People who chose to get a bank loan to finance your BTO, did you regret it? Vice versa, to those who chose the HDB loan, did you think of switching to a bank loan?

It depends how fast you intend to repay your loans. If you plan to replay in 10 years or less and are confident in the stability and certainty of your job, go for bank loan because now the interest rate environment is favourable.

Although low interest rate probably won't last for the entire 10 years, it may last a couple of years before gradually returning to high interest rate...but by then, your remaining loan amount will quite small so you can repay everything if you wish.

However, if you intend to repay over 10 years, I'd suggest to go for HDB loan. Because a low interest rate environment is unlikely to last 20-30 years...Considering the uncertainty in a long time frame (you don't know what will happen), HDB loan is a safer bet for consistent, regular repayments.

In addition, if you are on HDB loan, you can switch to bank loan.

However, if you start with bank loan or switch to bank loan in the midst of HDB loan, you cannot go back to HDB loan (forever).

Do note banks can seize HDB flat if you cannot repay. They are less forgiving than HDB.

Currently bank loan interest rates are much lower than HDB's 2.6%.

Previously, bank does not support partial repayment and has many restrictions in place where HDB is more flexible in.

This might be due to the currently economy situation which cause the banks to be more flexible now to get more loans.

I will suggest weighting how confidence you are in financing the loan to decide between bank or HDB. HDB will be more lenient in event you fail to make repayments compared to the banks.