Getting your HDB for the first time can be quite an experience. From applying for your unit to getting your house keys, there seem to be an endless amount of information to read up on. To top it off, a HDB flat is one of the big ticket purchase for many and everyone is trying to make more informed decision to save some bucks.

Making informed decision is rather brain draining. To save you from all the hassle, we summarise the differences between a Bank Loan and a HDB Loan into 5 minutes walk in the park.

TL;DR: Comparison Table Between HDB vs Bank Loan   HDB Loan Bank Loan Interest Rate Currently 2.6%
( 0.1% above the CPF Ordinary Account interest rate.) Currently 1.3% – 2.4%
(Depends on the bank and benchmark, interest rates fluctuates) Downpayment CPF/Cash at least 5% in cash
The rest using CPF OA savings