Can i mortgage my hdb flat

Details on the use of CPF savings and the applicable limits are shown in the Tables below. The amount of CPF savings that the buyers can use is capped at the lower of the valuation or the price of the flat at the time of purchase.

Use of CPF savings will be pro-rated based on the extent the remaining lease of the flat can cover the youngest buyer up to the age of This will help the buyers to set aside CPF savings for their housing needs during retirement e.

Buyers can use their CPF savings if the remaining lease of the flat can cover the youngest buyer up to the age of Total amount of CPF savings that can be used is capped at the lower of the valuation or the price of the flat at the time of purchase.

To finance your flat purchase, you may choose to get a housing loan from HDB or a financial institution FI regulated by the Monetary Authority of Singapore. To take out a housing loan, you need to meet the eligibility conditions and credit assessment criteria.

You must also take note of the following financing requirements:. The HLE letter will inform you of the housing loan amount you can get. Do exercise prudence and take on a loan amount that you can service comfortably over the loan tenure. We provide housing loan to eligible flat buyers. The housing loan amount is subject to credit assessment and the prevailing eligibility conditions. The HLE letter will inform you of the loan amount you can receive, based on your financial situation.

Main navigation Top Stories. Bookmark Bookmark Share. Close Top Stories. A view of HDB blocks against the Singapore skyline. File photo: Jeremy Long. However, once you have refinanced your HDB housing loan with an FI, you cannot refinance that loan with us subsequently. Upon the FI's confirmation of the loan to be granted, your appointed solicitor will need to submit the accepted Letter of Offer to the managing HDB Branch to apply for refinancing of housing loan.

If you have a collateral like a property, banks will be more favourable to offer you financing facilities secured against the collateral of your property. If your business had been in operation for a short while but now requires liquidity to purchase new raw material, obtaining trade finance facilities to finance the purchase of your raw materials may be a consideration. If you have secured a few invoices while awaiting payments, banks may be able to offer you invoice factoring to improve your cash flow and allows you to quickly turn around your receivables and put your money back into your business.

Given that machinery and equipment financing are a form of secured lending, you will be able to secure financing at a much lower interest rate cost as compared to an unsecured business term loan facility. Alternatively, small finance houses and licensed money lenders may provide alternative financing solutions to meet your needs and objectives. Do note that lending cost may be higher as compared to banks and financial institutions. Question: What is the maximum loan tenure applicable for home loan financing in Singapore?

The maximum loan tenure applicable is up to age Lower financing quatum applies for loan tenure exceeding 30yrs or up to age