How to Check HDB Personal Loan Balance

Checking your HDB (Housing & Development Board) personal loan balance is a crucial task for managing your finances effectively. Here's a comprehensive guide on how to do it, including various methods and tips for tracking your balance.

1. Online via HDB's Website:

• Visit the HDB Official Website: Go to the HDB website (www.hdb.gov.sg).
• Log In to Your Account: Use your SingPass to access your personal account.
• Navigate to the 'My HDBPage': After logging in, go to the 'My HDBPage' section.
• Check Loan Details: Under the 'My Loan' tab, you can view details about your HDB personal loan, including the outstanding balance and repayment schedule.

2. Using the HDB Mobile App:

• Download the HDB App: If you don’t have it already, download the HDB mobile app from your app store.
• Log In: Use your SingPass to log in.
• Access 'My Loan': Go to the 'My Loan' section within the app to check your balance and other loan details.

3. Contacting HDB Customer Service:

• Phone Inquiry: Call HDB Customer Service at 1800-225-5432. Provide your personal details and loan information to get the latest balance.
• Email Inquiry: Send an email to [email protected] with your inquiry and relevant personal information.

4. Visiting HDB Branches:

• Find the Nearest Branch: Locate your nearest HDB branch using the HDB website.
• In-Person Inquiry: Visit the branch with your NRIC and loan details to get assistance in checking your loan balance.

5. Statement of Account:

• Receive Statements: HDB sends regular statements of account to borrowers. Check these statements to monitor your balance.
• Request Statements: If you need a recent statement, you can request one through HDB’s customer service or online portal.

6. Automated Phone Services:

• Dial the Automated Line: Call the automated phone service line provided by HDB.
• Follow the Instructions: Enter your details as instructed to receive information about your loan balance.

7. Understanding Your Loan Balance:

• Principal Balance: This is the amount of the original loan amount that remains unpaid.
• Interest Balance: This reflects the interest that has accrued on your loan.
• Outstanding Amount: The total amount due including principal and interest.

8. Loan Repayment Plan:

• Check Repayment Schedule: Review your repayment schedule to understand how your payments are affecting your balance.
• Early Repayment: If you’re considering early repayment, check for any penalties or benefits.

9. Monitoring Regularly:

• Set Reminders: Regularly monitor your loan balance by setting reminders to check online or review statements.
• Adjust Budget: Use your loan balance information to adjust your budget and financial planning.

10. Troubleshooting Issues:

• Incorrect Information: If you find discrepancies, contact HDB immediately for clarification and correction.
• Technical Issues: Report any issues with online services to HDB for prompt resolution.

By following these steps, you can efficiently manage your HDB personal loan balance and ensure that you stay on top of your financial obligations.