$
$
The bank lends on the lower of the price and the valuation.You
$
Gross salary before CPF. For joint loans, add everyone’s income.$
Commission, bonus or rental income. Banks count 70% of it.$
Car loans, other property loans, personal loans, credit card minimums.For joint loans, use the income-weighted average age.
Loan
Up to 30 years for HDB flats and 35 years for other properties.
The rate your bank quotes, for the monthly instalment.
For information only. Banks may lend less, and HDB loans follow HDB’s own rules. Always check with your bank.
The loan rules in brief (2026)
Loan-to-value (LTV) limits for individuals
| Housing loans you already have | Maximum LTV / minimum cash |
|---|---|
| None | 75% / 5% (55% / 10% if the tenure is over 30 years, or 25 for HDB flats, or the loan runs past age 65) |
| One | 45% / 25% (25% / 25% for longer tenures or past age 65) |
| Two or more | 35% / 25% (15% / 25% for longer tenures or past age 65) |
Debt limits
| Total Debt Servicing Ratio (TDSR) | All your monthly debt repayments must be no more than 55% of your monthly income. Banks work it out at an interest rate of at least 4% a year for residential loans, and count only 70% of variable or rental income. |
|---|---|
| Mortgage Servicing Ratio (MSR) | For HDB flats and executive condominiums bought from the developer, the home loan repayment must be no more than 30% of monthly income. |
| Maximum tenure | 30 years for HDB flats; 35 years for other properties |
Rules from MAS, checked on 27 September 2026.
Studying for the RES exam?
LTV, TDSR and MSR questions come up in Paper 2. Try the free Real Estate Finance questions, or work out stamp duty with the stamp duty calculator.
Want the full set?
Option to Pass has 1,850+ original questions across all 16 chapters at three levels, 80+ case studies and two full mock papers in the real exam format. Lesson 1A is free, with no sign-up.