One of the major financial considerations in the adulting journey is to purchase your first home. As houses are big ticket items, it is not uncommon to turn to debt to finance this asset. Heartland Boy purchased a BTO, which is a form of public housing back in 2014. In beginning 2019, as he collected the keys to his HDB flat, he was faced with the dilemma of choosing between a HDB housing loan or a bank loan. Eventually, Heartland Boy chose HDB loan over a bank loan. Here are the advantages of choosing a HDB loan over a bank loan.

1. No Early Repayment Penalty For HDB Loan

One of the attractiveness of a HDB housing loan lies in its flexibility. A HDB loan borrower will not be penalized for choosing to repay his HDB loan early while the same cannot be said for most bank loans. For example,