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I would like to inquire about the possibility of obtaining a second loan from the HDB under specific circumstances. I currently own a flat with outstanding arrears and intend to sell it to purchase a new property. The cost of the prospective new flat exceeds my CPF balance and 100% of cash proceeds from the sale of my existing flat. I am prepared to utilize the entirety of the cash proceeds from the sale of my current flat towards the purchase of the new property. Could you please advise if I would still be eligible for a second HDB loan in this scenario?
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8 Answers

Hi, appreciate your sharing over PropertyGuru,
able to write into HDB feedback to check out the issue and seek help from HDB officer to assist you.

Looking forward to assist you at WhatsApp +65 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart
PropNex Senior Associate Division Director Read More
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Feel free to drop me a whatsapp message and I can help you with it.

Financial planning for the home is part of the home buying journey that I support many clients on :)

My whatsapp and email details are below, look forward to hearing from you!

Kay Cloud
The Harvard Educated Agent
Propnex Realty Pte Ltd
cloud@propnex.com
Tel: (+6.5.) 8.5.6.7.4.5.8.5
Whatsapp -> https://wa.me/6585674585 Read More
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Hi Sir/Mdm,

Getting a 2nd HDB loan is possible but since you have outstanding arrears. For your case, I would suggest that you submit an appeal to HDB and seek their approval before moving forward with your plan.

Please contact me so that I can understand your situation better so that I can assist you in the appeal process.

Regards,
Nick Tan
(M) +65 96 44 48 54
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

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Testimonial from my Clients

I would like to express my sincere appreciation for the excellent work you have done in managing both the sale and purchase of my condominium.
Throughout the entire process, you demonstrated strong market knowledge, professionalism and attention to detail. Your clear guidance at each stage — from pricing strategy and marketing, to viewings, negotiations and completion — gave me confidence and made what could have been a stressful experience very smooth and well managed. I am especially grateful for the way you coordinated the timelines between the sale and the new purchase, ensuring everything proceeded seamlessly. Your responsiveness and willingness to address my questions promptly were greatly appreciated. Thank you once again for your dedication and support. I am very pleased with the outcome and would be glad to recommend your services to others seeking a reliable and professional housing agent.
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2
Hi

Getting a 2nd HDB loan is possible but since you are under arrears for your current HDB loan, I will suggest to appeal to see if any challenges to qualify for the 2nd HDB loan before making any next move. I can assist on that if I can have more information.

I assume your household income also does not exceed 14k per month to be eligible.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 home-owners to smoothly complete their housing plans over the years. Please reach out to me at (65) 9 7 4 3 2 3 9 5 for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

Warm Regards,

Ivan Ng
ERA Senior Marketing Director
ERA Multiple Diamond Achiever

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We would like to thank you for ensuring a smooth and well-explained process throughout the whole selling and buying of our property. We got to know you thru Property Guru, where we are scouting for condo around West area. We remember that we are quite tight in our budget in purchasing the condo unit,but you are still very willingly explaining and calculating our financial liabilities. You are always having your smiles whenever we met for discussion.

We appreciated your process of selling and buying of our property are very systematically and well executed, from financial calculation to the purchase procedure of our new house. We are always being updated thru our group chat during the engagement of your service.

We would never expect such a smooth sailing experience of selling and buying of property. Your professionalism in work will definitely be remembered and rewarded. All the best in your property venture! Read More
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Good day to you.

In general, financial institutions evaluate a borrower's creditworthiness, income level, and age to ensure that the Mortgage Servicing Ratio (MSR) or Total Debt Servicing Ratio (TDSR) requirements are met. If there are any arrears, they could negatively affect your credit rating. Consequently, even if your mortgage loan gets approved, it may be offered at a reduced amount. It would be wise to reach out directly to HDB to discuss the specifics and work through any concerns with them.

Navigating a property transaction can feel overwhelming, especially when it intersects with major life events.
With over 15 years of experience as a property consultant, my role goes beyond market knowledge — it is to provide clarity, structure, and peace of mind through complex decisions.

I regularly assist clients with sensitive and non-standard situations, including:
• Divorce & Asset Settlement — guiding parties toward fair, practical outcomes for shared properties
• Intestate & Estate Planning — helping families navigate inherited property and future planning with confidence
• Complex Property Matters — including cases involving Lasting Power of Attorney, bankruptcy, or special circumstances

If you’re seeking clarity rather than pressure, I’m happy to have a conversation to understand your situation and outline possible next steps.

Mike Lim
CEA Reg No: R026708F | ERA
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Hi,

1) The HDB will only look at whether you have utilized 2nd HDB loan in your lifetime when applying for it.
2) Every citizen is given 2 chances to apply for an HDB loan.
3) Therefore, as long as you only enjoyed HDB loan once, you will not need to worry about getting it.
4) The only disadvantage of getting a 2nd HDB loan is the HDB require applicant to pay at least 50% cash proceed from the sale of their subsidized flat.
5) Since you are prepared to pour in the whole cash portion from the sale. There is no specific concern anymore.

All The Best!!!

Hope the above answers your main concerns, but if there are more queries, please feel free to contact me at 9011*0636 or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
9011 * 0636
ling.ck7@gmail.com
https://www.linkedin.com/in/ckling/
https://agents.huttonsgroup.com/R056727F/ Read More
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✔1 You may want to check directly with HDB, as they can confirm how your specific situation will be assessed.

✔2 Banks usually look at your income, age, existing debts and credit record when determining loan eligibility under MSR and TDSR rules.

✔3 Any outstanding arrears may affect your credit profile and could result in a lower approved loan amount.

“Wise men learn more from their failures than from their successes.” — John Dewey

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