See your monthly repayment and the figure the bank tests you at, with Singapore loan limits applied as you type.
| Year | Opening | Interest | Principal | Closing |
|---|---|---|---|---|
Your monthly instalment depends on the loan amount, the interest rate and the tenure. In Singapore, banks can lend up to 75% of the price on your first housing loan. Tenure is capped at 35 years for private property and 30 years for HDB flats. Banks also check that you could afford the loan if rates rose to 4%. That's why this calculator shows a "stress test" instalment too.
Best floating packages in September 2026 are about 1.4–1.5% a year (3-month SORA plus the bank's spread). HDB concessionary loans are 2.6% (the CPF OA rate plus 0.1%). Use the rate from your bank's offer if you have one.
MAS requires banks to assess your Total Debt Servicing Ratio at a medium-term interest rate floor of 4% for private property loans (3% for HDB loans), or your actual rate if higher. It checks you could still pay if rates rise, even though your real instalment is lower.
Your first bank loan is capped at 75% of the price only if the tenure is 30 years or less for private property (25 years for HDB) and your age plus the tenure does not go past 65. If either limit is exceeded, the cap falls to 55%, and the minimum cash downpayment rises from 5% to 10%.
Yes. With a bank loan, at least 5% of the price must be paid in cash (25% if you already have a housing loan); the rest of the downpayment can come from your CPF Ordinary Account. With an HDB loan, the whole 25% downpayment can be paid with CPF OA.
An HDB loan has a stable 2.6% rate, a 25% downpayment you can pay fully with CPF and more lenient late-payment handling. Bank loans are usually cheaper today, but rates float. You can refinance from an HDB loan to a bank loan later, but not back again.
Most bank packages have a lock-in of 2–3 years. Repaying or refinancing during the lock-in usually costs a penalty of about 1.5% of the amount redeemed. After it ends you can refinance to a new package, typically after giving 3 months' notice. Legal and valuation fees apply, though banks often subsidise them for larger loans.
On a monthly-rest basis: interest is worked out each month on the loan balance still owing, so every repayment reduces the next month's interest. That is why most of your early instalments go to interest and more goes to principal each year, as the chart above shows.
New launches bought under the progressive payment scheme draw the loan in stages as construction milestones are reached (foundation, structure, roof and so on). You only pay interest on the amount disbursed, so instalments start small and reach the full figure shown here around TOP.
A fixed rate keeps your instalment the same for the first 2–3 years, protecting you if rates rise. A SORA-linked (floating) package moves with the 3-month compounded SORA plus the bank's spread, so it falls when rates fall. Use the two-stage option above to compare the instalment before and after a fixed period ends.
See your monthly repayment and the figure the bank tests you at, with Singapore loan limits applied as you type.
| Year | Opening | Interest | Principal | Closing |
|---|---|---|---|---|
| {{ r.year }} | {{ r.open }} | {{ r.interest }} | {{ r.principal }} | {{ r.close }} |
Your monthly instalment depends on the loan amount, the interest rate and the tenure. In Singapore, banks can lend up to 75% of the price on your first housing loan. Tenure is capped at 35 years for private property and 30 years for HDB flats. Banks also check that you could afford the loan if rates rose to 4%. That's why this calculator shows a "stress test" instalment too.
Best floating packages in September 2026 are about 1.4–1.5% a year (3-month SORA plus the bank's spread). HDB concessionary loans are 2.6% (the CPF OA rate plus 0.1%). Use the rate from your bank's offer if you have one.
MAS requires banks to assess your Total Debt Servicing Ratio at a medium-term interest rate floor of 4% for private property loans (3% for HDB loans), or your actual rate if higher. It checks you could still pay if rates rise, even though your real instalment is lower.
Your first bank loan is capped at 75% of the price only if the tenure is 30 years or less for private property (25 years for HDB) and your age plus the tenure does not go past 65. If either limit is exceeded, the cap falls to 55%, and the minimum cash downpayment rises from 5% to 10%.
Yes. With a bank loan, at least 5% of the price must be paid in cash (25% if you already have a housing loan); the rest of the downpayment can come from your CPF Ordinary Account. With an HDB loan, the whole 25% downpayment can be paid with CPF OA.
An HDB loan has a stable 2.6% rate, a 25% downpayment you can pay fully with CPF and more lenient late-payment handling. Bank loans are usually cheaper today, but rates float. You can refinance from an HDB loan to a bank loan later, but not back again.
Most bank packages have a lock-in of 2–3 years. Repaying or refinancing during the lock-in usually costs a penalty of about 1.5% of the amount redeemed. After it ends you can refinance to a new package, typically after giving 3 months' notice. Legal and valuation fees apply, though banks often subsidise them for larger loans.
On a monthly-rest basis: interest is worked out each month on the loan balance still owing, so every repayment reduces the next month's interest. That is why most of your early instalments go to interest and more goes to principal each year, as the chart above shows.
New launches bought under the progressive payment scheme draw the loan in stages as construction milestones are reached (foundation, structure, roof and so on). You only pay interest on the amount disbursed, so instalments start small and reach the full figure shown here around TOP.
A fixed rate keeps your instalment the same for the first 2–3 years, protecting you if rates rise. A SORA-linked (floating) package moves with the 3-month compounded SORA plus the bank's spread, so it falls when rates fall. Use the two-stage option above to compare the instalment before and after a fixed period ends.