Written Answer by Ministry of National Development on average number of appeals received requesting a third HDB loan

Mar 8, 2021

Assoc Prof Jamus Jerome Lim: To ask the Minister for National Development (a) on average, how many appeals are received requesting a third HDB loan; (b) what is the share of these loans against total loans requested; and (c) what proportion of these requests have been the result of children adding their names to their parents’ flats. 


HDB provides up to two housing loans at the concessionary interest rate to eligible Singapore Citizen households, subject to credit assessment and the prevailing mortgage loan criteria.  Beyond this, households who require another housing loan have to seek financing from Financial Institutions regulated by the Monetary Authority of Singapore.

Nevertheless, HDB does exercise flexibility to provide another HDB housing loan for those who have exhausted their financing options, and are in urgent need of housing, on a case-by-case basis. 

In 2020, HDB received about 6,000 appeals for a third HDB housing loan. These appeals formed about 20% of the total number of loan appeals received by HDB. Of the 6,000 appeals for a third HDB housing loan, about 1% had appealed for a loan to include their children as co-owners to help with the servicing of the loan instalments.