Bank Loans for Condo - Singapore Condominium Mortgage Rates (2025)

Understanding Different Condo Property Types in Singapore

Before choosing your mortgage, it’s crucial to understand the type of condominium property you’re purchasing — as it impacts your loan structure, CPF usage, stamp duties, and long-term property value.

At Ace Mortgage Advisory, we help you tailor your financing based on your condo’s category — ensuring your loan is optimized for the property’s unique features and future investment potential.

Here’s a breakdown of the main types of condo properties in Singapore:

Main Types of Condominium Properties in Singapore

💡 Key Insights for Condo Buyers:

✅ New Launch Buyers:
Plan for progressive payments and manage CPF usage carefully during construction phases.

✅ Resale Buyers:
Prepare for full loan disbursement at completion. Bank valuations can affect loan amounts.

✅ Freehold vs Leasehold:
Freehold condos offer generational ownership security, but leasehold condos can offer better entry prices for strategic investors.

✅ EC Buyers:
Eligibility (citizenship, income ceiling, family nucleus) must be checked before purchase. Post-MOP, ECs can be refinanced like any private condo.

🧠 Important Tips:

• For resale condos, ensure your property valuation is finalized early to avoid surprises.
• For leasehold condos, check the lease balance — properties with <60 years lease left may see tighter loan restrictions and CPF usage caps.
• For new launch condos, buffer for cash flow during construction, especially if selling an existing property.

🟢💬 Speak to Ace Mortgage Experts!

Executive Condominium (EC) Eligibility Criteria in Singapore

If you’re planning to buy an Executive Condominium (EC) — a popular hybrid between public housing and private condominiums — it’s crucial to understand the special eligibility conditions involved.

ECs are more affordable than private condos but come with HDB-style eligibility rules during the initial purchase phase (typically the first 5 years). After 5 years (Minimum Occupation Period, or MOP), they are considered fully private properties with no restrictions.

At Ace Mortgage Advisory, we help you navigate EC eligibility, CPF usage, and financing options to maximize your purchasing power.

Understanding Legal Fees, Valuation Costs, and Subsidies When Refinancing (Guide)

📌 Rules apply at time of booking the EC unit. Always verify current regulations before committing.

💡 Important Notes for EC Buyers:

✅ Loan Source:
You must finance your EC with a bank loan, not an HDB loan. You are subject to Mortgage Servicing Ratio (MSR) limits in addition to Total Debt Servicing Ratio (TDSR) rules.

✅ MSR Limit:
Up to 30% of your gross monthly income can be used to service your EC housing loan.

✅ TDSR Limit:
Total debt obligations (including car loans, personal loans, etc.) must stay within 55% of your gross monthly income.

✅ Minimum Cash Downpayment:
You’ll need to pay 5% cash (not CPF) upfront for the downpayment — plus additional sums using CPF or cash for the remainder of the minimum 25% downpayment.

✅ CPF Usage:
CPF Ordinary Account (OA) funds can be used for downpayment, stamp duties, legal fees, and loan repayments.

🧠 Key Tips from Ace Mortgage Advisory:

• Prepare your IPA (In-Principle Approval) early — EC bookings move fast once showflats open.
• Understand how grants (like CPF Housing Grant) impact your CPF refund obligations later if you sell.
• Plan your exit strategy early — resale ECs after MOP can be very profitable if timed right.
• Bundle a renovation loan if needed — especially for new EC projects with minimal interior work.

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Choosing Between Fixed and Floating Rate Condo Loans in Singapore

When financing a condominium purchase in Singapore, one of the first major decisions you’ll need to make is whether to choose a fixed-rate or a floating-rate home loan.

Both options have distinct advantages depending on your risk appetite, cash flow planning, and expectations of future interest rate movements. At Ace Mortgage Advisory, we help you understand the pros and cons — so you can make the smartest choice for your property goals.

📊 Fixed Rate Condo Loans

💡 Ace Tip:
Fixed packages are especially popular during volatile interest rate periods or for first-time condo buyers who prefer predictability.

🌊 Floating Rate Condo Loans (3M SORA Pegged)

💡 Ace Tip:
Floating rate packages today are more transparent than ever — thanks to SORA’s market-based mechanism approved by MAS. Some borrowers choose floating packages short-term before switching to fixed later (or vice versa).

🔄 Is a Hybrid Loan Possible for Condos?
Yes — some banks (e.g., DBS Two-In-One Home Loan) offer hybrid packages that combine fixed and floating elements within a single loan.
This allows you to hedge part of your loan at a fixed rate while keeping another part flexible — useful for managing risk across different market conditions.

🧠 Ace Mortgage Expert Insights:

✅ Fixed-rate loans are great if you’re highly risk-averse, have a tight budget, or need stable monthly cash flow — especially during the first few years of property ownership.

✅ Floating-rate loans are ideal if you have more financial flexibility, plan to refinance within 2–3 years, or believe that interest rates may moderate.

✅ Hybrid loans suit buyers who want to balance both certainty and flexibility.

🟢💬 Get a Personalized Lock-In Review

🏦 Compare Condo Bank Loan Options Across Major Banks (2025)

Choosing the right condo loan isn’t just about getting the lowest interest rate — it’s about finding the best total package tailored to your property goals, financing needs, and refinancing flexibility.
At Ace Mortgage Advisory, we help you compare across multiple banks — DBS, OCBC, UOB, Maybank, HSBC, Standard Chartered, Citibank — to secure the smartest and most cost-effective loan for your condo purchase or refinancing.

Quick Comparison of Bank Condo Loan Packages (June 2025)

📢 Rates are indicative and subject to change. Final loan offers depend on your loan size, income profile, and property type.

📊 Key Factors to Compare When Choosing a Condo Loan:

• Interest Rate Type:
  Fixed vs Floating vs Hybrid (split between fixed and floating).
• Lock-In Periods:
  2 or 3 years typical; check flexibility for partial prepayment or refinancing early.
• Repricing Options:
  Some banks offer free internal repricing after lock-in; others may charge fees.
• Subsidies & Promotions:
  Legal fee subsidies, valuation subsidies, cash rebates for eco-homes, etc.
• Eligibility Flexibility:
  Some banks are more accommodating for self-employed borrowers or multi-property owners.
• Customer Service Track Record:
  Fast approvals, online tracking, and after-sales support matter for long-term borrowers.

💡 Important Tips for Condo Buyers:

✅ First-Time Condo Buyers: Maximize CPF usage carefully. Understand how CPF Ordinary Account (OA) usage affects future liquidity.

✅ Investors Buying for Rental Yield: Floating packages may offer better entry rates initially — but consider lock-in flexibility for future refinancing.

✅ Upgraders Selling Existing Properties: Plan for bridging loans early to avoid cash flow issues during transition.

✅ High-Value Property Buyers (>$2M): Some private banking divisions may offer preferential rates or tailored terms.

Confused by the Options? Let Ace Mortgage Advisory help you:

• Compare across all major banks in one consultation
• Calculate actual monthly repayments for each package
• Advise on repricing, refinancing, and exit strategies

🟢💬 Request a Bank Loan Comparison

Check Your Condo Loan Eligibility in Singapore

Before applying for a condo loan, it’s crucial to understand your eligibility based on current MAS and bank guidelines. Knowing what banks look for helps you avoid application delays and sets you up for success — whether you’re buying a new condo or refinancing your current one.

At Ace Mortgage Advisory, we guide you through the key eligibility checks used by DBS, OCBC, UOB, HSBC, Maybank, and others — ensuring you’re prepared and confident before securing your home financing.

🏦 Key Loan Eligibility Criteria for Condo Loans in Singapore

📢 Note: Criteria and policies may differ slightly across banks and may change based on MAS updates. Always speak to a mortgage advisor before applying.

💡 Pro Tips to Boost Condo Loan Approval Chances:

✅ Get In-Principle Approval (IPA): Doing this before house hunting speeds up the process and shows sellers you’re financially ready.

✅ Avoid new debt: (e.g., car loan or BNPL schemes) just before applying — it reduces your TDSR headroom.

✅ Use CPF Smartly: Keep $20K in OA and plan for both upfront downpayment and legal fees.

✅ Consider Joint Borrowers: Combining incomes can help meet TDSR limits and qualify for higher loan amounts.

✅ Review Credit Score Early: A poor credit history can delay or deny your application. Fix any discrepancies before applying.

🤝 Let Ace Mortgage Advisory Help You Qualify with Confidence: 

Still unsure if you meet the loan criteria?

• At Ace Mortgage, we simplify the process:
• Check your loan eligibility across multiple banks in one go
• Guide you through TDSR calculations and CPF planning
• Help with IPA submission and paperwork preparation

🟢💬 Book your free consultation today

Ready to Apply for Your Condo Loan? Here’s How to Start

Applying for a condo loan doesn’t have to be stressful — and you don’t need to do it alone. At Ace Mortgage Advisory, we make the process seamless by comparing the best loan packages across top banks and guiding you step-by-step from application to key collection.

Whether you’re a first-time buyer, upgrading your home, or refinancing for better rates, we help you apply with confidence.

How to Apply for a Condo Loan in Singapore

📢 We handle all the paperwork so you don’t have to. No hidden fees. No biased recommendations. Just expert guidance, always in your best interest.

💼 What You’ll Need to Apply:

✅ NRIC or Passport
✅ Latest payslips and CPF contribution history
✅ IRAS Notice of Assessment (last 1–2 years)
✅ Option to Purchase (OTP) — if available
✅ Credit Bureau report (we can help you check)

🎯 Why Apply With Ace Mortgage?

• 100% free consultation
• Get side-by-side loan comparisons instantly
• Save time and money with tailored advice
• Work with a trusted, MAS-compliant mortgage team
• Future-proof your loan with repricing and refinancing tips

Apply for Your Condo Loan Today!
Let us do the heavy lifting — so you can focus on finding your dream home.

🟢💬 Apply Now via WhatsApp

⏱️ Takes less than 2 minutes. No fees, no pressure — just clear, expert help.