This calculator is designed to calculate the potential savings when switching from a HDB to Bank loan (assuming bank loan has lower interest rates). Please read the ‘Disclaimers’ by clicking on the green button before proceeding.

Instructions

All cells in grey are input fields. All other cells are auto-populated.

Step 1: Key in your loan amount

Step 2: Key in loan tenure (number of years)

Step 3: Under bank loan section, key in bank interest rates (E.g if bank loan is fixed at 1.5% for first 3 years, select 3 from drop down list under year and enter 1.5% as interest rate. For remaining loan term, enter interest rate accordingly)

Step 4: Click on Summary Tab (bottom) to review results

Step 5: Click on Chart Tab (bottom) for graphical output

For Mobile App version (additional tab showing breakdown by year), click here.

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