Loan Tenure
The maximum loan tenure for housing loans is capped at:

  • 30 years for HDB flats.
  • 35 years for non-HDB properties.

More more information Visit: https://www.mas.gov.sg/regulation/explainers/new-housing-loans/loan-tenure-and-loan-to-value-limits

Mortgage Loan Calculator (TDSR 55%)

🏗️ What is BUC?

BUC, or Building Under Construction, refers to properties that are still in the construction phase and have not yet received their Temporary Occupation Permit (TOP). Buying a BUC unit allows buyers to enter the market early, usually at lower launch prices, and they only need to start servicing the mortgage gradually.

💸 What is the Progressive Payment Scheme?

The Progressive Payment Scheme (PPS) is a payment structure offered for BUC properties in Singapore. Instead of paying the full amount upfront, payments are made progressively based on the construction stages of the development. This makes it easier on the buyer’s cash flow and aligns with the actual progress of the building.

Progressive Payment Scheme for BUC Property

Construction Stage Payment (% of Purchase Price)
Option Fee (Booking) 5%
Exercise of Sale & Purchase Agreement (within 8 weeks) 15%
Foundation Completion 10%
Completion of Reinforced Concrete Framework 10%
Completion of Brick Walls 5%
Completion of Roofing / Ceilings 5%
Completion of Door / Window Frames, Plumbing & Wiring 5%
Completion of Car Park, Roads & Drains 5%
Notice of Temporary Occupation Permit (TOP) 25%
Notice of Legal Completion (CSC) 5%

*Percentages are based on the purchase price and subject to changes depending on developer’s arrangement.

Progressive Payment Calculator

Who Can Qualify for a BUC Loan?

Before securing a BUC (Building Under Construction) loan, banks assess several key factors to determine your ability to repay. Here’s what they’ll look at:

  • 🔹 Stable Income

    Lenders love stability. A regular, verifiable income gives them confidence that you can manage your monthly repayments. Generally, the more you earn, the more you can borrow.

  • 🔹 Employment Status

    Full-time employment is preferred, but self-employed applicants can still qualify—just show consistent income from your business activities.

  • 🔹 Credit Score

    A strong credit score reflects your financial responsibility. It influences both your approval chances and the interest rates offered.

  • 🔹 Age Requirements

    You must be at least 21 years old, and your loan should ideally be paid off before you turn 75.

  • 🔹 Existing Financial Commitments

    Banks consider your current liabilities to ensure you won’t be over-leveraged. For BUC loans, the maximum Loan-to-Value (LTV) ratio is 75%.

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