HDB loan or bank loan — which one costs you less?
Same amount, same tenure, two different rates. The HDB concessionary rate has held steady for years; bank rates float and usually fix for only two or three. This compares the instalment and the total interest side by side.
Type your bank's actual rate. HDB loan is fixed at 2.6% (CPF OA + 0.1%).
Monthly repayment
| HDB loan (2.6%) | Bank loan | |
|---|---|---|
| Monthly | — | — |
| Total interest | — | — |
| Max LTV | Up to 75%* | Up to 75% |
| Downpayment in CPF | Fully CPF possible | 5% must be cash |
| Early repayment penalty | None | Usually 1.5% in lock-in |
*HDB loan LTV and terms per current HDB rules — verify at hdb.gov.sg. Bank comparisons use your input rate; actual packages vary.
You have your number. Now what?
Your figures carry across — nothing to key in twice.