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Anonymous

26 Jul 2025

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Can i take out a personal loan to pay for my hdb downpayment? Will it affect my HDB loan amount later on?

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Ace

21d ago

This is an affordability issue - if you can't afford, suggest don't commit, just buy whatever you can comfortably afford. Taking personal loan affects credit score... will affect all loans later (HDB/bank loan).

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FairLoan Mortgage SG

10 Aug 2025

Chief Analyst at Fairloan Mortgage Advisory

On the stricter side: No, u cant take up any additional loan for home downpayment purpose.

On the grey side: Some agents are advising clients to do so

My 2cents: If you need to take up PL for downpayment, i suggest u build up your cash/cpf first.

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Kenny Ang

04 Aug 2025

Not suggested. It will possibly affect your loan quantum on your TDSR....

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