TDSR & financing your Singapore property purchase
How much you can borrow in Singapore — the 55% TDSR rule, the 30% MSR for HDB/EC, the 4% stress rate, and LTV limits — and how to size a realistic loan.
Two limits decide your loan, and both are stress-tested — so the number that matters is not today's promo rate.
TDSR and MSR
TDSR caps *all* your monthly debt (home loan + car + other) at 55% of gross monthly income. For HDB flats and Executive Condos, MSR additionally caps the housing loan alone at 30% of income; the lower limit binds. Both are computed at the MAS 4% medium-term stress rate. Run yours in Buying Power.
Loan-to-Value (LTV)
A first bank loan is capped at 75% of price (minimum 5% cash); a second at 45%, a third at 35%. The 75% drops to 55% if the loan tenure runs beyond 30 years or past age 65. Full detail and a max-loan calculator are in the Rules & Costs centre.
Fixed vs floating
Fixed gives certainty at a small premium; floating (usually SORA-linked) is often cheaper today with a shorter lock-in. A broker models both against your actual loan — compare packages free on the mortgage page.
The rule of thumb: qualify at 4%, budget at today's rate. If a purchase only works at the promo rate, it doesn't work.
FAQ
What is the TDSR limit in Singapore?
Total Debt Servicing Ratio caps all your monthly debt obligations at 55% of gross monthly income. It's assessed at a 4% medium-term stress rate, not today's promo rate.
How much can I borrow for a condo?
Up to 75% of the price on a first bank loan (with a minimum 5% cash), subject to TDSR at the 4% stress rate over your chosen tenure. A second loan is capped at 45%, a third at 35%. Size it in the Buying Power tool.