u/Apart_Valuable_4176

I'm looking to get a resale flat since my bto luck has been dismal and am on verge of bursting past the income ceiling. Unfortunately, the flat i chose does not cover me til age 95, resulting in a prorated loan.

Assuming a price of around 400k, I'm faced with this scenario

	HDB	Bank
Loan	65% (prorated)	75%
Grant	40k	40k
CPF	60k	40k (hardcapped)
Cash	40k	20k
Misc fees (Cash)	10k	10k
Leftover balance in OA	0	20k
Interest rate	2.6%	1.7%, 3 yr lock-in

I do understand the value of a HDB loan but in the case of a prorated HDB loan, it wipes out my OA account and require an additional 20k in cash outlay.

If you were in my shoes, would you still pick a HDB loan or is a bank loan worth considering in this scenario?