Loans, CPF or cash: How should you pay for your HDB flat?
If you work out the right methods of financing your home, you're probably already all set to buy your HDB flat.
With your salary and savings, here’s what your budget for your HDB flat should be.
Your HDB flat can be paid for in 2 portions:
Up to 90% of the purchase price can be financed with a bank loan and CPF housing grants – both amounts depend on your monthly household income
A minimum of 10% of the purchase price must be paid up front as down payment
Based on this, the simple 3-step calculator below can help you to figure out your home-buying budget:
Want to know more? Explore our other resources for buying a HDB flat in Singapore:
https://blog.carousell.com/property/hdb-resale-flat-singapore-grants/
https://blog.carousell.com/property/hdb-vs-bank-loan/
https://blog.carousell.com/property/hdb-flat-cost-singapore-tips/
https://blog.carousell.com/property/buy-resale-hdb-singapore/
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