New Launch EC Home Loan
Updated on 30 Sep 2022
Home Loan max. 75% of the purchase price
This is an estimate calculation, exact amount subject to Bank calculation and approval.
New Launch EC Bridging Loan
(For those currently own HBD flat & for DPS only)
EC Home Loan + Bridging Loan can up 80% of EC deferred payment price
This is an estimate calculation, exact amount subject to Bank calculation and approval.
Normal Payment Scheme (NPS) & Deferred Payment Scheme (DPS) Bank Loan
The Four Main Types of EC Bank Loans
This is an estimate calculation, exact amount subject to Bank calculation and approval.
Normal Payment Scheme (NPS) or Deferred Payment Scheme (DPS)
Two type of payment scheme for EC
| Description | NPS | Pay By | DPS | Pay By | |
| Upon the grant of Option to Purchase (OTP) | 5% | Cash only | 5% | Cash only | |
| Upon signing Sale & Purchase Agreement or within 9 weeks from the Option date | 15% | Cash or CPF | 15% | Cash or CPF | |
| Estimated Buyer’s Stamp Duty & Legal Fee | 3% | Cash or CPF | 3% | Cash or CPF | |
| Completion of foundation work (10%) | 5% | Cash or CPF | No payment required until TOP | ||
| 5% | Home Loan | ||||
| Completion of reinforced concrete framework of unit | 10% | Home Loan | |||
| Completion of partition walls of unit | 5% | Home Loan | |||
| Completion of roofing/ceiling of unit | 5% | Home Loan | |||
| Completion of door sub-frames/ door frames, window frames, electrical wiring, internal plastering and plumbing of unit | 5% | Home Loan | |||
| Completion of car park, roads and drains serving the housing project | 5% | Home Loan | |||
| Upon obtaining Temporary Occupation Permit (TOP) | 25% | Home Loan | 65% | Cash or CPF or Bridging Loan & Home Loan | |
| Upon obtaining the Certificate of Statutory Completion (CSC) | 15% | Home Loan | 15% | Home Loan | |
Home Loan Max. 75%, Home Loan + Bridging Loan can go up to 80% of the purchase price
Price for Deferred Payment Scheme (DPS) is 3% higher than Normal Payment Scheme (NPS)
Loan-To-Value (LTV)
| Loan Tenure | Up to 30 Years | Up to 30 Years | 31 to 35 Years |
| Sum of Tenure & Age of Borrower (at application) | <= 65 Years | > 65 Years | |
| Loan-To-Value (Max. Home Loan) | 75% | 55% | 55% |
| Min. Cash Down Payment | 5% | 10% | 10% |
| Next Payment (Cash or CPF) | 20% | 35% | 35% |