How Much Can You Borrow For An HDB Flat In Q2 2026? LTV, Cash And Instalments At Five Prices

If you are looking at an HDB resale flat, the price is not the whole story. Loan rules decide how much money a lender will lend you. They also decide how much of the rest must be paid in cash, not CPF savings. And they decide what monthly income you need before the loan gets approved.

This article looks at the loan rules in force in Q2 2026. It shows what they mean at five prices, from S$400,000 to S$1,100,000. We also look at the minimum cash you need, the stamp duty, the monthly instalment, and the income needed to pass the servicing test. These figures come from this site's position engine. It applies the published rules to each price.

Here are the main numbers. At S$400,000, a first housing loan can be up to S$300,000. That is 75% of the price. The monthly instalment is S$1,423, based on a 3% interest rate over 25 years. You would need a monthly income of about S$4,742. At S$1,100,000, the same rules allow a loan of up to S$825,000. The instalment is S$3,912 a month. You would need a monthly income of about S$13,041.

What Are The Loan Rules In Force?

How much you can borrow depends on how many housing loans you already have. These rules have applied since 20 August 2024. We checked them again on 18 September 2026. A first housing loan can be up to 75% of the price. You need at least 5% of the price in cash. A second housing loan can be up to 45% of the price. You need 25% in cash. A third or later loan can be up to 35% of the price. An HDB loan is a loan given by HDB itself. It can also be up to 75% of the price. It has no minimum cash requirement.

The table below shows each of these tiers, including the lower caps that sometimes apply.

A lower cap applies in two cases. One is when the loan repayment period runs longer than 25 years for a flat. The other is when the borrower would be older than 65 when the loan ends. In these cases, a first housing loan drops to 55% of the price. The minimum cash needed doubles to 10%. The second and third loan tiers still need 25% cash, whether or not this lower cap applies.

How Does The Servicing Test Work?

Two more rules sit alongside the LTV cap. TDSR says your monthly debt repayments cannot be more than 55% of your gross monthly income. MSR applies to flats. It says your mortgage payment alone cannot be more than 30% of your gross monthly income. For an HDB flat, the MSR usually decides how much you can borrow.

Both ratios are checked using a stress rate, not the rate you actually pay. The stress rate is 4% for a bank loan and 3% for an HDB loan. This is why the income figures shown later are higher for a bank loan at the same price. The examples assume a borrower aged 35, a 25-year loan period, and an actual interest rate of 3%.

An HDB Loan At Five Prices

The first table shows an HDB loan at five prices, using a 25-year loan period. The HDB loan is stressed at 3%, the same as the actual rate used in this example. So the instalment at the actual rate and the instalment at the stress rate are the same in every row.

The table below shows, for each price, the maximum loan, the cash and CPF portions, the stamp duty, the instalment, and the income needed to pass the servicing test.

At S$550,000, the maximum loan is S$412,500. The remaining S$137,500 can come from CPF or cash. Stamp duty is S$11,100. The instalment is S$1,956 a month. You would need a monthly income of about S$6,520. The minimum cash column shows S$0 throughout. With an HDB loan, you can pay the whole downpayment using CPF, as long as you have enough in your CPF account. These figures do not check your CPF balance.

A Bank Loan For The Same Flat

If you use a bank loan instead, at the same five prices, the LTV cap and the instalment at 3% stay the same. But two things change. First, a minimum cash portion of 5% of the price now applies. Second, the servicing test uses the 4% stress rate instead of 3%.

The table below repeats the same five prices, using a bank loan and a 25-year loan period.

At S$400,000, the maximum loan is still S$300,000. But S$20,000 must be cash. The income needed for the test rises to about S$5,278, compared to S$4,742 under the HDB loan. At S$1,100,000, the minimum cash is S$55,000. The instalment at the stress rate is S$4,355. The income needed is about S$14,516. The instalment you would actually pay at 3% stays at S$3,912 in both tables. The stress rate affects the test, not your actual monthly bill.

Summary

The rules in force in Q2 2026 work like this. A first housing loan is capped at 75% of the price, with at least 5% in cash. A second loan is capped at 45%, with 25% in cash. A third or later loan is capped at 35%. These caps drop to a lower tier, 55% for a first loan, when the loan period runs past 25 years or ends after age 65. The servicing test checks your monthly debt at 4% for a bank loan or 3% for an HDB loan. The limits are 55% of your gross income for total debt, and 30% for the mortgage on a flat.

Across five prices, using a 25-year loan period, the maximum loan ranges from S$300,000 at a S$400,000 flat to S$825,000 at S$1,100,000. The instalments are S$1,423 and S$3,912 a month at 3%. These are indicative calculations based on the published rules at these prices. They are not a formal valuation of any home. They are not an offer of credit. They do not take into account your CPF balance, other debts, the rate a lender might actually offer you, or whether you qualify for an HDB loan.

Method: the loan-to-value, cash and servicing rules as recorded in this site's rules file (LTV version 2024-08-20, servicing version 2022-09-30, verified 2026-09-18), applied by the position engine to a citizen buyer aged 35 over 25 years at the file's default rate; 'income the test needs' is the stress-rate instalment divided by the 30% MSR share for a flat or the 55% TDSR share otherwise, with no other debt. The rules must be checked against MAS, HDB and IRAS before anyone relies on them. Private figures are from URA Data Service caveats, HDB figures from data.gov.sg resale records, both loaded weekly by this site's ingest. Medians are of the non-excluded transactions in the period named; sales flagged by the hygiene rules (related-party transfers, bulk deals, outliers) are left out. Every figure is indicative and drawn from recorded transactions, not a formal valuation.