Check Your HDB Housing Loan Balance in Singapore: Never Miss a Payment Again!

If you are a homeowner in Singapore, you likely have a Housing and Development Board (HDB) housing loan. It’s important to keep track of your loan balance to stay on top of your finances. Fortunately, checking your HDB housing loan balance in Singapore is a straightforward process.

A computer screen displaying the HDB housing loan balance in Singapore

Understanding your HDB housing loan is the first step to managing it effectively. Your loan balance is the amount of money you still owe on your loan. This amount can change over time as you make payments and interest accrues. Checking your loan balance regularly can help you stay informed about your financial situation and plan for the future.

Accessing your loan information online is the easiest way to check your HDB housing loan balance in Singapore. You can log in to My HDBPage using your Singpass to view your current and past statements. If you need past statements that are not available online, you can submit a request through the HDB website. With this information at your fingertips, you can manage your loan transactions, explore repayment options, and stay on top of your financial goals.

Key Takeaways

  • Understanding your HDB housing loan is essential to managing it effectively.
  • Checking your loan balance regularly can help you stay informed about your financial situation.
  • Accessing your loan information online is the easiest way to check your HDB housing loan balance in Singapore.

Understanding Your HDB Housing Loan

A person sitting at a desk, looking at a computer screen with the HDB Housing Loan website open, while holding a pen and paper to take notes

If you are a homeowner in Singapore, you may have taken out an HDB housing loan to finance your property purchase. Understanding how your loan works is essential to help you manage your finances effectively. In this section, we will explain the basics of an HDB housing loan, including the loan quantum and interest rate.

Overview of HDB Loan

An HDB housing loan is a type of loan provided by the Housing & Development Board (HDB) to help Singaporeans and Permanent Residents (PRs) finance the purchase of their first HDB flat. The loan is available for both new and resale flats.

One of the main benefits of taking out an HDB housing loan is the concessionary interest rate. This means that the interest rate charged on your loan is lower than the market rate. As of 2024, the interest rate for an HDB housing loan is 2.6% per annum.

Loan Quantum and Interest Rate

The loan quantum refers to the maximum amount of loan that you can take out from HDB. The loan quantum is determined based on the purchase price or value of the property, whichever is lower. The loan quantum for an HDB housing loan can be up to 90% of the purchase price or value of the property, whichever is lower.

The loan amount that you take out will accrue interest over time. The interest rate for your HDB housing loan is fixed for the duration of the loan. You can make monthly repayments to pay off the loan and the interest charged.

To check your outstanding housing loan balance, you can log in to the MyHDB portal’s Statement of Account page using your Singpass. You can view your current and past years’ statements and request for any past statements that are not available.

In summary, an HDB housing loan is a great way to finance your first HDB flat purchase. Understanding the loan quantum and interest rate can help you manage your finances effectively. If you want to check your outstanding loan balance, you can do so easily through the MyHDB portal.

Accessing Loan Information Online

A computer screen displaying a webpage with the title "HDB Housing Loan Balance Singapore" and a list of loan information

If you have an HDB housing loan, you can easily access your loan information online through various e-services provided by the Housing and Development Board. Here are some ways to access your loan information online:

Using My HDBPage with SingPass

My HDBPage is an online portal that allows you to view your HDB housing loan transactions and loan balance for the previous year. You can also view your current and past years’ statements using your SingPass. To access My HDBPage with SingPass, follow these steps:

  1. Go to the My HDBPage website.
  2. Log in using your SingPass.
  3. Click on the “My HDBPage” tab.
  4. Under “My Flat”, click on “HDB Housing Loan”.
  5. You will be able to view your loan information.

Another way to access your loan information is through the “My Flat” e-service on the HDB website. Here’s how to navigate to the e-service:

  1. Go to the HDB website.
  2. Click on the “E-Services” tab.
  3. Under “My Flat”, click on “HDB Housing Loan”.
  4. Log in using your SingPass.
  5. You will be able to view your loan information.

Both of these e-services provide a convenient way to access your HDB housing loan information online. By using these services, you can stay on top of your loan transactions and balance, and ensure that you are up to date with your payments.

Managing Loan Transactions

A person sitting at a desk, using a computer to check the balance of a housing loan in Singapore

Managing your HDB housing loan transactions is an important part of staying on top of your finances. Here are some tips to help you manage your transactions effectively.

Checking Past Statements and Transactions

To check your past statements and transactions, you can view your current and past years’ statements via My HDBPage using your Singpass. For past statements that are not available, you can submit your request online. This will give you an overview of your total disbursements, total interest charged, total monthly repayment, and total capital repayments.