Housing Loan Information:

 

Maximum Loan Tenure:

Below 30 Years loan tenure:

Maximum Loan Limit: 80% of the purchase price

Minimum Cash Downpayment: 5% of the purchase price

Minimum CPF/ Cash Downpayment: 15% of the purchase price

 

Above 30 Years Loan Tenure or extends past age 65:

Maximum Loan Limit: 60% of the purchase price

Minimum Cash Downpayment: 10% of the purchase price

Minimum CPF/ Cash Downpayment: 30% of the purchase price

 

Buyer's Stamp Duty: 

Singapore Citizen/ Permanent Residents: 3% - $5400 of Purchase Price 

 

Additional Buyer Stamp Duty (ABSD):

Not Applicable for EC

 

See Chart

 

Payment Scheme - Choose either 'NPS' or 'DPS':

There are two schemes available to EC home buyers, Normal Payment Scheme (NPS) and Deferred Payment Scheme (DPS). The NPS is recommended as home buyers on the DPS usually pay 3% more. You can view the schedule of payments under the Normal Payment Scheme (Progressive Payment) and Deferred Payment Scheme below.

 

Compare the Difference between Normal Payment Scheme (NPS) & Defferred Payment Scheme (DPS) . Read More