Housing Loan Information

Rules for financial institutions (FIs) on new housing loans, including maximum limits on loan tenure, loan-to-value ratio, mortgage servicing ratio and total debt servicing ratio.

 

 

First Loan

Second Loan

Third Loan

Loan Tenure

Up to 30 years

31-35 years

Up to 30 years

31-35 years

Up to 30 years

31-35 years

Age

Age used to calculate loan tenure, will be based on income-weighted

Up to 65

Up to 70-75Up to 70-75Up to 65Up to 70-75Up to 70-75Up to 65Up to 70-75Up to 70-75
Maximum LTV Limit

75%

55%55%45%25%25%35%15%15%

20% (non-individuals)

Minimum Cash Down-Payment

5%

10%10%25%25%25%25%25%25%
Guarantors / Co-borrowers

All Co-borrowers must be mortgagors.
Guarantors must be co-borrowers if the latter did not pass the TDSR criteria

Mortgage Servicing Ratio

N/A

Total Debt Servicing Ratio

55%

Stress Test Interest Rate

4.75%

w.e.f 6 July 2018

 

References:

1. Rules for New Housing Loans https://www.mas.gov.sg/regulation/explainers/new-housing-loans

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