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Get lifelong monthly income with DBS Home Equity Income Loan

Unlock the value of your home to supplement your retirement income through CPF LIFE, with no monthly loan repayments required.
Unlock lifelong monthly payouts through CPF LIFE by leveraging your home equity.
Enjoy zero monthly repayments with both your loan principal and accrued interest payable only at maturity.
Get the certainty of a fixed interest rate of 3.88% p.a. throughout the loan period.
Get lifelong monthly income with DBS Home Equity Income Loan
Get lifelong monthly income with DBS Home Equity Income Loan
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Overview
Overview
Benefits
How it works
Eligibility
FAQ

How DBS Home Equity Income Loan works for you

Unlock the equity value of your home to support your retirement income through CPF LIFE.
Lifelong payouts
Receive guaranteed monthly payouts for as long as you live through CPF LIFE. By taking out the DBS Home Equity Income Loan, your CPF Retirement Account will be topped up to fund your retirement.
No monthly repayments
No monthly instalments are required. The loan and accrued interest are payable only at maturity, redemption, or property sale.
Continue living in your home
Stay in your home while using its value to support your retirement income.

Ready to apply for the DBS Home Equity Income Loan?

Step by step guide to getting your loan.
Assess the equity value of your homeBased on the latest valuation of your private property.
Determine the loan amount needed to achieve your desired CPF LIFE payoutEstimate your monthly expenses, CPF LIFE payouts and determine how much you need to top up your CPF Retirement Account.
Top up your CPF Retirement Account with DBS Home Equity Income LoanThe loan is disbursed directly into your CPF Retirement Account to increase CPF LIFE payouts.
Receive lifelong monthly payoutsReceive monthly payouts from CPF LIFE for as long as you live.
Repay laterNo repayment are required during the loan. The loan and accrued interest are repaid at maturity, upon property sale, or early redemption.

Who is the Home Equity Income Loan for?

Increase your CPF LIFE monthly payouts for your retirement needs with DBS.
Aged 65 to 79
You are a Singapore Citizen or Permanent Resident aged 65 to 79.
Own a fully paid private property
You own and are staying in a private residential property in Singapore that is fully paid up.
Need additional retirement income
You are on CPF LIFE Standard or Escalating Plan and want to increase your CPF LIFE monthly payouts to supplement your retirement needs.

Eligibility Requirements

Nationality

Singapore Citizen or PR (foreigner allowed as joint borrower with SC/PR)

Age

65 to 79 years old

Property Type

Private residential property

Property Ownership

Must be owner-occupied and not own any other local or overseas properties. If your spouse is also the owner of the house, he/she will need to be one of the borrowers of the Home Equity Income Loan.

Property Status

Property must be fully paid with no outstanding loan

Loan Tenure

  • Up to 30 years, or until the youngest borrower turns 95 (whichever is earlier)
  • For leased properties: remaining lease at the end of the loan must be at least 30 years

CPF LIFE

  • Must be eligible for CPF LIFE
  • Must be on (or switch to) Standard or Escalating Plan (Basic Plan not applicable)
  • Any outstanding CPF charges on the property must be cleared (we will assist as part of the application)
  • Loan amount should be sufficient to increase CPF LIFE premium
  • Monthly CPF LIFE payouts must be credited to a DBS/POSB account

Lasting Power of Attorney

Must have a Lasting Power of Attorney (LPA). Learn more about why LPA is important here.

Frequently Asked Questions

General QuestionsRepaymentPropertyCPF Payouts