Equity Term Loans
Additional borrowing secured on eligible private property, subject to valuation, existing debt, applicable rules and an affordable repayment plan.
Maximum amount
Varies by provider — contact us for an assessment
Indicative rate
Varies by provider — contact us for an assessment
Maximum tenure
Varies by provider — contact us for an assessment
Processing time
Varies by provider
These figures are a guide only. The actual amount, rate, tenure, fees and approval depend on the provider and your situation.
01
What can it be used for?
Purchase, refinancing or cash-out: what changes?
A purchase loan helps pay for a private condominium or landed home. Refinancing replaces an existing loan; repricing changes the package with the same bank. Cash-out is a separate request to borrow against available private-property equity, not a right to withdraw the difference between value and debt. HDB financing follows different rules and should be assessed separately.
02
What does it cost?
Provider interest and charges
Check whether the rate is annual or monthly, flat or reducing-balance, and whether repayments include principal. EIR, where published, is separate from the advertised rate. Allow for processing, upfront, annual, legal, valuation and early-settlement charges where applicable.
Loura service fee
Separate from provider charges; no fee is assumed in the estimate. Your adviser confirms whether a Loura fee applies and its amount before you decide to proceed. All provider charges must be confirmed in the offer.
Down payment, CPF and upfront costs
Budget for the purchase price not covered by the approved loan, including any required cash portion. CPF Ordinary Account savings may support eligible residential purchases and repayments, subject to CPF conditions and usage limits. Allow separately for stamp duties, legal work, valuation and provider charges. Additional Buyer's Stamp Duty may apply depending on your ownership and buyer profile; your solicitor should confirm the amount before commitment.
Repayments and the cost of switching
Compare fixed and floating packages, what happens after any initial period, and repayments if rates rise. A longer tenure can lower monthly instalments but increase total interest. Before switching, check lock-in penalties, notice requirements, subsidy clawbacks and new legal or valuation costs. The calculator assumes a constant customer-entered rate and equal monthly repayments; it excludes fees, CPF movements and rate changes.
Property Cash-Out / Equity Release Calculator
Estimate how much cash you may be able to release from a property you already own.
Property type
Illustrative eligible LTV
Repayment tenure (years)
- Estimated cash potentially released
- S$595,000
- Estimated maximum total financing (70% LTV)
- S$1,400,000
- Existing mortgage deduction
- S$800,000
- Gross equity release before fees
- S$600,000
- Upfront refinancing fees
- S$5,000
- Estimated interest
- S$702,619
- Total scheduled repayment
- S$2,102,619
Estimated monthly repayment on the full S$1,400,000 over 25 years: S$7,009. Gross equity is not the same as cash you can actually receive; lender, use-of-funds and regulatory restrictions may reduce it.
About these LTV figures
The LTV options are illustrative examples, not confirmed limits. For residential property, MAS sets maximum LTV limits that depend on your age, the loan tenure and how many housing loans you already have — the top 75% applies only in the most favourable case (MAS: tenure and LTV limits). Bank loans are capped at 30 years for HDB flats and 35 years for other homes, and total debt repayments are limited to 55% of gross monthly income (TDSR), with a 30% mortgage servicing limit for HDB flats and ECs (MAS: rules for new housing loans).
The highest option is not an amount you can definitely borrow. Actual financing depends on the property, the borrower, any outstanding loan and the provider’s assessment.
Illustrative cash released at 70% LTV (before costs)
| Valuation | Mortgage S$500k | Mortgage S$1m |
|---|---|---|
| S$1,500,000 | S$550,000 | S$50,000 |
| S$2,000,000 | S$900,000 | S$400,000 |
| S$3,000,000 | S$1,600,000 | S$1,100,000 |
Illustrative estimate only, using illustrative example figures (amounts, rates, LTV and fees) — not verified provider offers, a loan offer or approval. Actual rates, fees, LTV, tenure and approval depend on the financing provider and your assessment. Provider, legal, valuation and other fees are excluded unless shown. Any Loura service fee is separate and disclosed before you decide to proceed.
03
Who may qualify?
- Private residential property and remaining lease
- Income, total debt repayments and applicable MAS rules
- Outstanding housing loans and property charges
- Borrower age, tenure and credit history
Valuation, existing loans and affordability
Loan-to-value (LTV) means the loan as a share of the property's value. A provider assesses valuation, purchase price, remaining lease, borrower age, tenure and outstanding housing loans; it may offer less than a regulatory ceiling. TDSR considers your total monthly debt repayments against income, not just this mortgage. Exemptions can apply to some refinancing cases, so a new purchase and a refinance must not be treated identically.
04
Documents
No documents are needed for the initial enquiry.
- Owners' and borrowers' identity records
- Income evidence and existing debt statements
- Property title, option or sale agreement
- Current mortgage statement and offer letter if refinancing
- CPF housing records where applicable
Additional documents may be requested by the financing provider depending on your case.
What to prepare after the first enquiry
For purchase, prepare the option or sale agreement, property details and income records. For refinancing or equity release, add your latest mortgage balance, offer letter, lock-in date and CPF housing usage where applicable. Ownership, existing charges and any required co-owner consent need checking before a provider can assess the request.
05
How it works
- 1Tell us what you need
- 2We look at your situation
- 3We explain the options that may suit you
- 4You decide whether to go ahead
06
Provider options
We only show providers whose information we have checked on their official website. Being listed here does not mean a provider partners with or endorses Loura.
Varies by provider — contact us for an assessment. No verified product offer is currently listed; rates, amounts and terms are not assumed.
Current indicative information. Terms, rates, fees and eligibility may change and are subject to provider assessment.
07
Frequently asked questions
How much down payment will I need?
It is the part of the purchase price not financed, with any required cash portion assessed separately. Applicable home-loan limits, your existing housing loans and eligible CPF usage affect the split. Confirm it before signing a purchase commitment.
Can I refinance while still in a lock-in?
A switch may involve early-redemption penalties or subsidy clawbacks. Compare these with the full cost of the new package and the option of repricing; a lower headline rate does not guarantee savings.
Can I take cash out from my home?
Private-property equity release is subject to provider assessment, valuation, existing charges and applicable rules. It is not automatic, and HDB must be treated separately. CPF usage can also affect what is available.
Does a valuation guarantee the loan amount?
No. The provider also assesses income, existing debt, tenure and relevant regulatory limits. It may approve less than the property's apparent equity.
Do I need documents or a credit check to enquire?
No documents are required for this initial enquiry. If you proceed to a provider assessment, income, property and credit records may be required. An enquiry is not a lender application or approval.
Want to know your options?
Start with a short enquiry. No documents are required initially; approval and final terms are decided by the provider.
Check Your Eligibility