S$175,000 HDB Loan Repayment Calculator
Monthly instalment and total interest on a S$175,000 HDB concessionary loan.
Result
- Monthly instalment
- S$793.92
- Total interest
- S$63,176.49
- Total repaid
- S$238,176.49
How to use the s$175,000 hdb loan repayment calculator
- Enter the loan amount (S$).
- Enter the interest rate (% a year).
- Enter the loan tenure (years, max 25).
- The results update as you type, or press Calculate.
- Read the monthly instalment first, then the supporting figures below it.
Formula
Monthly instalment = P × r ÷ (1 − (1 + r)^−n), where r is the monthly rate and n the number of months.
Worked example
For example, with these inputs:
- Loan amount (S$): 175,000
- Interest rate (% a year): 2.6
- Loan tenure (years, max 25): 25
the calculator returns:
- Monthly instalment: S$793.92
- Total interest: S$63,176.49
- Total repaid: S$238,176.49
Repayment by tenure at 2.6%
| Tenure | Monthly instalment | Total interest |
|---|---|---|
| 10 years | S$1,657.69 | S$23,923.18 |
| 15 years | S$1,175.14 | S$36,524.66 |
| 20 years | S$935.88 | S$49,610.98 |
| 25 years | S$793.92 | S$63,176.49 |
Background
Singapore's property market is shaped by cooling measures introduced since 2009, including Additional Buyer's Stamp Duty, loan-to-value limits and debt servicing ratios. These rules are adjusted when the market runs hot, so the numbers you see today may differ from what friends paid a few years ago.
The Total Debt Servicing Ratio limits monthly debt repayments to 55% of gross monthly income for any property loan, and the Mortgage Servicing Ratio limits the housing instalment to 30% of income for HDB flats and new executive condominiums. Banks apply a medium-term interest rate in these tests rather than the rate you will actually pay.
Frequently asked questions
How does the s$175,000 hdb loan repayment calculator work?
It applies this formula: Monthly instalment = P × r ÷ (1 − (1 + r)^−n), where r is the monthly rate and n the number of months.
Should I rely on this before signing?
Use it to plan, then confirm the figures with your banker, lawyer or the IRAS stamp duty calculator before you exercise an option to purchase.