Getting your HDB for the first time can be quite an experience. From applying for your unit to getting your house keys, there seems to be an endless amount of information to read up on. To top it off, an HDB flat is one of the big-ticket purchases for many and everyone is trying to make a more informed decision to save some bucks. To save you from all the hassle, we’ve summarised all the differences between a Bank Loan and an HDB Loan! TL;DR: HDB Loan vs Bank Loan – Which Is Better?  HDB LoanBank Loan Interest RateCurrently 2.6%
( 0.1% above the CPF Ordinary Account interest rate.)Currently 1.5% - 3.0%
(Depends on the bank and benchmark, interest rates fluctuates) DownpaymentCPF or
15% in Cash At least 5% in cash+ 20% in cash or using CPF OA...