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Buying a new HDB flat or thinking of transferring your HDB loan to a bank?
Choose from 3 home loan packages that give you maximum cash savings.
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Next Steps :
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 | Legal fee subsidy of 0.40% of loan amount or S$2,000 whichever is lower for loan size of S$100,000 & above
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| Bridging loan at just 5% p.a. (ocbc prime rate) to help pay for your initial downpayment |
| Attractive interest rates that kick in only 3 months from the Letter of Offer date, or from the date of disbursement, whichever is earlier |
| Financing of up to 80% of the purchase or valuation price |
| Repayment periods of up to 40 years instead of the usual 35 years |
| For upgraders, pay the initial downpayment with the OCBC Bridging Loan. You can borrow up to 20% of the purchase price of the new property while waiting for the sales proceeds from your existing flat. And enjoy up to 6 months from the date of disbursement of the Bridging Loan before you repay the entire sum. |
| It's so easy to get your HDB Home Loan approved. For instant approval, simply provide your personal particulars at any OCBC Bank branch or call our OCBC HDB Hotline at 1800 OCBC HDB (1800 6222 432). |
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| Individuals aged between 21-65 years old |
| Singapore Citizen or Permanent Resident |
| Minimum combined income of S$2,000 per month
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| All mortgagors must be borrowers and vice-versa |
| Maximum of 4 borrowers |
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Bank Processing Fees
| No processing fees |
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Non-Banking Fees
| Stamp Duties
Stamp duty is calculated based on the purchase price of the flat. |
| Cash Outlay Due to Difference in Purchase & Valuation Price
If the valuation is lower than the purchase price, you would have to pay the difference in cash before any loan can be disbursed |
| Home Protection Scheme (HPS)
CPF requires all members who are using CPF to pay their monthly instalments for their HDB loan to be insured under HPS. |
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