Amortisation Table · New Launch
The instalment that climbs as your launch is built
A new-launch loan draws down by construction stage, so your monthly payment ramps up to its peak — then amortises down. The full schedule, stage by stage and month by month.
The purchase
Planning the cash side too?
The New Launch Payment Plan maps each stage's cash, CPF and loan split with the timeline dates.
Open the payment planHow the schedule is computed
The Progressive Payment Scheme fixes the stage percentages under the Housing Developers Rules: 5% on booking, 15% on exercising the S&P, then 10% at foundation, 10% at reinforced concrete, 5% each for partition walls, ceiling, doors/windows/wiring and car park/roads/drains, 25% at TOP and the final 15% at CSC. Your downpayment (price minus loan, with the 5% booking always in cash) is consumed first; the bank then disburses the loan against the later stages.
Interest accrues only on the drawn balance with monthly rests. At each drawdown the new balance is re-amortised over the remaining tenure so the loan still clears at maturity — which is what makes the instalment step up stage by stage and peak once it is fully drawn. From there it behaves like a normal reducing-balance loan. For the cash, CPF and timeline side of the same purchase, use the New Launch Payment Plan; for the lump-sum resale equivalent, see the resale amortisation table.
Stage timings are industry-typical estimates from OTP — actual dates depend on construction progress, so treat the months from OTP as indicative. The repayment maths (drawn balance, interest, principal, peak instalment) does not depend on the exact dates.
Frequently asked questions
- How is a new launch loan different from a resale loan?
- A resale loan disburses in full on completion, so you pay one level instalment from day one. A new launch (Building Under Construction) is funded under the Progressive Payment Scheme: you pay 5% on booking and 15% on exercising the S&P, then the price is called in stages as the building goes up. Your own funds (the downpayment) are used first; once they run out the bank disburses the loan stage by stage — so interest is charged only on the amount drawn, and the monthly instalment ramps up to its peak around TOP/CSC.
- Why does the monthly instalment increase during construction?
- Because the bank only charges interest on what it has actually disbursed. Early on little or nothing is drawn, so the payment is small; each construction stage adds to the outstanding balance and the bank re-amortises it over the remaining tenure, stepping the instalment up. By the time the loan is fully drawn (around the 25% TOP and 15% CSC stages) you are paying the full, peak instalment — which then amortises down like any normal loan.
- How much interest do I pay while the project is still being built?
- Far less than on a comparable resale loan, because the balance builds up gradually rather than starting at the full amount. The schedule isolates this as "interest while building" — the interest accrued from your first disbursement through the final CSC stage. This lower carrying cost during construction is one of the main cash-flow attractions of buying a new launch.
- When does the loan tenure clock start?
- From the first disbursement, not from the date you book the unit. The maturity date is fixed at that point, so each later drawdown is amortised over the remaining tenure to still finish on time — which is exactly why the instalment ramps up. This schedule counts its months from first disbursement for the same reason.
Disclaimer
The tools on this page provide estimates for general reference only and do not constitute financial, legal, tax, or investment advice. Calculations are based on prevailing MAS, IRAS, HDB, and CPF rules and rates at the time of publication, which may change without notice. Actual figures — including loan eligibility, interest rates, stamp duties, and CPF usage — depend on your specific circumstances and the final assessment of banks, IRAS, and other relevant authorities. TRIBE makes no warranty as to the accuracy or completeness of any output and accepts no liability for decisions made in reliance on these tools. Please verify all figures with the relevant institutions or a qualified professional before committing to any transaction.