Calculate monthly repayments, CPF usage and progressive payment schedules for HDB, Condo, EC and BUC properties.
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| Stage | Due (%) | Amount | Monthly Int. |
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Understanding your mortgage in Singapore requires knowing the rules for your specific property type. This calculator covers HDB flats, private condominiums, executive condominiums (EC), landed properties, and properties under construction (BUC).
| Property Type | Loan Type | Max LTV | Max Tenure | Min Cash Down |
|---|---|---|---|---|
| HDB Flat | HDB Loan | 75% | 25 years | 5% cash + 20% CPF/cash |
| HDB Flat | Bank Loan | 75% | 30 years | 5% cash + 20% CPF/cash |
| Private Condo | Bank Loan | 75% | 30 years | 5% cash + 20% CPF/cash |
| Executive Condo (EC) | Bank Loan | 75% | 30 years | 5% cash + 20% CPF/cash |
| Landed Property | Bank Loan | 75% | 30 years | 5% cash + 20% CPF/cash |
HDB flat buyers can choose between an HDB Concessionary Loan (currently 2.6% p.a., tied to CPF OA rate + 0.1%) or a bank loan. HDB loans both have a 75% LTV and more flexibility if you need to defer payments, but bank loans typically offer lower interest rates especially in the first few years.
Private property buyers must use a bank loan. The maximum LTV is 75% for your first property loan. The minimum cash portion of the down payment is 5% — the remaining 20% can come from CPF OA savings.
ECs are a hybrid of public and private housing. They are sold by private developers but subject to HDB eligibility rules. Only Singaporeans and PRs can buy a new EC. Bank loans apply from the start — HDB loans are not available for ECs. After the 5-year Minimum Occupation Period (MOP), ECs can be sold to Singapore PRs; after 10 years they become fully privatised.
When buying a property that is still under construction, you do not pay the full loan amount upfront. Instead, payments are made progressively as each stage of construction is completed. This is known as the Progressive Payment Scheme (PPS).
During construction, your bank loan is drawn down in stages. Interest is charged only on the amount drawn — not the full loan. This means your monthly interest payments start small and increase as construction progresses. Full amortization (principal + interest repayment) typically begins after the property receives its Temporary Occupation Permit (TOP).
Singapore citizens and PRs can use their CPF Ordinary Account (OA) savings to pay for housing. CPF can be used for:
The Valuation Limit (VL) is the lower of the property's purchase price or market valuation. CPF usage is capped at the VL minus the outstanding loan. Once the VL is reached, you can only continue using CPF if there is sufficient coverage from the property's remaining lease.
Bank mortgage rates in Singapore change frequently. The best rate for you depends on your loan amount, property type, loan tenure, and which banks are running promotions at the time. EaseFlow compares current packages from DBS, OCBC, UOB, Citibank, Standard Chartered, HSBC, Maybank and more — for free.