Income ceiling for HDB loan – HDB for rent in Singapore
HDB provides housing loans at concessionary interest rate to flat buyers, subject to HDB’s credit assessment and prevailing mortgage loan criteria. HDB for rent in Singapore.
Since 1 January 2003, flat buyers who are not eligible for an HDB housing loan and require financing to buy a flat will have to take a mortgage loan from a bank/ financial institution that is licensed by the Monetary Authority of Singapore.
Flat buyers can apply for an HDB housing loan if you and your essential occupiers (if any) meet all of the following income ceiling – HDB for rent in Singapore
| Type of Flat | Gross Monthly Household Income |
| Buying a 3-room (mature towns/estates), 3-room (Premium), 4-room or bigger flat | Your gross monthly household income must not exceed $12,000.If you are buying a flat with your extended family, your gross monthly household income must not exceed $18,000. |
| Buying a 3-room (non-mature towns/estates) | Your gross monthly household income must not exceed $6,000. |
| Buying a 2-room (non-mature towns/estates) | Your gross monthly household income must not exceed $6,000. |
Source: HDB InfoWEB
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