EC Executive Condo Financing Complete: Bank Rate Comparison Guide
Executive Condo (EC) buyers in Singapore can secure bank loans up to 75% of the property value at rates from 1.30% to 2.30% p.a. in 2025, with a minimum 25% downpayment (5% cash).[1][4]
This EC financing guide from Homejourney compares top banks like DBS, OCBC, and UOB, helping you find the best executive condo loan for your budget. As part of our comprehensive EC pillar content, it provides tactical steps for buy EC Singapore confidently in a trusted environment.
EC Loan Eligibility and Key Rules
EC financing requires household income below $16,000 monthly and family nucleus eligibility.[1] Banks assess via Total Debt Servicing Ratio (TDSR) at 55% and Mortgage Servicing Ratio (MSR) at 30% for new ECs under MOP.
Maximum Loan-to-Value (LTV) is 75% for first loans, with 25% downpayment: 5% cash, 20% CPF/cash.[1][3] For a $1.3M EC, expect ~$4,750 monthly at 3.25% over 25 years, needing ~$15,834 salary.[1]
Actionable Step: Use Homejourney's mortgage eligibility calculator to check your EC loan eligibility instantly with Singpass.
2025 EC Mortgage Rates: Bank Comparison Table
Current rates (Dec 2025) favor floating SORA-linked loans amid stable rates post-Fed cuts.[4] Fixed rates start at 1.30%, floating from 1M SORA + 0.25% (~1.43%).[4]
| Bank | Best Fixed Rate | Best Floating (SORA) | Lock-in | Cashback |
|---|---|---|---|---|
| DBS | 1.30% p.a. | 1M SORA + 0.50% | 2-3 yrs | Up to $2,800 |
| OCBC | 1.55% p.a. | 3M SORA + 0.40% | 2 yrs | $2,000+ |
| UOB | 1.60% p.a. | 3M SORA + 0.45% | 2-3 yrs | $2,500 |
| HSBC | 1.70% p.a. | 1M SORA + 0.60% | 3 yrs | $1,800 |
| Standard Chartered | 1.65% p.a. | 6M SORA + 0.50% | 2 yrs | $2,000 |
Rates for loans >$1M; subject to credit approval. Compare all 11 banks live on Homejourney bank rates.[4][5]
DBS Bank: Market Leader for EC Loans
DBS offers competitive fixed rates from 1.30% thanks to its SGD funding strength.[4] Ideal for EC buyers seeking stability; pros include fast Singpass approvals, cons are higher penalties post-lock-in.
Best for families in Tampines Street 95 EC; apply via Homejourney for multi-bank quotes.
OCBC and UOB: Strong SORA Options
OCBC's 3M SORA +0.40% suits variable rate fans; UOB excels in cashback up to $2,800 for $1.5M+ loans.[4] Both have solid online portals for EC mortgage tracking.
Track real-time SORA on Homejourney to time your executive condo loan.
How to Choose the Best EC Financing Package
- Get IPA First: Secure In-Principle Approval before booking; covers 75% LTV even with existing loans.[3]
- Compare Rates: Use Homejourney's tool for DBS vs OCBC vs others – one click shows effective rates.
- Factor Fees: Lock-in penalties (1-1.5% of loan), legal fees ~$2-3K.
- Refinance Later: After 10-year privatisation, switch freely; Homejourney simplifies this.
- Apply Multi-Bank: Submit once via Homejourney, let DBS, HSBC compete for your business with Singpass auto-fill.
For new ECs like 2025 launches at $1,300-1,700 psf, opt for Deferred Payment Scheme (DPS) to ease cash flow.[1][2]
Step-by-Step EC Loan Application via Homejourney
1. Calculate affordability on our calculator.
2. Compare rates across DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong, Citibank.
3. Apply with Singpass – auto-fills docs, receives offers from all in days.
4. Search ECs in budget via Homejourney property search.
Homejourney verifies rates daily, prioritizing your safety with transparent comparisons. Disclaimer: Rates change; consult professionals. Not financial advice.
Pros, Cons, and Insider Tips for EC Buyers
- Pros: 20-30% cheaper than condos ($1,500-1,700 psf vs $2,000+).[1][2]
- Cons: No HDB loans, MSR limits borrowing.[1]
- Tip: For resale ECs over 5-year MOP, no grants but quicker move-in; check projects directory for data.
- Local Insight: OCR ECs like Tampines yield lower TDSR stress; pair with aircon services post-move.
Read our full Homejourney EC Financing Guide 2026 for pillar coverage.
Frequently Asked Questions (FAQ)
What is the minimum downpayment for EC financing?
25% of purchase price, with 5% in cash.[1][3]
Can I get 75% LTV if I have an existing loan?
Yes, for ECs unlike private properties.[3]
Best bank for first-time EC buyers?
DBS for fixed rates; compare on Homejourney.[4]
Are EC rates fixed or floating?
Both available; SORA floating now ~1.43% effective.[4]
How to improve EC loan approval?
Check EC Financing: Improve Approval; use Homejourney calculator.
Secure your EC Executive Condo Financing Complete: Bank Rate Comparison Guide advantage with Homejourney. Compare rates now, calculate eligibility, and apply safely – trusted by Singapore buyers for transparent decisions. WhatsApp our experts for personalized help.
