Home Equity Loan | Lendingpot Singapore

Q: What is the minimum you can borrow for a home equity loan?

Most banks in Singapore have a minimum loan amount for home equity or term loans, usually starting from $100,000 or $200,000. However, the exact amount depends on the lender, which is why a home loan comparison in Singapore is useful to find a bank that fits your specific needs.

Q: What are the pitfalls of a home equity loan?

The biggest risk is that your home is used as security; if you cannot keep up with payments, the bank could take the property. Also, regulatory rules like TDSR can make it hard to qualify if your income is variable. Finally, remember that cashing out reduces the profit you will get when you eventually sell the house because you must pay off the loan first.

Q: How much would a $50,000 home equity loan cost a month?

If you take a $50,000 loan with an interest rate of around 3.5% over 20 years, your monthly payment would be roughly $290. Using our home loan comparison in Singapore can help you find even lower rates to reduce this monthly cost.

Q: What is a home equity loan in Singapore?

It is a type of loan that allows private property owners to borrow money by using the value of their home as a guarantee. Because the loan is backed by your house, the interest rates are usually much lower than those of personal loans or credit cards.

Why Use Lendingpot For Your Home Equity Loan

Multiple Lenders Compete For Your Request

We broadcast your request to multiple lenders simultaneously. They know you are looking for the best deal, so they lower their rates to win your business.

Clear Home Loan Comparison In Singapore

We provide a report that breaks down every package, including lock-ins, subsidies, and legal fees, so you can see the true costs of a Singapore home equity loan.

Maximise Your Borrowing Power

We help you navigate the 75% Loan-to-Value (LTV) limits and find lenders that offer more flexible income recognition for business owners.

Receive 0.05% Cashback*

Successfully secure your home loan through Lendingpot and enjoy 0.05% cashback on your approved loan amount.*

Check Home Loan Eligibility

Do I Qualify For A Home Equity Loan?

Check Home Equity Loan Eligibility

To obtain a home equity loan in Singapore, you are expected to satisfy the following requirements:

You own a private residential property

You have sufficient available equity in the property

You meet the lender’s income and credit requirements

Your total borrowing remains within the applicable LTV Limit

You meet the TDSR requirement, unless an exemption applies

Executive Condominium owners may be considered after the applicable occupation and ownership restrictions have been fulfilled, subject to lender assessment

Not eligible:

HDB flats

Properties with insufficient available equity

Applicants who cannot meet the lender’s credit or repayment requirements

How Much Can I Borrow Against My Property?

Property Value and Outstanding Loan

The lender will consider the current valuation of your property and any outstanding housing loan.

Loan-to-Value Limit

The total amount secured against the property must remain within the applicable LTV limit. CPF monies used for the property may also be taken into account when determining how much additional equity can be withdrawn. MAS confirmed in 2026 that outstanding property loans, the equity withdrawal amount and relevant CPF monies are considered when applying the LTV rules.

Total Debt Servicing Ratio (TDSR)

Your total monthly debt repayments generally cannot exceed 55% of your gross monthly income.

Credit Assessment

The final amount and interest rate will also depend on your income, age, credit history, property type and the lender’s internal assessment.

TDSR exemption: The TDSR framework generally does not apply to a mortgage equity withdrawal loan where the total LTV does not exceed 50%, although lenders will still conduct their own affordability and credit assessments.

Example: How Much Can You Potentially Borrow?

Items

Amount

Current Property Value

$1,500,000

Maximum Financing (75% LTV)

$1,125,000

Less: Outstanding Housing Loan

($500,000)

Estimated Maximum Cash-Out

Up to $625,000*

*The final amount may be lower after taking into account CPF funds used for the property, your income, credit profile and the lender’s assessment.

What Costs Should I Expect?

While home equity loans generally offer lower interest rates than unsecured loans, there are additional costs to consider. Understanding the total cost upfront can help you decide whether a home equity loan is the right financing option.

Interest Charges

You'll pay interest on the amount you borrow. The interest rate depends on the lender, your financial profile and whether you choose a fixed or floating rate package.

Legal & Valuation Fees

A lawyer will need to prepare the legal documents, and the lender may require an independent valuation of your property. Depending on the lender and property, these costs can amount to several thousand dollars. Always request a full fee breakdown before accepting a loan offer.

Processing & Administrative Fees

Some lenders may charge application, processing or administrative fees when your loan is approved. These vary by lender and should be factored into your overall borrowing cost.

Early Repayment Fees

If you repay or refinance your home equity loan during the lock-in period, early repayment or cancellation charges may apply. Check the terms carefully before committing.

CPF Considerations

If you previously used CPF savings to finance your property, this may affect how much equity you can withdraw. In addition, CPF savings generally cannot be used to service a home equity loan, so you should ensure you are able to make the monthly repayments using your own cash flow.

Tax Considerations

If the loan is secured against an investment property and the borrowed funds are used to generate taxable rental income, certain financing expenses may be tax deductible under IRAS rules. As every situation is different, you should consult a qualified tax adviser before relying on any potential tax benefits.

Is It Worth Taking a Home Equity Loan?

Whether a home equity loan makes sense depends on how much you intend to borrow and what you plan to use the funds for. For larger loan amounts, the lower interest rate can often outweigh the one-off legal and valuation costs. However, if you only need a relatively small amount, these upfront costs may reduce the overall benefit.

Pros

Cons

Potentially lower interest than unsecured borrowing

Your property is used as security

Access to a larger loan amount

Legal, valuation and administrative fees apply

Flexible use of funds

Increases your monthly financial commitments

Longer repayment tenure may be available

Interest rates may change if the loan is floating

Can help consolidate higher-cost debt

Using the funds for investments can result in losses

Failure to repay may result in enforcement against the property

Our mortgage specialists can help you compare the total cost across multiple lenders so you can determine whether a home equity loan is the most suitable financing option for your needs.

How Our Home Equity Loan Works

Message Us On WhatsApp

First, start by indicating your home loan needs, whether it's a new purchase or a refinance.

Get Personalised Rates

Our friendly agent will connect with you to understand your needs and share home loan options and rates, especially for you!

Choose Your Best Option

When you're ready to proceed, your contact details will be securely sent to the chosen bank, ensuring a seamless transition from inquiry to application.

Secure Your Mortgage

After accepting your preferred offer, our mortgage specialist will guide you through the application, documentation, and completion process until your loan is successfully disbursed.

Receive Your Cashback

Once your eligibility has been verified, the 0.05% cashback* will be credited according to the promotion fulfilment timeline.

Check Home Equity Loan Eligibility

Phone showing a Lendingpot cashback confirmation

Terms & Conditions

Receive 0.05% cashback on eligible mortgage loans, mortgage refinancing or equity term loans arranged through Lendingpot with participating banks. The loan amount must exceed S$500,000, and cashback is capped at S$5,000.
The promotion is available to Singapore residents who submit their enquiry through Lendingpot, successfully obtain final and unconditional approval, complete the loan through an eligible partner bank and submit a Google Review of their experience.
Cashback will be credited to the eligible customer’s bank account within 90 days after the campaign ends, subject to verification and submission of the required loan and bank account details.
Participating banks include DBS, Standard Chartered, UOB, OCBC, CIMB, RHB, Maybank and HSBC.
The promotion cannot be combined with other offers. Credit criteria, fees, charges, eligibility requirements and exclusions apply.
Loans arranged outside Lendingpot are not eligible, and Lendingpot reserves the right to amend or withdraw the promotion.

Honest Advice With No Hidden Surprises

We have created a simple and risk-free way for you to unlock the cash tied up in your property without the usual bank headaches or complex paperwork.

Couple comparing home loan packages on a laptop

Access Multiple Lenders at Once

We send your request to our entire network of major banks and lenders. This makes them compete to offer you the lowest interest rates on a home equity loan in Singapore, ensuring you get the most value from your property.

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Mortgage specialist explaining fixed and floating rates

Simple and Honest Advice

Our platform breaks everything down into clear, simple numbers so you can see exactly how much cash you can unlock and which offer is the cheapest.

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Lendingpot specialist supporting a home loan application

Help for Your Specific Goals

Whether you need to fund a child’s education, consolidate high-interest debt, or grow your business, we can find a home equity loan in Singapore that matches your financial goals and repayment ability.

Talk to our team ›

Frequently Asked Questions About Home Equity Loans In Singapore

Have a different question? View all FAQs here

What is the minimum you can borrow for a home equity loan?

What are the pitfalls of a home equity loan?

How much would a $50,000 home equity loan cost a month?

What is a home equity loan in Singapore?

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Best Home Equity Loan In Singapore: Compare Rates From Multiple Lenders Today

Enjoy 0.05% Cashback* on Your Home Equity Loan

What is a Home Equity Loan

Why Use Lendingpot For Your Home Equity Loan

Do I Qualify For A Home Equity Loan?

How Much Can I Borrow Against My Property?

Property Value and Outstanding Loan

Loan-to-Value Limit

Total Debt Servicing Ratio (TDSR)

Credit Assessment

Example: How Much Can You Potentially Borrow?

What Costs Should I Expect?

Interest Charges

Legal & Valuation Fees

Processing & Administrative Fees

Early Repayment Fees

CPF Considerations

Tax Considerations

Is It Worth Taking a Home Equity Loan?

Loan Amount (SGD)

Loan Tenure (years)

Interest Rate (% per annum)

Calculate Your Monthly Loan Repayments

How Our Home Equity Loan Works

Hear from our happy customers

Honest Advice With No Hidden Surprises

Access Multiple Lenders at Once

Simple and Honest Advice

Help for Your Specific Goals

Evaluate Your Financing Options Today

Frequently Asked Questions About Home Equity Loans In Singapore

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