#10
HDB Concessionary Housing Loan (CPF OA + 0.10%)
From 2.60% p.a.(S$2.6)
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HDB Concessionary Housing Loan (CPF OA + 0.10%) from [Housing & Development Board (HDB)](/entity/housing-development-board-sg) prices from 2.60% p.a. (Concessionary Pegged (CPF OA + 0.1%), benchmarked against CPF OA (2.50%) + 0.10%) with a 0-year lock-in and Zero early repayment or refinancing penalty at any time.
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HDB Concessionary Housing Loan (CPF OA + 0.10%) from Housing & Development Board (HDB) prices from 2.60% p.a. (Concessionary Pegged (CPF OA + 0.1%), benchmarked against CPF OA (2.50%) + 0.10%) with a 0-year lock-in and Zero early repayment or refinancing penalty at any time.
Key Metrics
Specifications
LenderHousing & Development Board (HDB)
Package StructureConcessionary Pegged (CPF OA +: 0.1%)
Year 1 Effective Rate2.60% p.a.
Benchmark / SORACPF OA (2.50%) + 0.10%
Lock-In Period0 years
Minimum Loan SizeS$50,000
Refinancing SubsidyZero early repayment or refinancing penalty at any time
Offset / Account LinkDownpayment fully payable via CPF OA (0% mandatory cash downpayment, vs 5% cash on bank loans)
Pros and Cons
Pros
- Zero lock-in period, 0% mandatory cash downpayment (full 25% via CPF OA), and multi-decade 2.60% rate stability
- Can switch to a lower bank loan anytime with zero penalty
Cons
- 2.60% interest rate is ~82–100 bps higher than November 2026 bank fixed rates (1.55%–1.78%)
- Subject to S$14,000 HDB household income ceiling
Eligibility
- Minimum loan quantum S$50,000
- subject to MAS Total Debt Servicing Ratio (TDSR <=55%) and Mortgage Servicing Ratio (MSR <=30% for HDB/EC). 0-year lock-in
- refinance out to a 1.78% bank loan anytime penalty-free
Things to Watch Out For
- 2.60% interest rate is ~82–100 bps higher than November 2026 bank fixed rates (1.55%–1.78%)
- Subject to S$14,000 HDB household income ceiling
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