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

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

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 http://www.hdb.gov.sg/cs/Satellite?c=Page&cid=1... 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.