Participating Branches:

Ang Mo Kio Central Branch, CentrePoint Branch, Compass Point Branch, Heartland Mall Branch, Jurong Point Branch, Ngee Ann City Branch, Tampines Central Branch, Tiong Bahru Branch and Yishun Central Branch.
Terms and conditions:

While stocks last. The voucher will be issued in the form of an authorised letter which can be used for redemption at the IKEA stores.
Neighbours first, bankers second

What is POSB HDB Loan?

POSB HDB Loan is the first HDB Loan to offer interest rates capped at the prevailing CPF Ordinary Account rate1 for the first 5 years. Not only will you be protected from interest rate surprises, you could enjoy guaranteed savings1 too!



^HDB Concessionary Loan rate is 2.60% p.a. at time of publication.
  1. POSB HDB Loan interest rates are capped at prevailing CPF Ordinary Account (“OA”) rate which is at 2.5% p.a. at time of print. Details on CPF OA rate are available on the website of CPF Board.
Neighbours first, bankers second
Enjoy a 6-month pass
to Universal Studios Singapore
for 2 when you refinance
your HDB Loan to us!*
*T&Cs apply
Overview

What is POSB HDB Loan?

POSB HDB Loan is the first HDB Loan to offer interest rates capped at the prevailing CPF Ordinary Account rate1 for the first 5 years. Not only will you be protected from interest rate surprises, you could enjoy guaranteed savings1 too!



^HDB Concessionary Loan rate is 2.60% p.a. at time of publication.
  1. POSB HDB Loan interest rates are capped at prevailing CPF Ordinary Account (“OA”) rate which is at 2.5% p.a. at time of print. Details on CPF OA rate are available on the website of CPF Board.
Benefits

Why should you choose POSB HDB Loan?

1
Guaranteed lower than HDB Concessionary Loan rate

Your interest rates will be lower than or capped at 2.5% p.a.1 for the first 5 years. Let‘s take a look at how this will benefit you in any interest rate environment.

Scenario 1:

When interest rates are low, you enjoy lower rates and will not have to pay more than 2.5% p.a.




Scenario 2:

When interest rates are high, you‘re protected by our interest rate cap and will pay only a maximum of 2.5% p.a.





2
Guaranteed savings from lower interest rates

Here‘s how much you can save over the first 5 years with POSB HDB Loan compared to HDB Concessionary Loan.





3
No prepayment fee

That‘s right! POSB HDB Loan gives you the flexibility to repay your loan partially or in full without incurring a prepayment fee.



^HDB Concessionary Loan rate is 2.60% p.a. at time of publication.
  1. POSB HDB Loan interest rates are capped at prevailing CPF Ordinary Account (“OA”) rate which is at 2.5% p.a. at time of print. Details on CPF OA rate are available on the website of CPF Board.
  2. Interest rate savings shown are indicative and for illustrative purposes only and computed using a loan tenure of 25 years.
  3. Based on 23 December 2015, FHR18 of 0.600% p.a. plus a spread of 1.58% p.a.. FHR18 refers to the DBS Bank‘s prevailing 18 months Singapore Dollar fixed deposit rates for amounts between S$1,000 to S$9,999 or such other sum as we may specify.a
Eligibility
  1. Who can apply for POSB HDB Loan?
    • HDB owners who have existing home loans with Housing Development Board or other banks/financial institutions
    • New HDB owners with completed flats
    • Minimum loan of S$100,000 applies



^HDB Concessionary Loan rate is 2.60% p.a. at time of publication.