Resale HDB Bank Loan

Hey there, anon. You should also consider:

1. Downpayment required - At least 5% must be paid in cash, and the rest can be paid with your CPF OA savings
2. Loan-to-Value limit: 75% of the purchase price of your resale HDB flat
3. Minimum loan size - Usually at least ~$100,000
4. Maximum loan tenure - Usually up to 30 years
5. Prepayment/repayment penalty - Usually 1.5% - 1.75% (this really depends on the bank)

Hope this helps! You can read more about bank loans vs HDB loans here, if you're interested: https://ohmyhome.com/en-sg/blog/should-you-get-...

1. Fixed or floating rate.
   Generally there is some sort of lock-in period for both, but it’s unadvisable to lock in for floating rate (if rates rise too quickly you cannot refinance).

2. Prepayment penalty (and period)
   This may wipe out any interest savings you hope to achieve from paying off the principal.