Housing & Development Board (HDB)
Financial Assistance Measures
An HDB concessionary housing loan that helps eligible buyers finance the purchase or takeover of an HDB flat, with clear LTV limits and safeguards for prudent borrowing. It includes guidance on second loans, mandatory insurance, and customised financial planning.
Overview
Financial Assistance Measures (FAM) provide support for HDB flat owners struggling to pay their monthly housing loan instalments.
Support options include:
- Paying arrears by instalments
- Extending the loan term
- Deferring or reducing instalments for 6 months
- Adding working family members as joint owners to help with payments
Scheme type
Who qualifies
Eligibility groups
What you receive
Eligibility details
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Citizenship: At least one applicant must be a Singapore Citizen.
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Household status: All core family nucleus members in the HFE letter application must not have taken 2 or more HDB housing loans.
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Intended flat purchase: Not available for 2‑room Flexi short-lease flats or Community Care Apartments. Singles (35+) may buy a 2-room Flexi (99-year lease) from HDB or a 5-room or smaller resale flat. Citizens aged 55+ must not be applying for a 2‑room Flexi short-lease flat.
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Income ceiling: Average gross monthly household income must not exceed $14,000 (families), $21,000 (extended families), or $7,000 (singles under SSC Scheme).
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Ownership/interest in property:
– All applicants/occupiers must not own or have an interest in any local or overseas private residential property, and must not have disposed of any private residential property in the last 30 months before the HFE letter application (based on legal completion date). – As a household, applicants/occupiers may own up to 1 non-residential property at HFE application; if more than 1, others must have been disposed of at least 30 months prior. – Applies to completed/uncompleted local and overseas properties, including ECs, privatised HUDC, mixed-use developments, etc.
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Remaining lease: Loan amount depends on the flat’s remaining lease covering the youngest applicant to age 95 and above. Up to 75% LTV applies when lease criteria are met; otherwise pro‑rated lower.
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Second HDB loan conditions: Must use CPF refund and up to 50% of cash proceeds from disposal of last-owned HDB/private property (disposed at least 30 months before HFE) for the next purchase. May retain up to $20,000 in CPF OA. If buying next flat before disposing of existing one, commercial interest rate applies initially and converts to concessionary after disposal and redemption within 6 months.
How to apply
- Apply for an HDB Flat Eligibility (HFE) letter via the HDB Flat Portal to assess your eligibility for an HDB loan and grants.
- Review the HFE results, including indicative loan amount and conditions. Ensure you meet income and property ownership criteria.
- Use HDB’s payment plan tools to check affordability and milestone payments for your intended new or resale flat.
- When you book a new flat or submit a resale application, HDB will provide a customised financial plan showing your applicable LTV and payments.
- Follow the instructions in the HDB Flat Portal to submit the HDB housing loan application and supporting documents as prompted by your case (e.g., after Option-to-Purchase for resale or at flat booking for new flats).
- If taking a second loan, arrange disposal of the previous property, refund CPF, and set aside up to 50% of cash proceeds as required.
Agency details
Service area
Singapore
Important Information
Scheme details may change. Check the official agency website for the latest eligibility, benefits, and application information.
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