Mortgage Calculator Singapore: HDB & Bank Home Loans
Average age if joint
Loan
HDB lends up to 75% of the price or valuation, whichever is lower.
Max 25 years: the shorter of 25 years or until age 65.
Interest: 2.6% a year, HDB's concessionary rate (0.1% above the CPF Ordinary Account rate), reviewed every quarter.
Where the money goes
- Principal 73%
- Interest 27%
Year-by-year table
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | S$12,952 | S$11,546 | S$437,048 |
| 2 | S$13,293 | S$11,206 | S$423,756 |
| 3 | S$13,642 | S$10,856 | S$410,113 |
| 4 | S$14,001 | S$10,497 | S$396,112 |
| 5 | S$14,370 | S$10,128 | S$381,742 |
| 6 | S$14,748 | S$9,750 | S$366,995 |
| 7 | S$15,136 | S$9,362 | S$351,859 |
| 8 | S$15,534 | S$8,964 | S$336,325 |
| 9 | S$15,943 | S$8,555 | S$320,382 |
| 10 | S$16,362 | S$8,136 | S$304,020 |
| 11 | S$16,793 | S$7,705 | S$287,227 |
| 12 | S$17,235 | S$7,263 | S$269,992 |
| 13 | S$17,688 | S$6,810 | S$252,304 |
| 14 | S$18,154 | S$6,345 | S$234,150 |
| 15 | S$18,631 | S$5,867 | S$215,519 |
| 16 | S$19,121 | S$5,377 | S$196,398 |
| 17 | S$19,625 | S$4,874 | S$176,773 |
| 18 | S$20,141 | S$4,357 | S$156,632 |
| 19 | S$20,671 | S$3,827 | S$135,961 |
| 20 | S$21,215 | S$3,283 | S$114,747 |
| 21 | S$21,773 | S$2,725 | S$92,974 |
| 22 | S$22,346 | S$2,152 | S$70,628 |
| 23 | S$22,934 | S$1,564 | S$47,694 |
| 24 | S$23,537 | S$961 | S$24,157 |
| 25 | S$24,157 | S$342 | S$0 |
- Loan from HDBS$450,000
- DownpaymentCan be paid fully from CPF Ordinary Account savings with an HDB loanS$150,000
Estimates assume level monthly instalments at one rate for the whole loan. Stamp duty and legal fees are extra. With an HDB loan you must use your CPF Ordinary Account savings first (you may keep up to S$20,000 each).
Monthly instalment
S$2,042
- Loan amount
- S$450,000
- Downpayment
- S$150,000
- Total interest
- S$162,454
- Total repaid
- S$612,454
- Interest in month 1
- S$975
How this works
The monthly instalment is the standard level-payment formula on monthly rests: loan × r ÷ (1 − (1 + r)^−n), where r is the yearly rate divided by 12 and n is the number of months. The year-by-year table splits each year's payments into principal and interest.
HDB loans charge 2.6% a year, set at 0.1% above the CPF Ordinary Account rate and reviewed quarterly (unchanged for October to December 2026). HDB lends up to 75% of the price or valuation, whichever is lower, for flat applications from 20 August 2024. The tenure is up to 25 years, and the loan must be repaid by age 65.
Bank loans follow MAS rules: up to 75% of the price for a first housing loan, with at least 5% in cash. The limit falls to 55% (10% cash) if the tenure is over 25 years for an HDB flat or over 30 years for other property, or if the loan runs past age 65. The maximum tenure is 30 years for HDB flats and 35 years for private property.
The bank interest rate is an editable assumption: enter the rate your bank quotes. Banks also check that the loan passes TDSR and MSR at a 4% stress rate, which can lower the amount you can borrow.
FAQs
What is the monthly instalment on a S$450,000 HDB loan?
About S$2,042 a month over 25 years at the HDB rate of 2.6%. You would pay roughly S$162,450 in interest over the life of the loan.
What is the HDB loan interest rate in 2026?
2.6% a year. It is pegged at 0.1% above the CPF Ordinary Account interest rate of 2.5%, and HDB reviews it every quarter. It stays at 2.6% for October to December 2026.
How much can I borrow for an HDB flat?
Up to 75% of the price or valuation, whichever is lower, for both HDB loans and bank loans. HDB cut its limit from 80% to 75% on 20 August 2024. Your income also caps the loan: instalments can't exceed 30% of gross monthly income.
What is the maximum loan tenure in Singapore?
25 years for an HDB loan (and it must end by age 65), 30 years for a bank loan on an HDB flat, and 35 years for a bank loan on private property. Bank loans longer than 25 years (HDB) or 30 years (private) drop to a 55% loan limit.