HDB Concessionary Loan Repayment Calculator
Monthly instalment on an HDB concessionary housing loan at the CPF OA + 0.1% rate, with 80% LTV and CPF servicing context.
Formula
Disclaimer: Indicative math for comparison only. Actual instalments vary with lender rounding, fees, insurance, daily vs monthly reducing methods and rate resets. This is not financial advice — confirm the final schedule with your lender.
Disclaimer: This tool is for general informational and estimation purposes only and is not professional financial, tax, accounting or legal advice. All figures are estimates — verify with a qualified professional before making decisions. Read the full disclaimer.
Need hdb concessionary loan repayment calculator results fast? Skip the spreadsheet and get a clear, defensible answer in one step — free, private and instant, recalculating live as you change any input.
About HDB Concessionary Loan Repayment Calculator
This calculator prices a HDB flat (Singapore concessionary) home loan with the reducing-balance amortization formula — the exact monthly-rest math the Housing & Development Board use. With the default inputs (S$400,000 borrowed at 2.6% for 25 years) it shows the instalment, the lifetime interest and a year-by-year split of principal versus interest, then recomputes instantly as you key in the offer actually in front of you. The HDB concessionary rate is pegged at 0.1% above the CPF Ordinary Account rate — it has stood at 2.6% for years, which is why the default here is 2.6%. HDB finances up to 80% LTV (no cash minimum, unlike bank loans), accepts full servicing from CPF OA, and uniquely allows unlimited penalty-free partial or full redemption at any time. Eligibility requires an HFE letter, income within the prevailing ceilings and no recent private-property ownership. The classic dilemma — HDB 2.6% vs a cheaper bank fix — is not just about rate: switching from HDB to a bank is a one-way door (you cannot switch back), bank loans need 5% cash down and carry lock-ins, and HDB's tolerance on missed payments is more forgiving. If you value the flexibility to prepay aggressively or fear income interruptions, the concessionary loan's optionality is often worth more than a sub-1% rate gap.
How to use HDB Concessionary Loan Repayment Calculator
- 1Enter Loan amount, Interest rate (per year, reducing balance) (%), Tenure (years) into the HDB Concessionary Loan Repayment Calculator.
- 2The result is computed automatically using EMI = P · r · (1+r)^n / ((1+r)^n − 1) where r = annual rate ÷ 12, n = months — there is no button to press; it updates live as you type.
- 3Change any input to model a different scenario, then use “Copy result link” to share the exact numbers.
Why use HDB Concessionary Loan Repayment Calculator?
- ✓Computes hdb concessionary loan repayment calculator instantly with the correct formula — no spreadsheet needed
- ✓100% free and unlimited, with no sign-up, login or paywall
- ✓Runs entirely in your browser, so the figures you enter are never uploaded or stored
- ✓Shows the formula, a live worked example and references so you can defend the number
Frequently asked questions
How is the EMI on a HDB flat (Singapore concessionary) home loan calculated?+
Lenders apply EMI = P·r·(1+r)^n ÷ ((1+r)^n − 1). With the defaults here, P = S$400,000, the monthly rate r = 2.6% ÷ 12 and n = 300 months. Early instalments are interest-heavy; the principal share grows each month as the outstanding balance falls — the schedule above shows that crossover year.
Can I pay my entire HDB loan instalment with CPF?+
Yes — the monthly instalment can be fully serviced from your CPF Ordinary Account if the balance allows, subject to the CPF housing withdrawal limits for your flat. Remember that CPF used (plus the interest it would have earned) must be refunded to your CPF account when you sell the flat.
Should I switch my HDB loan to a bank loan?+
Only if the bank's rate is meaningfully below 2.6% beyond the lock-in AND you won't need the flexibility you give up: the switch is irreversible, redemption penalties apply during lock-in, and banks require cash for part of the downpayment on refinanced terms. Run both totals here, then price the optionality honestly.
Does choosing a longer tenure make the loan cheaper?+
No — it only shrinks the monthly outgo. Stretching the same S$400,000 from 25 to 30 years cuts the EMI but raises lifetime interest substantially, because interest keeps accruing on a slowly-falling balance. Compare the "Total interest" figure at both tenures before signing.
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