Important: Mortgage rates change frequently. The rate ranges in this article are indicative and based on publicly available information as of April 2026. Always verify current rates directly with your bank or HDB before committing. Check official bank terms, eligibility rules, and total loan costs before deciding.
Buying an HDB flat is the largest financial commitment most Singaporeans make. Choosing the right home loan can save tens of thousands of dollars over the life of your mortgage. This guide covers the best HDB loan options available in Singapore in 2026, how to compare them, and what to consider before committing.
Quick Summary
HDB flat buyers in Singapore can choose between an HDB Concessionary Loan or a bank loan. As of April 2026, the HDB Concessionary Loan rate is 2.6% p.a. (CPF OA rate of 2.5% + 0.1%, confirmed for both Jan–Mar 2026 and Apr–Jun 2026; CPF Board: www.cpf.gov.sg). Publicly available 2026 mortgage comparison data shows competitive fixed bank packages available from approximately 1.35%–1.55% p.a. — verify current rates with your bank or a licensed mortgage broker.
Key Facts:
- The HDB Concessionary Loan rate is pegged at CPF OA rate + 0.1%. The CPF OA rate for Apr–Jun 2026 is 2.5% p.a., making the HDB loan rate 2.6% p.a. (CPF Board, April 2026: www.cpf.gov.sg/member/infohub/news/news-releases/cpf-interest-rates-from-1-april-to-30-june-2026).
- The maximum LTV for HDB Concessionary Loans was lowered from 80% to 75% with effect from 20 August 2024, matching the bank loan LTV cap (HDB, 2024: www.hdb.gov.sg/business-partners/estate-agents-and-salespersons/letters-to-keos/measures-to-cool-the-hdb-resale-market-and-provide-greater-support-for-first-time-home-buyers).
- Once you refinance from an HDB loan to a bank loan, you cannot refinance back to the HDB Concessionary Loan (HDB: www.hdb.gov.sg/managing-my-home/finances/loan-matters/refinance).
- Maximum loan tenure: 25 years for HDB Concessionary Loans; 30 years for bank loans on HDB flats (subject to age at maturity).
- SORA has been published by MAS since 1 July 2005; industry bodies recommended transitioning from SOR/SIBOR to SORA as the main SGD benchmark from 2020 onward. The SIBOR-to-SORA transition was completed in February 2025 (ABS: abs.org.sg/benchmark-rates/sor-sibor-to-sora-main).
Top Picks at a Glance
- Best for first-time buyer / maximum flexibility: HDB Concessionary Loan (2.6% p.a., no lock-in)
- Best for rate certainty (2 years): POSB/DBS Fixed Rate
- Best for rate certainty (3 years): UOB Fixed Rate
- Best for floating rate preference: POSB/DBS FHR Floating
- Best for lowest current rate: Check live rates at cashew.sg/best-rates or with your bank
Comparison Table (Last updated: April 2026)
Important: Specific rate figures for bank packages are not shown because rates change frequently and vary by package promotion, LTV, and loan size. Publicly available 2026 mortgage comparison data shows competitive fixed packages available from approximately 1.35%–1.55% p.a. Always verify current rates directly with your bank or via a licensed mortgage broker (e.g., cashew.sg/best-rates).
| Loan Option | Rate Type | Max LTV | Lock-in | Key Feature | Source | Last Verified |
|---|---|---|---|---|---|---|
| HDB Concessionary Loan | Floating (CPF OA + 0.1%) = 2.6% p.a. | 75% | None | No prepayment penalty; govt-backed | www.hdb.gov.sg | Apr 2026 |
| POSB/DBS Fixed Rate (2-yr) | Fixed then floating | 75% | 2 years | Competitive fixed rate; DBS IDEAL platform | www.posb.com.sg | Apr 2026 |
| POSB/DBS FHR Floating | Floating (FHR-pegged) | 75% | 1 year | Slower rate movement vs SORA | www.dbs.com.sg | Apr 2026 |
| OCBC Fixed Rate (2-yr) | Fixed then floating | 75% | 2 years | Seamless for OCBC customers | www.ocbc.com | Apr 2026 |
| UOB Fixed Rate (3-yr) | Fixed then floating | 75% | 3 years | Longest standard fixed period | www.uob.com.sg | Apr 2026 |
| Maybank Fixed Rate (2-yr) | Fixed then floating | 75% | 2 years | Check for competitive promos | www.maybank2u.com.sg | Apr 2026 |
| Standard Chartered HDB Home Suite | Floating (36M FDR + margin) | 75% | Verify with SC | FDR-pegged; 36M FDR = 1.27% p.a. as of Apr 2026 | www.sc.com/sg | Apr 2026 |
Sources: HDB (2024), CPF Board (2026), ABS (2025), individual bank websites (April 2026). LTV, rates, and terms are subject to change — verify with each lender.
Our Methodology
Loan options in this guide were selected based on: (1) publicly available product information from official bank and HDB websites; (2) relevance to different HDB buyer profiles; (3) verified eligibility and LTV rules as of April 2026. Specific rate figures for bank packages have been removed from the main table because they change frequently — readers should check live rates directly with banks or a licensed mortgage broker.
How to Choose an HDB Loan
- HDB loan vs bank loan. The HDB Concessionary Loan (2.6% p.a. as of Q2 2026) offers stability, no lock-in, and no prepayment penalty. Bank loans may offer lower rates in competitive market cycles but come with lock-in periods. As of April 2026, competitive bank fixed rates start from approximately 1.35%–1.55% p.a. — verify current rates with your bank.
- LTV cap. Both HDB Concessionary Loans and bank loans on HDB flats are subject to a maximum 75% LTV since August 2024 (HDB, 2024). Factor in the required 25% down payment (at least 5% in cash; remainder can be CPF).
- Fixed vs floating rate. Fixed-rate bank loans offer predictable monthly repayments for 2–3 years before repricing. Floating-rate loans (FHR-pegged or SORA-pegged) move with market rates. SORA has been the main SGD benchmark since the SOR/SIBOR transition completed in February 2025.
- Lock-in period and exit costs. Most bank packages carry a lock-in period (1–3 years) with prepayment penalties. Understand the exit cost before committing — especially if you may sell or refinance within the lock-in window.
- Total borrowing cost. Compare the all-in cost: rate type, lock-in period, legal fees, fire insurance, and any penalties. MoneySense recommends comparing the total loan package cost, not just the headline rate (MoneySense: www.moneysense.gov.sg/costs-of-borrowing-flat-rate-monthly-rest-and-effective-interest-rate/).
- MSR and TDSR. The Mortgage Servicing Ratio (MSR) caps HDB flat loan repayments at 30% of gross monthly income. The Total Debt Servicing Ratio (TDSR) caps all monthly debt repayments at 55% of gross income. Verify your eligibility before applying.
The 7 Best HDB Loan Options
1. HDB Concessionary Loan
Best for: First-time buyers, CPF-heavy purchasers, and those valuing flexibility
The HDB Concessionary Loan is available exclusively through HDB and carries a rate pegged to CPF OA rate + 0.1% = 2.6% p.a. for Q2 2026 (CPF Board, April 2026: www.cpf.gov.sg/member/infohub/news/news-releases/cpf-interest-rates-from-1-april-to-30-june-2026). There is no lock-in period and no prepayment penalty. The maximum LTV is 75% since August 2024 (HDB, 2024).
Quick Facts (Last verified: April 2026):
- Lender: HDB
- Rate: CPF OA rate + 0.1% = 2.6% p.a. (Q2 2026)
- LTV: Up to 75% (since August 2024)
- Lock-in Period: None
- Prepayment Penalty: None
- Eligibility: Singapore citizens; income ceiling applies (verify current ceiling at www.hdb.gov.sg)
- Max tenure: 25 years
- Source: www.hdb.gov.sg/cs/infoweb/residential/financing-a-flat-purchase/housing-loan-from-hdb/eligibility-conditions
Pros: No lock-in. No prepayment penalty. Rate historically stable. Government-backed.
Trade-offs: At 2.6% p.a., rate is currently higher than competitive bank fixed packages (~1.35–1.55% as of April 2026). Once you switch to a bank loan, you cannot return to the HDB loan.
2. POSB/DBS Fixed Rate HDB Loan (2-Year)
Best for: Buyers seeking near-term rate certainty with a major local bank
POSB and DBS offer 2-year fixed rate HDB home loan packages. The rate reprices to a floating rate after the fixed period. Verify current rates at www.posb.com.sg/personal/loans/homeloans/hdb-loan (rates change frequently; as of April 2026, competitive market rates start from approximately 1.35%–1.55% p.a.).
Quick Facts (Last verified: April 2026):
- Lender: POSB / DBS Bank
- Rate Type: Fixed (2 years), then floating
- LTV: Up to 75%
- Lock-in Period: 2 years (prepayment penalty applies in lock-in)
- Source: www.posb.com.sg/personal/loans/homeloans/hdb-loan
Pros: 2 years of rate certainty. DBS IDEAL platform for loan management. Widely accessible.
Trade-offs: Prepayment penalty applies during lock-in. Rate rises after fixed period unless repriced. Verify current rate before applying.
3. POSB/DBS Floating Rate (FHR-linked)
Best for: Buyers expecting interest rates to fall who prefer a floating rate
DBS’s Fixed Deposit Home Rate (FHR) packages link the loan rate to DBS’s fixed deposit rates, which tend to move more slowly than SORA. This can provide a buffer during rate volatility. Verify current FHR rate and margin at www.dbs.com.sg.
Quick Facts (Last verified: April 2026):
- Lender: DBS / POSB
- Rate Type: Floating (FHR-pegged)
- LTV: Up to 75%
- Lock-in Period: Typically 1 year (verify with DBS)
- Source: www.dbs.com.sg/personal/loans/home-loans/hdb-home-loan
Pros: Slower rate movements vs SORA. Shorter lock-in than 2-year fixed. Benefits from falling FHR.
Trade-offs: Rate can still rise. Less predictable than a fixed-rate package. Verify current FHR and margin.
4. OCBC Fixed Rate HDB Loan (2-Year)
Best for: OCBC banking customers seeking a competitive fixed-rate package
OCBC offers 2-year fixed HDB loan packages accessible through OCBC’s home loan specialists. Verify current rates at www.ocbc.com (rates change frequently).
Quick Facts (Last verified: April 2026):
- Lender: OCBC Bank
- Rate Type: Fixed (2 years)
- LTV: Up to 75%
- Lock-in Period: 2 years
- Source: www.ocbc.com/personal-banking/loans/home-loans/hdb-home-loan.page
Pros: 2 years of rate certainty. Seamless for OCBC banking customers. Legal subsidy may be available (verify).
Trade-offs: 75% LTV cap. Prepayment penalty during lock-in. Verify current rate.
5. UOB Fixed Rate HDB Loan (3-Year)
Best for: Buyers wanting the longest standard fixed period
UOB offers a 3-year fixed rate package for HDB loans, providing longer rate certainty than the standard 2-year market norm. Verify current rates at www.uob.com.sg.
Quick Facts (Last verified: April 2026):
- Lender: UOB Bank
- Rate Type: Fixed (3 years)
- LTV: Up to 75%
- Lock-in Period: 3 years
- Source: www.uob.com.sg/personal/borrow/property-loans/hdb-home-loan.page
Pros: Longest standard fixed period (3 years). UOB home loan advisers widely available.
Trade-offs: Longer lock-in increases prepayment risk if you sell or refinance early. Verify current rate.
6. Maybank Fixed Rate HDB Loan (2-Year)
Best for: Buyers checking all major banks for the most competitive promotional rate
Maybank periodically offers competitive fixed-rate HDB packages. As of April 2026, Maybank’s public HDB page advertises fixed interest rates from 1.45% p.a. for a limited promotional period — verify current availability at www.maybank2u.com.sg. It is worth including Maybank in any home loan comparison exercise.
Quick Facts (Last verified: April 2026):
- Lender: Maybank Singapore
- Rate Type: Fixed (2 years)
- LTV: Up to 75%
- Lock-in Period: 2 years
- Source: www.maybank2u.com.sg/home/personal/loans/home-loans/hdb-home-loan.page
Pros: Can be highly competitive during promotional periods.
Trade-offs: Promotional rates are time-limited — verify current availability. Fewer digital self-service tools than DBS or OCBC.
7. Standard Chartered HDB Home Suite
Best for: Buyers preferring a Fixed Deposit Rate-pegged floating loan
Standard Chartered’s HDB Home Suite product is priced based on the 36-month Fixed Deposit Rate plus a margin. As of April 2026, the 36M FDR is 1.27% p.a. (Standard Chartered, April 2026: www.sc.com/sg/borrow/mortgages/hdb-home-suite/). This is a FDR-pegged floating product, not a SORA-linked loan — verify current rate, margin, and product structure directly with Standard Chartered.
Quick Facts (Last verified: April 2026):
- Lender: Standard Chartered Singapore
- Rate Type: Floating (36M FDR + margin)
- 36M FDR: 1.27% p.a. (as of April 2026; subject to change)
- LTV: Up to 75%
- Lock-in Period: Verify with Standard Chartered
- Source: www.sc.com/sg/borrow/mortgages/hdb-home-suite/
Pros: Transparent FDR-pegged benchmark. Benefits from FDR declines.
Trade-offs: Rate can change. Verify current FDR rate, margin, lock-in, and full product terms directly with Standard Chartered.
Best for Use Cases
| Use Case | Recommended Option |
|---|---|
| First-time buyer, flexible terms | HDB Concessionary Loan |
| Rate certainty (2 years) | POSB/DBS Fixed Rate |
| Rate certainty (3 years) | UOB Fixed Rate |
| FHR-based floating preference | POSB/DBS FHR Floating |
| OCBC account holder | OCBC Fixed Rate |
| Best promotional rate check | Maybank Fixed Rate (check current promotions) |
| FDR-pegged floating loan | Standard Chartered HDB Home Suite |
FAQs
What is the current HDB loan rate in Singapore?
The HDB Concessionary Loan rate is 2.6% p.a. for Q2 2026, pegged at the CPF OA rate (2.5%) + 0.1% (CPF Board, April 2026: www.cpf.gov.sg). Competitive bank fixed packages are available from approximately 1.35%–1.55% p.a. as of April 2026 — verify current rates with your bank.
What is the HDB loan LTV limit?
The maximum LTV for HDB Concessionary Loans was lowered from 80% to 75% with effect from 20 August 2024 (HDB, 2024: www.hdb.gov.sg). Bank loans on HDB flats are also capped at 75% LTV.
Can I switch from an HDB loan to a bank loan?
Yes. You can refinance from an HDB loan to a bank loan at any time, provided you meet the bank’s eligibility criteria. However, once you switch to a bank loan, you cannot refinance back to the HDB Concessionary Loan (HDB: www.hdb.gov.sg/managing-my-home/finances/loan-matters/refinance).
What is the maximum loan tenure for an HDB flat?
The maximum loan tenure is 25 years for HDB Concessionary Loans and 30 years for bank loans on HDB flats, subject to the borrower’s age at loan maturity (Maybank HDB loan FAQ: www.maybank2u.com.sg).
What is the difference between fixed and floating HDB loan rates?
A fixed rate stays constant for a set period (typically 2–3 years), providing repayment certainty. A floating rate moves with a benchmark (SORA, FHR, or bank board rate). SORA (Singapore Overnight Rate Average) has been published by MAS since 2005 and became the main SGD benchmark following the SOR/SIBOR transition completed in February 2025 (ABS: abs.org.sg/benchmark-rates/sor-sibor-to-sora-main).
For current HDB loan rates and to apply, visit: www.posb.com.sg/personal/loans/homeloans/hdb-loan
Sources: CPF Board (April 2026: www.cpf.gov.sg), HDB (2024: www.hdb.gov.sg), ABS (2025: abs.org.sg), MoneySense (www.moneysense.gov.sg), Standard Chartered (April 2026: www.sc.com/sg), Maybank (www.maybank2u.com.sg), Cashew Mortgages (cashew.sg/best-rates, April 2026). Rates are indicative — always verify with lenders directly.
