What loan options are available for buying an HDB flat?

You can either apply for a concessionary loan from HDB or obtain a bank loan from a financial institution. HDB loans typically have an interest rate fixed at 0.1% above the CPF rate (currently 2.6%) and a smaller downpayment requirement. Bank loans have variable interest rates, require a higher downpayment, and do not impose any income ceiling. Both options may require you to secure either an HDB Loan Eligibility (HLE) Letter from HDB or a Letter of Offer from a bank.