Use our TDSR Calculator to find out how much you can borrow to secure that HDB or private property you’re eyeing.

First, banks implement a “stress test” to make sure that your repayment must still be within TDSR constraints even if interest rates rise to 3.5%. We have factored in government regulations to check how much you can loan you can get as well as the taxes and duties that you are required to pay. Please tell us a few details about yourself and the property.

Looks like you have not used the calculator yet. A MoneySmart Mortgage Specialist will be contacting you to help you secure the best home loan in town. Take the maximum loan tenure to reduce the monthly installment (MI) until you’re below the 60% mark. Mortgage Affordability. These home loan recommendations are based on the information entered above. ... call a mortgage specialist at. If your monthly home loan repayment and monthly debt obligations surpass the 60% TDSR, you’ve got several options: What is Total Debt Servicing Ratio (TDSR)?

Focus on paying off a debt or two so you can free up the disposable monthly income to use towards your home loan repayments. Use these mortgage calculators and housing loan tools from PropertyGuru to help you determine how much you can borrow and afford, find the best housing loan you need, helping you to make informed decisions on your property purchase. The guide is available on the websites of ABS and the Monetary Authority of Singapore in the four official languages. What is my maximum home loan amount & loan term for Private Property? Second, if you are a self-employed individual and have variable income rather than a fixed one, your income will be reduced by 30% in the calculation. The results do not include other factors such as lock-in period. Third, for a joint application, an income-weighted average age (IWAA) of both borrowers will be used when calculating maximum loan tenure. Calculator. Mortgage Calculator Use this calculator to estimate the monthly repayments for your dream home. How much home loan you can afford is regulated by the loan-to-value ratio, also known as LTV. © 2009-2020 Catapult Ventures Pte Ltd. All rights reserved.

What is the home loan eligibility criteria in Singapore? Ask your bank or financial institution for an exemption, which may or may not be approved by its credit committee (only applicable to refinancing and if property is bought before June 2013). ... Comprehensive affordability assessment and view homes. The TDSR limit is currently 60%, which means all your debt obligations (student loans, credit card debts, car loans, personal loans, and so on), cannot exceed 60% of your income. Read our home loan analysis to compare the best home loan rates and options to choose the best home mortgage loan for you. In most cases, if property is owner-occupied, for refinancing banks are willing to increase the TDSR ratio. Singapore Mortgage Calculators and Home Loan Tools. This defines the maximum amount of mortgage loan a bank can loan you as a percentage of the property’s value or purchase price whichever is lower. get in touch with one of our mortgage specialists. You are encouraged to read the guide before committing to any home loan. Note: The Association of Banks in Singapore (ABS) has published a consumer guide on home loans. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy. This applies to property loans granted by all financial institutions (not just banks). To help you find the best housing loan features with the lowest housing loan interest rates, we've collected hundreds of data points on different home loan options in Singapore as well as historical home loan packages and rates. No. The indicated figures above are based on the information provided by you and the Bank accepts no liability for errors or omissions, nor for any loss arising from use of or reliance on the calculation herein. Fund your dream home from just S$0/month . What is my maximum home loan amount & loan term for Private Property?



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