Construction Loan
Build your dream home
Let our financing solutions lay the groundwork, so that you can build your dream home.
benefits
Finance up to 75% of the construction cost
Our Construction Loan covers:
- Professional fees
- All charges relating to construction (including construction materials), landscaping & interior design (including fixtures & fittings)
- Survey fees
- Topographical study
- Development charge
Build on vacant land or redevelop an existing landed property
Obtain financing for construction or redevelopment, ranging from alteration of the existing structure to the demolition and reconstruction of the building.
Converts to an attractive home loan package upon completion
Upon issuance of Temporary Occupation Permit (TOP), convert the facility into a home loan. Usage of CPF funds for repayments are subject to the CPF Board’s consent, as well as to the Bank’s mortgage ranking in priority to CPF Board’s charge.
Competitive interest rate package
Enjoy competitive pricing during the 18-month (or shorter) construction phase.
before you apply
Eligibility requirements
Minimum age
21 years old
Nationality
Singaporeans, Singapore PRs and foreigners (subject to approval by the Land Dealings Unit and Singapore Land Authority)
Additional information
ABS Guide: The Association of Banks in Singapore and MoneySENSE guide, "What You Should Know About Housing Loans - Key Questions to Ask The Bank Taking a Housing Loan" is available and you are encouraged to read it before committing to a residential property loan. Click here for the Guide.
ways to apply
Apply for an OCBC Construction Loan today
or contact us at +65 6363 3333.