Asked by Anonymous

Updated on 18 Apr 2019

How much loan will HDB or bank provide me if my partner is not working at the time of applying for our BTO?


Answers (3)

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Good Day Every Day
Good Day Every Day,
Level 6. Master
Answered on 30 Nov 2018

As a general rule, the lesser the combined income, the lower the loan amount. But the amount of grants will be higher.


Randall Tan
Randall Tan,
Level 4. Prodigy
Answered on 23 May 2018

Always try to take HDB loan first because BTO will take 3-5 years to build and you do not want to pay too much downpayment. (For that 3-5 years, lower downpayment means more money sitting inside your bank earning interests)

When you are getting your keys, then you can decide if you want to switch to bank loan.

Visit and do the survey for eligblity.

This survey will let you know how much you can loan from HDB. (HLE letter)

Take note that applying BTO when your partner is not working will give you extra grants benefits. (AHG/SHG)

  1. Step 1: Sales Launch.
  2. Step 2: Submit application. $10 for registration
  3. Step 3: Receive outcome of application.
  4. Step 4: Book flat.
  5. Step 5: Sign Agreement for Lease. 5%* or 10% of purchasing price for HDB loan, 20% for bank loan
  6. Step 6: Collect flat keys. Remaining 5%* for SDS

*If you are eligible for 'Staggered Downpayment Scheme' (SDS) and booked a flat under construction, the downpayment will be 5% at the time of signing Agreement for Lease and the balance 5% will be collected at the time of keys collection.


Gabriel Tham
Gabriel Tham,
Top Contributor

Top Contributor (May)

Level 8. Wizard
Answered on 22 May 2018

Not much info in the question so I also cannot give any figures. All I can say is that the loan amount will depend on the combined income. So, even if one is not working, then your combined income will be lesser, means lesser loan amount or see it the other way, you both will get more housing subsidies.