Housing Loan Singapore

Housing in Singapore is ridiculously expensive, and prices only keep increasing. Of course, we have more affordable HDBs, but although they’re more affordable than private properties, they’re still going to break your bank.

But it’s a basic necessity to have a comfortable home for you and your family to live in. And no one should be denied housing because they cannot afford it.

That’s why here at QV Credit, we have home loans for both future HDB and private property owners to support in getting the perfect home.

What is a Housing / Mortgage Loan?

A housing loan, also known as a mortgage loan, is a loan taken in order to raise funds to purchase a property. The loan tenures are also much longer than other loans since the loan amount taken will be significantly higher. With a home loan:
  • Your property is used as collateral
  • The loan mount granted is based on eligibility
  • The loan is disbursed after the downpayment is made, when you pay the remaining amount to the seller or developer
  • Interest is charged from the first disbursement
There are typically 2 types of home loan rates for a new home purchase / refinancing of a property: 1. Fixed rate loan packages Anywhere from 2-5 year fixed rates, followed by a floating rate after that period ends. 2. Floating rate loan packages There are lock-in and no lock-in options available. Home loan package with lock-in period: *SIBOR or **SORA+ a predetermined interest rate. After the lock in period, there will be a minimum step up rate. Home loan package without lock-in period: Prime rate + a predetermined interest rate *SIBOR: Singapore Interbank Offered Rate **SORA: Compounded Singapore Overnight Rate Average, administered by the Monetary Authority of Singapore

Why Choose QV Credit for a Housing Loan?

We have a very streamlined, easy loan process for those taking out a housing loan. Our home loans have benefits like:

Easy and quick online loan application

It's faster to get a loan with us, compared to getting a bank loan. With a high home loan approval rate, you can count on us to meet your financing needs.

Fast and efficient customer service and a personal loan assistant

We have a mortgage specialist available to answer any concerns you have. So you can have peace of mind, knowing you are in good hands.

Competitive home loan interest rates

Our interest rates are attractive and close to market rates, making us the preferred choice among many home owners.

Apply for a Housing Loan with QV Credit

Get An Instant In-Principle Approval And Collect Your Money On The Spot!

Apply for a Personal Loan with QV Credit

Eligibility and Required Documents for a Home Loan in Singapore


Documents Required:

Personal and Property Information

  • NRIC (for Singaporeans and PR) / Passport (for foreigners) of all applicants
  • HDB Flat & Financial Information
  • Option to Purchase or Sales & Purchase Agreement
  • Value confirmed by HDB (for HDB resale)
  • Valuation report (for Private Property & Executive Condominium)

Income Documents

  • Latest Notice of Assessment or 12 months CPF Contribution History
  • Latest 3 months’ payslips (if you are working for less than 3 months, you may submit your latest payslip and employment contract)
  • Latest loan statements (e.g. credit card, home loan, student loan, renovation loan etc)
  • Latest 3 months’ salary crediting account statements (additional documents required for customers working overseas)

Home Loan Process

We are here to support you get your dream home. That’s why we made our home loan process application process simple!

Apply online with our loan application.
Wait for our financial team to contact you to set a date and time for an appointment, as well as all the relevant documents you will need.
Prepare all the necessary documents and meet our loan assistant at the set date and time in our office.

You will select the loan package and discuss the terms and conditions with our assistant.


They will also work out a comfortable repayment and interest scheme for you. We will not hide any charges and fees, everything will be told to you straight-up. We value integrity at QV Credit.


Upon checking of documents and loan approval, you will accept & sign the loan agreement.


Appoint a panel lawyer for mortgage documentation and sign the mortgage document at the lawyer’s office.


Once documentation from the lawyer is in place, and all terms and conditions are complied with, QV Credit will disburse the loan.

Apply for a Monthly Installment Loan with QV Credit

Get An Instant In-Principle Approval And Collect Your Money On The Spot!


Here are some of our Frequently Asked Questions that we get from most of our clients. Do take some time browsing through and we hope you may find the answers you are looking for!
For HDB Concessionary Loans, the maximum Loan-to-value is 90% of your purchase price. The remaining 10% can be paid through cash, your CPF Ordinary Account (CPF OA), or a combination of both. For bank loans and home loans from moneylenders, the maximum Loan-to-value is 75% of your purchase price. The remaining 20% can be paid through a combination of cash or your CPF OA, but an absolute minimum of 5% must be paid in cash. HDB and the banks will have their own eligibility criteria for prospective borrowers. These include:
  • Minimum monthly income
  • Buyer’s minimum and maximum age
  • Loan quantum
  • Residency status
  • Fulfilment of the Monetary Authority of Singapore’s property loan rules and HDB’s/the bank’s internal credit requirements
For those who’re worried about their HDB loan eligibility or meeting the bank’s requirements, you can rest easy. QV Credit’s got you covered. Speak to our friendly loan officers at +65 6835 7666 for more advice and information on housing loans, pricing packages and interest rates.
Yes, foreigners can take out a housing loan and secure a property in Singapore. If you’re an expat, non-citizen or a foreigner, the maximum amount you can borrow depends on the number of home loans you’ll be taking or already have. New Purchase
  • If this is your first housing loan in Singapore, the financing is up to 80% of the price you paid for the property or property market value, whichever is lower.
  • If you already have an existing residential property loan, the refinancing is up to 100% of your loan outstanding, or 90% of the property market value, whichever is lower.
QV Credit offers a wide range of home loan packages and flexible financing options. Our packages include Fixed Rate package, Floating Rate Package and SIBOR pegged rate package, or up to a combination of 2 of these packages. Please contact us for more interest rate details.
For private properties
  • Applicant(s) should have a minimum income of S$24,000 per annum or a combined income of S$36,000 per annum (Bonuses, commission, overtime and other income sources can be taken into consideration at the banks’ or financial institutions’ discretion).
For HDB property
  • Applicant(s) should have a minimum combined income of S$24,000 per annum (Bonuses, commission, overtime and other income sources can be taken into consideration at the banks’ or financial institutions’ discretion).
For more advice about maximum home loan amount you’re eligible for and the home loan interest rate you’re applicable for, give us a call or submit a no-obligations loan online application.
Before you even agree to a home loan, be it with a bank or moneylender, you should consider your ability to repay the loan. Next, make sure the bank or any lender issues you a property loan fact sheet. It highlights how possible increases in interest rates will affect your monthly instalments, and contains the key features of the loan, including:
  • Loan amount and tenure
  • Total repayment amount
  • Lock-in period
  • Interest rate (Prevailing SIBOR/SORA)
  • Repayment schedule
  • Rate change illustration
  • Effective interest rate
  • Refinancing fees
  • Penalty fees
  • Any applicable waiver or cash rebate

A Bridging Loan helps you to meet your temporary cash flow needs when you own an existing one.

It gives you the added finances to commit to buying a new property even before receiving the proceeds from the sale of your existing property. You can borrow up to 20% of the property purchase price, with a repayment period of up to 6 months, to meet the initial down payment on your new property.

A payday loan is for much shorter term periods, where people make their repayment as a lumpsum within a span of a few weeks.

A monthly loan involves people making a fixed monthly repayment, pegged to a fixed rate of interest, over a much longer period of time.

Yes of course you can still take out a monthly loan with us even if you have bad credit. We don’t discriminate against people with a poor credit history.

If your credit score is weak, you can always approach a QV Credit loan officer for help. We can work out the terms to ensure our loans can fulfill your financial needs and even improve your credit score.

If you are a foreigner looking for a loan, feel free to call our hotline. Our loan officers will be able to help you find the right plan to meet your financial needs.

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