HDB loan: 20% downpayment, CPF or cash
With an HDB concessionary loan (up to 75% LTV), you need to fund the remaining 25% of the purchase price yourself, of which up to 25 percentage points can come entirely from your CPF Ordinary Account with no minimum cash requirement, subject to the Valuation and Withdrawal Limits.
Bank loan: minimum cash component
With a bank loan at up to 75% LTV, at least 5% of the purchase price must be paid in cash, with the remaining 20% payable via CPF or cash. If your LTV is lower (e.g. 55% for buyers with an existing home loan), the cash requirement rises correspondingly.
| Loan type | Max LTV | Min cash component |
|---|---|---|
| HDB loan | 75% | 0% (can be all CPF) |
| Bank loan | 75% | 5% of purchase price |
| Bank loan (2nd housing loan) | 45% | 25% of purchase price |
COV (if any), BSD, legal fees and valuation fees are on top of the downpayment and generally cannot be financed by the loan itself — budget for them separately, mostly in cash.
Building a downpayment budget
Add up your CPF-OA balance, savings earmarked for the purchase, and any grants you're eligible for, then compare against the downpayment plus fees for your target price range. Our Loan Calculator and Stamp Duty Calculator can help you size this out before you start viewing flats.