EC Financing and Payment Scheme
EC Buyers can only get their housing loan from the banks as
HDB does not provide it for EC purchases.
Housing Loan Information
| ≤ 30 Years loan tenure | >30 years loan tenure or extends past age 65 | |
| Maximum Loan Limit | 80% | 60% |
| Minimum Cash Downpayment | 5% | 10% |
Buyer’s Stamp Duty
| Nationality | Buyer’s Stamp Duty | Additional Buyer Stamp Duty(ABSD) |
| Singapore Citizen | 3% – $5400 of Purchase Price | Not Applicable for EC |
| Permanent Residents |
Payment Scheme – Choose either ‘NPS’ or ‘DPS’
Normal Payment Scheme (NPS) aka Progessive Payment Scheme
| Stage | Payment Under a Standard Payment Scheme (% of Purchase Price) |
| Upon the grant of Option to Purchase | 5% (Booking Fee) |
| Upon signing of the Sale & Purchase Agreement or within 8 weeks from the Option date | 15% |
| Completion of foundation work | 10% |
| Completion of reinforced concrete framework of unit | 10% |
| Completion of partition walls of unit | 5% |
| Completion of roofing/ceiling of unit | 5% |
| Completion of door sub-frames/ door frames, window frames, electrical wiring, internal plastering and plumbing of unit | 5% |
| Completion of car park, roads and drains serving the housing project | 5% |
| Notice of Vacant Possession (TOP) | 25% |
| On Completion date | 15% |
Deferred Payment Scheme (DPS)
| Stage | Payment Under a Standard Payment Scheme (% of Purchase Price) |
| Upon the grant of Option to Purchase | 5% (Booking Fee) |
| Upon signing of the Sale & Purchase Agreement or within 8 weeks from the Option date | 15% |
| Notice of Vacant Possession (TOP) | 65% |
| On Completion date | 15% |
EC Payment Line Chart
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