Can I take on HDB loan now and pay 10% down and switch to a bank loan before key collection est in 2026?

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You can choose to take a HDB loan first to reduce the amount required for your downpayment now.

You then have the option of "switching to" a bank loan before collecting your keys, but do note the following:

1) Since you haven't collected the keys yet, it will still be considered a "new purchase", so you will probably still need to pay the additional 15% downpayment (of which at least 5% of the purchase price must be in cash)

2) The application, approval and loan disbursement process with the bank will take about 2 months. This may end up delaying the key collection (since you cannot collect the keys until loan disbursement)

Alternatively, you can collect the keys first, and then refinance to a bank loan after you have paid the HDB loan for about 3 months (to prove to the bank that you're credit-worthy). This also means you don't need to worry about the downpayment since it is refinancing.

Hope this helps!