New home financing in Singapore
Compare New Home Loans with the full picture in view.
A home loan should suit your property, budget and plans—not simply carry an attractive headline rate. Tell us what you are buying and review suitable package structures across multiple banks.
- HDB and private homes
- Fixed and floating options
- No documents needed to start
Start from your property
Different homes create different financing decisions.
The useful comparison begins with what you are buying, when you need the funds and how much flexibility you want later.
Buying an HDB flat
Understand the practical differences between an HDB housing loan and a bank loan. Eligibility for an HDB housing loan is assessed through the HDB Flat Eligibility process.
Buying a condo or landed home
Compare bank packages by rate structure, lock-in conditions, fees and flexibility—not by the promotional headline alone.
Buying a resale or new-launch property
Your payment schedule and expected completion date affect when financing should be arranged. Share your stage early so the next step is clearer.
Beyond the advertised rate
A cheaper-looking package is not always the better fit.
Look at how the loan behaves during the years you are likely to keep it.
How the rate is structured
Check whether the rate is fixed for a stated period or floating against a benchmark or board rate. Understand when and why it can change.
Lock-in and early-exit conditions
Review what may happen if you sell, refinance, redeem the loan or make a partial repayment during the lock-in period.
Fees, subsidies and clawbacks
Legal subsidies, valuation arrangements and promotional benefits may carry conditions. Compare the complete cost and read the Letter of Offer carefully.
Flexibility after the first few years
Consider repricing options, partial repayments and what happens after a fixed period or promotional spread ends.
Monthly comfort, not maximum borrowing
A lender’s assessment is not a personal spending target. Leave room for household costs, emergencies and changes in interest rates.
For eligible HDB buyers
HDB housing loan or bank loan?
This is not simply a rate comparison. Eligibility, cash-flow needs, package structure and future flexibility all matter.
Start with your HFE outcome
The HDB Flat Eligibility letter tells you about your eligibility to buy an HDB flat, receive housing grants and obtain an HDB housing loan.
- Available only when HDB’s prevailing eligibility conditions are met
- Loan amount depends on HDB’s assessment and the flat purchase
- Official conditions should be checked directly with HDB
Compare the complete package
Bank packages can differ in rate structure, lock-in period, minimum loan amount, fees and repayment flexibility. Approval depends on the bank’s assessment.
- Fixed and floating structures may be available
- Terms and promotions can change between lenders
- The Letter of Offer contains the binding loan conditions
For current HDB eligibility and application information, refer to the official HDB housing loan guidance.
Prepare without overcomplicating it
What lenders may review—and what to have ready.
Requirements vary by lender and applicant. These are common areas, not a promise of eligibility or a final document checklist.
Your financial position
The lender needs enough information to assess whether the requested loan can be serviced.
- IncomeEmployment or business income
- Existing debtsCurrent financial commitments
- Credit historyPast repayment conduct
- Applicant profileAge, residency and borrower details
- Property detailsType, value and remaining lease where relevant
- Requested tenureProposed repayment period
Common supporting documents
The selected lender will confirm the exact documents needed for your application.
- Identity detailsDocuments requested by the lender
- Income recordsPayslips, tax or business records as applicable
- CPF informationContribution or balance information where relevant
- Purchase documentsBooking, option or sale documents as applicable
- Debt informationDetails of existing credit commitments
- Property informationDocuments requested for valuation and review
Do not send NRIC images, Singpass credentials or financial documents through the initial website form. Begin with basic information only.
A clearer route forward
From property plan to bank application.
Start with enough context to make the comparison useful. Detailed documents come later, when the selected lender asks for them.
Share the basics
Tell us the property type, purchase stage and estimated financing need.
Clarify your priorities
Discuss timing, monthly comfort and whether stability or flexibility matters more.
Review suitable options
Compare relevant package structures and important conditions across multiple banks.
Apply with your choice
Continue with the selected lender, provide its required documents and review its Letter of Offer.
CPF is part of the plan
Using CPF can help with housing costs. It still needs a long-term view.
CPF Ordinary Account savings may be used for eligible housing payments, subject to CPF rules and applicable usage limits. Keeping some OA savings can also provide a buffer for future instalments.
When a property is sold, CPF savings used for the property generally need to be refunded with accrued interest, subject to the prevailing rules and sale proceeds.
Check your personal position through the official CPF housing guidance before deciding how much cash and CPF to use.
Common questions
Straight answers before you begin.
The exact answer can depend on your property, finances and the lender’s current criteria.
No. On this page, “new home loan” means financing a property purchase rather than refinancing an existing mortgage. You may be buying your first or a subsequent property. Eligibility and applicable limits depend on your circumstances.
SHS helps buyers review suitable home-loan package structures across multiple banks. Availability, pricing and approval depend on the lender’s current offering and assessment.
Neither is automatically better. A fixed structure can provide repayment certainty for its stated fixed period. A floating structure can change with its reference rate or pricing formula. Compare the complete terms and consider how much payment movement you can tolerate.
CPF Ordinary Account savings can be used for eligible housing payments, subject to CPF rules and usage limits. Check the current CPF guidance and your available housing withdrawal limit before committing.
No financial documents are needed for the first SHS enquiry. The selected lender will later confirm the identification, income, property and supporting documents required for its application.
No. The form begins a discussion and is not a loan offer. Eligibility, package availability, pricing and approval remain subject to the selected lender’s assessment.
Ready when you are
Tell us what you are buying. We will help you make sense of the options.
Begin with the property type, estimated value and loan amount. No NRIC, Singpass credentials or financial documents are required at this stage.