross monthly income)
Identification documents

For HDBs, secure a Housing Loan Eligibility (HFE) letter upfront. For bank home loans, online submissions for quick mortgage assessments are needed.

Lock-in periods, minimum loan sizes, and early repayment penalties will vary by product.

Best Home Loan Rates Singapore 2026: Bank vs HDB Comparison

If you’re trying to pick the best home loan in Singapore, compare HDB’s fixed 2.6% rate (Singapore citizens only) against attractive bank home loan rates (fixed vs floating) for both HDB and private properties.

Bank / Loan	Loan type	Lock-in period	Key fees & features	⭐ Best for
DBS 2-Year Fixed Plan	Fixed	2 years	Min. S$100,000 loan amount 1.5% partial/full redemption penalty 0.75% cancellation fee	Predictability on a shorter horizon
DBS 3-Year Fixed Plan	Fixed	3 years	Min. S$100,000 loan amount 1.5% partial/full redemption penalty 0.75% cancellation fee	“Set and forget” for 3 years
DBS Benchmark Rate 2-Year Lock	SORA Floating	2 years	Min. S$100,000 loan amount 1.5% partial/full redemption penalty 0.75% cancellation fee	Lower initial rates, but exposed to future rate changes
OCBC 2-Year Fixed Plan	Fixed	2 years	Min. S$300,000 loan amount 1.5% partial/full redemption penalty 1.5% cancellation fee Free conversion after lock-in	Higher loan size and flexibility after lock-in
OCBC Benchmark Rate 2-Year Lock	SORA Floating	2 years	Min. S$300,000 loan amount No partial redemption penalty if < 10% outstanding loan amount 1.5% full redemption penalty 1.5% cancellation fee Free conversion after 12 months	Flexibility to prepay up to 10% penalty-free
UOB 2-Year Fixed Plan	Fixed	2 years	No partial redemption if < 10% outstanding loan amount 1.5% full redemption penalty 1.5% cancellation fee	Up to 10% penalty-free partial prepayment
UOB Benchmark Rate 2-Year Lock	SORA Floating	2 years	Min. S$100,000 loan amount No partial/full redemption penalty (if maintain > S$200k) 0.75% cancellation fee Free conversion after lock-in	Complete redemption flexibility with SORA rates
Standard Chartered 2-Year Fixed Plan	Fixed	2 years	Min. S$100,000 loan amount 1.5% partial/full redemption penalty 1.5% cancellation fee	Standard package, major bank stability
Maybank 2-Year Fixed Plan	Fixed	2 years	Min. S$200,000 loan amount 1.5% partial/full redemption penalty 1.5% cancellation fee	Competitive for mid-sized home loans
HDB Concessionary Loan	Government fixed	None	Rate: 2.6% (pegged to CPF OA + 0.1%; reviewed quarterly) For eligible Singaporeans buying HDB flats only	Maximum stability & CPF OA rate linkage

Disclaimer: The table above reflects verified product structures and key features. Actual promotional rates change frequently and should be confirmed with banks at the point of application. Not sure which package fits your situation? MoneySmart's home loan specialists can help you compare current offers and find the best match for your budget and property goals.

Best Home Loan ≠ Lowest Rate 🏡

Choosing between fixed and floating home loan rates without accounting for SORA is like picking stocks blindfolded. See where Singapore’s benchmark rate is headed in our SORA Trends guide. 👇

How to Apply For HDB & Bank Home Loans: Step-by-Step Guide

Navigating home loan eligibility in Singapore means understanding how requirements differ based on your citizenship status, property type, and chosen bank. Here’s how it breaks down for Singaporeans, PRs, and foreigners.

Eligibility comparison: HDB loan vs bank home loan

Feature	HDB Loan (Singaporeans only)	Bank Home Loan (Singaporeans, PRs, Foreigners)
Citizenship	Singaporeans only	Singaporeans, PRs (after 3+ years PR status), and foreigners
Eligible property types	HDB flats only (BTO, resale)	HDB flats, ECs, private property (condos, landed)
LTV Limit	Up to 75% of purchase price or valuation	1st loan: Up to 75% or 55% 2nd loan: Up to 45% or 25% 3rd+ loan: Up to 35% or 15%
Downpayment	25% of purchase price	1st loan: 25% • Min. 5% cash (75% LTV) • Min. 10% cash (55% LTV) 2nd loan: 55% • Min. 25% cash 3rd+ loan: 65% • Min. 25% cash
CPF OA usage	✅ Full 25% downpayment ✅ Monthly repayments	⚠️ Min. 5–25% cash required for downpayment; only remainder via CPF OA ✅ Monthly repayments via CPF OA ❌ Not applicable for foreigners
Mortgage Servicing Ratio (MSR)	30% of gross monthly income	30% of gross monthly income (for HDB flats and ECs only)
Total Debt Servicing Ratio (TDSR)	N/A	55% of gross monthly income (across all debts)
Interest rate type	Fixed (pegged at 0.1% above CPF OA rate; reviewed quarterly)	Fixed or Floating (SORA, board rate, FD-linked)
Maximum loan tenure	Up to 25 years	Up to 30 years (HDB/EC) Up to 35 years (private property)
Loan switching	✅ Can switch to bank home loan anytime	❌ Cannot switch to HDB loan
Early repayment penalty	No penalty	May incur ~1.5% penalty during lock-in period
Refinancing flexibility	No fees	May incur fees if within lock-in period

Disclaimer: LTV limits and downpayment requirements depend on the number of outstanding home loans, property type, loan tenure, and borrower age. MSR applies only to HDB flats and ECs purchased with bank loans. TDSR applies to all bank home loans.

💡 MoneySmart Tip: Although no specific minimum income criteria for mortgages are mandated, local borrowers generally need gross monthly incomes of $2,500–$3,000 to secure a viable loan amount whereas foreigners might need annual incomes of $50,000–$100,000. This requirement may increase if you have existing debt obligations.

Step 1

Pinpoint your home loan priorities

Consider what matters most:

✔️ Interest rate stability: HDB loans offer predictable 2.6% fixed rates.

✔️ Flexibility & savings: Bank home loans provide competitive rates, refinancing options, and are available for all property types.

✔️ Property type: HDB flat, EC, or private property determines your loan options

Step 2

Check your eligibility and loan access

Review the eligibility table to confirm:

Your citizenship status qualifies you for the target loan type
You meet income and property type requirements
Your age validity to take up a loan (up to 65–70 years old)

Step 3

Compare home loan packages

Still unsure which loan type or package fits your financial situation?

Use MoneySmart’s home loan comparison tool to evaluate rates, lock-in periods, and total cost across top banks.

Click either “New Home Loan” or “Refinance Home Loan” to answer a quick questionnaire on your property purchase, income, and financing needs.

Step 4

Apply for preferred home loan package

Once you’ve shortlisted your preferred bank or HDB loan, submit an In-Principle Approval (IPA) application via Singpass MyInfo to understand your maximum loan amount and affordability.

Required documents:

NRIC/FIN for Singaporeans/PRs; Valid passport or Employment Pass (EP) for foreigners
Latest 3–6 months’ payslips or 2 years’ IRAS Notice of Assessment (self-employed)
12 months’ CPF contribution history
Option to Purchase (OTP)/Sale & Purchase Agreement
Bank account statements (3–6 months)
Employment letter

⏰ 1–3 business days

Step 5

Complete property valuation & final approval

After IPA, the bank or HDB will conduct a property valuation to confirm your loan amount.

You may submit additional documents (e.g. sales contract, renovation quotes) to expedite your approval process.

Upon approval, you’ll receive a Letter of Offer to review your loan amount, interest rate, lock-in period, and monthly repayment.

Once satisfied, sign the acceptance form and coordinate with your lawyer to complete the Sale & Purchase Agreement and mortgage registration.

💡 MoneySmart Tip: Most OTPs expire within 2–3 weeks, so time your application to keep it valid throughout the process

⏰ 2–4 weeks total

Step 6

Loan disbursement and repayment schedule

The bank or HDB will disburse your loan funds directly to you once approved.

Your first monthly repayment will commence according to the agreed schedule.

💡 MoneySmart Tip: Set up GIRO immediately to avoid missing instalments. Late payments hurt your credit score and incur penalties.

HDB or Bank Loans? Know the Trade-Offs

HDB vs bank loans aren’t one-size-fits-all. Tune in to our guide to learn all their differences so that you can make the right call.

Read Guide

Managing & Refinancing Your Home Loan

Staying proactive with your home loan is key to saving money and avoiding unpleasant surprises. Here’s how to manage, refinance, or reprice your home loan in Singapore, and what to keep in mind as the market changes.

When to switch your home loan (& how much it costs)?

Set reminders for when your promotional rate ends (typically 2–3 years). Your rate will likely revert to a higher "prevailing rate" afterward. It’s time to review your loan when:

Market rates drop at least 0.5% below your current rate
You want to switch from floating to fixed (or vice versa) based on market outlook
You reach the end of your lock-in period or hit loan balance thresholds
Your financial situation changes (income increase, windfall for prepayment)

Costs to consider before switching

Lock-in penalty: Refinancing early (within 2–3 years) triggers around 1.5% of outstanding amount.

Switching fees:

Repricing (same bank): ~$200–$500 admin fee
Refinancing (new bank): ~$2,000–$3,000 legal + valuation fees

Calculating break-even costs:Divide your total switching costs by your interest savings per month. For example, if switching costs $3,000 and you save $150 per month in interest, you’ll break even in 20 months.

🧠 Did you know: Many Singaporeans find that even after fees, switching to a sub-2% bank home loan saves tens of thousands over a 20-year tenure. Use our MoneySmart home loan calculator to model out the variable cost scenarios before making the switch.

Step 1

Check lock-in and notice periods

Review your home loan agreement for lock-in expiry and how much notice you must give (usually 1–3 months).
Check if you’re still within the penalty period or if you can switch without fees.

Step 2

Compare home loan packages

Use our MoneySmart home loan comparison tool to find bank offers with lower rates or better features.

Add up all costs (penalties, admin, legal, valuation fees) and model out your break-even period.
Factor in rate risks like competitive interest, switching from fixed to floating rates, and others.

Consider remaining loan tenure; shorter tenures may not justify switching loan costs.

Step 3

Step Title 3

Need help deciding? Speak to our experienced mortgage specialists.

Click the “New Home Loan” or “Refinance Home Loan” button and answer a quick questionnaire to get expert guidance tailored to your current loan.

Repricing: Apply with your current bank for a new rate/package

Refinancing: Apply to a new bank who will handle the legal transfer

⏰ 1–2 weeks

Other Useful Home Loan Resources

Enhanced CPF Housing Grant (EHG): Up to $80,000 for eligible first-time families buying an HDB flat, amount varies by income.
Family Grant: Up to $50,000 for families buying a resale HDB flat.
Singles Grant: Up to $25,000 for eligible first-time singles.

Grant amounts and income ceilings change, so always check the latest on HDB’s website or with our mortgage specialists before you commit.

💡 MoneySmart Tip: Remember to gather and submit all paperwork early (income documentation, CPF records, proof of debts, HFE for HDB buyers, etc.)

What Happens to Your Home Loan Rates When the Fed Increases the Interest Rate?

Find Out More!

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We compare so you get better deals

Feeling so spoilt for choice you cannot decide? Settling for the first option is like being forced to marry the first person you come across on a dating app. Don’t feel pressured. We compare across all banks in Singapore to ensure that you get the best deals.

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FAQs About Home Loans in Singapore

Can PRs or Foreigners qualify for the same rates as Singaporeans?

Generally, Permanent Residents (PRs) can access the same bank loan packages as Singaporeans, but cannot apply for HDB concessionary loans (Singaporeans only).

Some promo rates may be limited to Singaporeans or those with established credit history only. Meanwhile, foreigners may face higher rates, stricter caps, and more stringent income requirements.

What is the minimum I must earn to apply for a home loan?

Citizenship	Loan type	Income requirement	Property type
Singapore citizens	HDB concessionary loan	Ceiling: S$14,000/month (Families) S$21,000/month (Extended families) S$7,000/month (Singles)	HDB flats only
Singapore citizens	Bank home loan	No published minimum, but: Individual: S$24,000/year Joint: S$36,000/year	HDB flats, ECs, private property
PRs	Bank home loan only (No HDB loans)	No published minimum, but must show steady income	Private property, ECs, HDB resale (after 3+ years of PR status)
Foreigners	Bank home loan only (No HDB loans)	No official minimum, but banks typically require higher income levels	Private property only

Can I use CPF funds for down payment and repayments if I’m a PR or foreigner?

CPF Ordinary Account (OA) savings can be used by PRs for property downpayments and monthly repayments, subject to CPF withdrawal limits. However, foreigners cannot use CPF and must pay entirely by cash.

How much can I borrow for a home loan?

Your borrowing capacity is governed by three limits:

Limit	Threshold	What it means
TDSR (Total Debt Servicing Ratio)	55% of income	Total monthly debt obligations (including all loans and credit cards) cannot exceed 55% of your gross monthly income
LTV (Loan-to-Value)	75% / 45% / 35%	Maximum loan amount as a percentage of property value: 1st property: 75% (25% downpayment, min. 5% cash) 2nd property: 45% (55% downpayment, min. 25% cash) 3rd+ property: 35% (65% downpayment, min. 25% cash)
MSR (Mortgage Servicing Ratio)	30% of income	Monthly property loan repayments only (applies to HDB flats and Executive Condominiums)

Example: $8,000/month income = $4,400 max total monthly debts (TDSR) or $2,400 max property loan (MSR for HDB/EC).

Special edge cases include if your age >65, loan tenure > 30 years, or short property leases trigger lower LTV limits. Refer to our MoneySmart home loans comparison page and use our MoneySmart mortgage calculator to check your capacity.

Can I use my CPF to pay my entire home loan?

For HDB concessionary loans: Yes, only Singaporeans can fully utilise 100% of their CPF Ordinary Account (CPF-OA) savings for the 25% downpayment and monthly repayments, subject to your CPF savings limit.

For bank home loans: You can use your CPF-OA for up to 20% of the 25% downpayment. The remaining 5% must be paid in cash. Meanwhile, monthly repayments can still be paid for using CPF-OA.

💡 MoneySmart Tip: While using CPF preserves cash, it reduces your retirement savings and the 2.5% annual interest earned on CPF-OA balances. Compare CPF interest against your loan rate to decide using our CPF vs Cash for Home Loans guide.

What’s the difference between fixed-rate and floating-rate home loans?

Feature	Fixed-rate	Floating-rate
Interest rate	Bank home loans: Locked for 1–5 years, then converts to floating HDB concessionary loans: Fixed at 2.6% (CPF OA rate + 0.1%); reviewed quarterly	Fluctuates with benchmarks (SORA, bank board rates, fixed deposit rates)
Monthly repayment	Stable and predictable	Varies with market conditions
👍 Best for	Risk-averse borrowers seeking payment certainty	Those comfortable with market risk for potentially lower initial costs
Rate risk	Protected during fixed period	Example: 1% rate increase on S$500k loan ≈ +S$250–S$300/month

💡 MoneySmart Tip: Managing floating-rate risks by budgeting for 1%–2% rate increases, monitor quarterly, maintain 6-12 months mortgage buffer, and ultimately refinance if rates spike.

When should I refinance my home loan?

For bank home loans, consider refinancing when:

Your lock-in period ends and rates have dropped 0.5%+ below your current rate, or
After 3-4 years when refinancing costs become worthwhile.
Improved credit, higher income, or reduced debts may also qualify you for better rates.

For HDB concessionary loans: Refinance to bank loan anytime without penalties, but you cannot switch back.

What are early repayment penalties and how to avoid them?

Bank loans: 1%–1.5% repayment penalty on outstanding balance during lock-in (1-3 years). Partial repayments > 20% may also incur fees.
HDB concessionary loans: No penalties, repay anytime.

To avoid penalties, wait until lock-in ends, check your contract for penalty-free partial limits, negotiate waiver clauses upfront, or choose a shorter lock-in if selling within 3-5 years.

What fees and charges should I expect when taking a home loan?

Beyond your downpayment, budget for these home loan costs:

Type of fees & charges	Details
Upfront costs	Buyer's Stamp Duty (BSD): 1%–6% progressive on property value Additional Buyer's Stamp Duty (ABSD): Up to 65% depending on citizenship and property count Legal fees: ~S$2,500–S$3,500 Valuation fees: ~S$300–S$500
Ongoing costs	Fire insurance: ~S$150–S$300/year (mandatory for HDB loans; recommended for bank loans) Mortgage insurance: Required if LTV > 80% (varies by property value)
Early repayment penalty	1%–1.5% of outstanding loan during lock-in period (waived for HDB loans)

Compare The Best Mortgage Home Loan Rates in Singapore

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What is a Home Loan?

How Do HDB and Bank Home Loans Work in Singapore?

HDB concessionary loans

Bank home loans

Fixed-rate home loans

Floating-rate home loans

Meet our financial advisors

Types of Home Loans in Singapore

Private Property

HDB

HDB Loan vs. Bank Loan

Home Loans For Private Properties

Private properties still under construction (BUC)

Completed or resale private properties

Home Loan for HDB in Singapore

How Do Home Loans Work in 2026: Journey, Types, Comparisons

Step #1: Research and comparison

Step #2: What to expect during home loan application

Best Home Loan Rates Singapore 2026: Bank vs HDB Comparison

Best Home Loan ≠ Lowest Rate 🏡

How to Apply For HDB & Bank Home Loans: Step-by-Step Guide

Eligibility comparison: HDB loan vs bank home loan

Pinpoint your home loan priorities

Check your eligibility and loan access

Compare home loan packages

Apply for preferred home loan package

Complete property valuation & final approval

Loan disbursement and repayment schedule

HDB or Bank Loans? Know the Trade-Offs

Managing & Refinancing Your Home Loan

When to switch your home loan (& how much it costs)?

Costs to consider before switching

How to Switch Between HDB and Bank Home Loans: Step-by-Step Guide

Check lock-in and notice periods

Compare home loan packages

Step Title 3

Other Useful Home Loan Resources

What Happens to Your Home Loan Rates When the Fed Increases the Interest Rate?

Why Get Your Home Loan Through Us?

Simple, Fast, Convenient

We compare so you get better deals

Most importantly it's free!

Rather Chat With a Specialist?

We have helped over 81,616 Singaporeans to find their dream home

We Work with All Major Mortgage Providers

Mortgage Home Loan Calculators, Tools, and Trends

Check your max loan amount

How much tax you'll have to pay annually

How much tax you'll have to pay

Check max loan amount for HDB and EC housing loan

Monthly repayments for your home loan

How much you pay at each stage of construction

Understand SORA Rates

Compare SORA vs SIBOR vs SOR

Guide On Home Loans in Singapore

Helpful Guide to Home Loans

What Is A Home Loan In-Principle Approval (IPA)?

HDB Loan vs Bank Loan

Can a Foreigner Apply for a Home Loan in Singapore?

Overseas Property Loan Guide

Is It Better To Use CPF Or Cash To Pay For Your Home Loan?

A Single's Guide To Buying A HDB or Condo

Government Housing Schemes For Single Parents In Singapore

Guide For Expats Buying Homes In Singapore

How To Manage Your Property & Home Loans In A Divorce?

Guide to Bridging Loans

FAQs About Home Loans in Singapore

Can PRs or Foreigners qualify for the same rates as Singaporeans?

What is the minimum I must earn to apply for a home loan?

Can I use CPF funds for down payment and repayments if I’m a PR or foreigner?

How much can I borrow for a home loan?

Can I use my CPF to pay my entire home loan?

What’s the difference between fixed-rate and floating-rate home loans?

When should I refinance my home loan?

What are early repayment penalties and how to avoid them?

What fees and charges should I expect when taking a home loan?