Answer

Maximum HDB Loan Amount in Singapore

Q: What is the maximum HDB loan amount?

HDB loan amount is limited by (1) LTV: 80% of lower of purchase price or valuation (90% for first-timers), (2) MSR: 30% of gross monthly income, and (3) Income ceiling: $14,000 household income. The actual max loan is whichever is lowest.

Q: What is the HDB income ceiling for loans?

As of 2026, the household income ceiling for HDB loans is $14,000/month. If your household income exceeds this, you must use a bank loan instead.

Q: How much can I borrow with a $6,000 household income?

With $6,000 household income, max monthly repayment = $6,000 × 30% = $1,800. At HDB concessionary rate 2.6%, 25-year tenure, this supports ~$419,000 loan. However, you are also capped by 80% LTV of the flat price.

Q: Can I get 90% LTV on an HDB loan?

Yes, if you are a first-time applicant (never owned property before) and buying from HDB directly (BTO, SBF, or open booking). Resale buyers get 80% LTV only.

Q: How is MSR different from TDSR?

MSR (Mortgage Servicing Ratio) is 30% cap for HDB/EC loans, based only on mortgage payment. TDSR (Total Debt Servicing Ratio) is 55% cap for bank loans, based on ALL debts (mortgage + car loan + credit cards).

How much you can borrow depends on LTV, income ceiling, and the MSR 30% cap.

Answer: The maximum HDB loan amount is determined by 3 limits — whichever is lowest: (1) LTV: 80% of lower of purchase price or valuation (90% for first-timers buying new from HDB), (2) MSR: 30% of gross monthly income, and (3) Income ceiling: $14,000 household income. Example: $6,000 household income → max $1,800/mo repayment → ~$419K loan at 2.6% over 25 years, but capped by 80% LTV of flat price.

The 3 Limits on HDB Loan Amount

Limit	What It Means	Formula
LTV Cap	80% of lower of price or valuation (90% first-timers)	min(price, valuation) × 80%
MSR Cap	Monthly repayment ≤ 30% of gross household income	income × 30%
Income Ceiling	Household income must be ≤ $14,000/mo	income ≤ $14,000

Your actual max loan = lowest of the 3 limits. Most buyers hit the LTV limit first (flat price determines max loan), but low-income buyers may hit MSR limit.

Max Loan by Household Income

At HDB concessionary rate 2.6% p.a., 25-year tenure:

Household Income	Max Monthly Repayment (30% MSR)	Max Loan Amount
$4,000	$1,200	~$279,000
$6,000	$1,800	~$419,000
$8,000	$2,400	~$558,000
$10,000	$3,000	~$698,000
$12,000	$3,600	~$838,000
$14,000	$4,200	~$977,000

Loan calculation: monthly repayment → max loan using 2.6% interest, 25-year amortization. This is the MSR-based cap — you are also capped by 80% LTV of flat price.

Max Loan by Flat Price (LTV Cap)

Assuming price = valuation (typical for resale HDB):

Flat Price	Max Loan (80% LTV)	Max Loan (90% LTV, first-timer)
$350,000	$280,000	$315,000
$450,000	$360,000	$405,000
$550,000	$440,000	$495,000
$650,000	$520,000	$585,000

90% LTV only for first-time buyers purchasing new flats from HDB (BTO, SBF, open booking). Resale buyers get 80% LTV regardless.

Worked Example: $8,000 Income, $500K Flat

Couple with $8,000 household income buying a $500,000 resale 4-room flat:

LTV limit: $500,000 × 80% = $400,000
MSR limit: $8,000 × 30% = $2,400/mo → ~$558,000 loan capacity
Income ceiling: $8,000 < $14,000 ✓ (eligible)

→ Max loan = $400,000 (LTV is the binding constraint)

→ Down payment = $500,000 − $400,000 = $100,000 (can use CPF + cash)

HDB Loan vs Bank Loan Limits

Limit	HDB Loan	Bank Loan
LTV	80% (90% first-timer)	75% (55% or 45% depending on tenure/age/property count)
Debt cap	MSR 30% (mortgage only)	TDSR 55% (all debts)
Income ceiling	$14,000 household	No limit
Interest rate	2.6% fixed	~3.5% floating (varies)

If your household income exceeds $14,000, you must use a bank loan. Bank loans have lower LTV but higher interest rates.

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FAQ

What is the maximum HDB loan amount?