Construction Loan

Build your dream home

Why you will love this

Finance up to 75% of the construction cost

Build on vacant land or redevelop an existing landed property

Convert your construction loan to an attractive home loan package upon completion

Who can apply

Singaporean or Singapore PR above 21 years old

Foreigner above 21 years old who have obtained approval from the Land Dealings Unit and the Singapore Land Authority

Let our financing solutions lay the groundwork, so that you can build your dream home.

benefits

Finance up to 75% of the construction cost

Our Construction Loan covers:

  • Professional fees
  • All charges relating to construction (including construction materials), landscaping & interior design (including fixtures & fittings)
  • Survey fees
  • Topographical study
  • Development charge

Build on vacant land or redevelop an existing landed property

Obtain financing for construction or redevelopment, ranging from alteration of the existing structure to the demolition and reconstruction of the building.

Converts to an attractive home loan package upon completion

Upon issuance of Temporary Occupation Permit (TOP), convert the facility into a home loan. Usage of CPF funds for repayments are subject to the CPF Board’s consent, as well as to the Bank’s mortgage ranking in priority to CPF Board’s charge.

Competitive interest rate package

Enjoy competitive pricing during the 18-month (or shorter) construction phase.

before you apply

Eligibility requirements

Minimum age

21 years old

Nationality

Singaporeans, Singapore PRs and foreigners (subject to approval by the Land Dealings Unit and Singapore Land Authority)



Additional information

ABS Guide: The Association of Banks in Singapore and MoneySENSE guide, "What You Should Know About Housing Loans - Key Questions to Ask The Bank Taking a Housing Loan" is available and you are encouraged to read it before committing to a residential property loan. Click here for the Guide.

ways to apply

Apply for an OCBC Construction Loan today