If you’re buying an HDB flat in Singapore, you often have the option of taking an HDB concessionary loan, better known as an HDB loan. Before you apply for an HDB loan, read our ultimate guide to everything you need to know and all that it will cost you.is whether you are eligible for the loan.
However, that’s not to say the HDB loan interest rate will never change – it is always 0.1per cent higher than the CPF Ordinary Account interest rate. Currently, the CPF Ordinary Account interest rate cannot go lower than 2.50 per cent, so if the HDB loan interest rate changes, it can only increase, never decrease.However, as of Dec 16, 2021, Singapore’s government stealthily increased the HDB loan down payment to 15 per cent at midnight, surprising the country.
Source: Loan Digest (loandigest.net)
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