Singapore Mortgage Calculator (2026)
Compare HDB loan vs bank loan with amortisation schedule.
What is a Mortgage Calculator?
A mortgage calculator helps you estimate your monthly loan repayments based on the loan amount, interest rate, and tenure. In Singapore, you can choose between an HDB concessionary loan at a fixed 2.6% p.a. or a bank loan with variable rates typically between 3% and 4% p.a.
Enter property details to calculate your monthly mortgage payment.
Quick Reference
- • HDB concessionary loan: 2.6% p.a. fixed, max 25-year tenure, 75% LTV
- • Bank loan: ~3–4% p.a. variable, max 30-year tenure, 75% LTV
- • Minimum 5% cash downpayment for bank loans; HDB loan downpayment can be fully CPF
- • TDSR limit of 55% applies to all property loans; MSR of 30% applies to HDB/EC
HDB Loan vs Bank Loan
The HDB concessionary loan offers a fixed rate of 2.6% p.a. — stable and predictable. Bank loans may start lower but can fluctuate with market conditions.
Both loan types now have a maximum LTV of 75%. At least 5% in cash is required for the downpayment, with the remainder payable from CPF OA savings. Before taking a loan, check your borrowing limits with our TDSR Calculator, and estimate your upfront costs using the BSD Calculator.
Quick Comparison
HDB Loan
2.6% fixed, 25-year max, 75% LTV
Bank Loan
~3-4% variable, 30-year max, 75% LTV
Frequently Asked Questions
What is the HDB concessionary loan interest rate in 2026?expand_more
The HDB concessionary loan interest rate is 2.6% per annum, pegged at 0.1% above the CPF Ordinary Account interest rate. This rate has remained stable for many years and applies to eligible HDB flat purchases.
What is the maximum LTV for HDB and bank loans?expand_more
Both HDB loans and bank loans have a maximum Loan-to-Value (LTV) ratio of 75%. This means you need at least 25% downpayment. For HDB loans, at least 5% must be in cash, with the remaining 20% payable via CPF OA.
Should I take an HDB loan or bank loan?expand_more
HDB loans offer a fixed 2.6% rate, no penalty for early repayment, and more flexible eligibility. Bank loans may offer lower initial rates (around 3-4%) but rates can fluctuate. Choose HDB loan for stability, bank loan if you can manage rate risk.
What is the maximum loan tenure?expand_more
The maximum tenure is 25 years for HDB loans and 30 years for bank loans. However, the total loan tenure plus borrower age cannot exceed 65 years for HDB loans or 65-75 years for bank loans.
Sources
- • HDB — HDB concessionary loan interest rate and eligibility (hdb.gov.sg)
- • MAS — LTV limits and TDSR/MSR framework (mas.gov.sg)