Understand Housing Loan (MSR/TDSR)

Updated: Sep 1


When to take HDB Loan or Bank Loan?

For the purchase of HDB, you can take the housing loan from HDB or Bank.

If you have taken housing loan from HDB before, there is some requirement to be met.


For the purchase of EC and Condo, you can only take the housing loan from Bank.



HDB Loan Interest Rate vs Bank Loan Interest Rate

HDB Loan interest is 2.6% pa (0.1% pegged above CPF interest rate)


Bank Loan interest is usually lower than HDB Loan interest. There are two types: fixed rate or floating rate.


The interest rate of the floating rate home loans are pegged based on SORA (Singapore Overnight Rate Average) or SIBOR (Sin