Insights

HDB loan versus bank loan for a resale flat

A current neutral framework for eligibility, downpayment, rates, lock-ins and affordability.

Published 15 April 2022

Reviewed September 2026. Loan rules, rates, eligibility and CPF policies change. This is general education, not personalised financial advice.

Compare the full financing structure

An HDB loan and a bank loan differ in eligibility, downpayment, interest-rate structure, refinancing flexibility and risk. Do not choose from a headline rate alone.

  1. Confirm current HDB loan eligibility and HFE results.
  2. Compare current LTV, cash and CPF downpayment requirements.
  3. Record the rate formula, lock-in, repricing and refinancing terms.
  4. Test MSR, TDSR, income interruption and materially higher rates.
  5. Include legal, valuation and switching costs.

Use current HDB, CPF and MAS guidance plus written lender offers. Obtain regulated advice before selecting a package.