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  1. Home
  2. Home Loan
  3. TDSR Calculator

TDSR Calculator

Wondering about the maximum amount you can borrow for your dream home?

Before deciding on a home loan package, first, you need to how much you can actually afford. Use our TDSR Calculator to find out how much you can borrow to secure that HDB or private property you’re eyeing.

Property Details

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Your Details

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Here’s how much you need for your dream

Max Loan Amount

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Fund your dream home from just S$0/month . Take a look at the best home loan rates today.

Best Fixed Rate Package

Monthly Instalments Year 1

Interest Rate Year 1

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Lock-in Period

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Rate Type

Fixed

Best Floating Rate Package

Monthly Instalments Year 1

Interest Rate Year 1

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Lock-in Period

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Rate Type

Floating

Rates and fees as of February 26

These home loan recommendations are based on the information entered above. The results do not include other factors such as lock-in period. To learn more about your true savings, get in touch with one of our mortgage specialists.

Book a call

A MoneySmart Mortgage Specialist will be contacting you to help you secure the best home loan in town.

Name

Email

Phone

Thank you!

A MoneySmart Mortgage Specialist will be contacting you to help you secure the best home loan in town.

Other Calculators

Stamp Duty Calculator

What are the fees involved in purchasing a property?

Mortgage Calculator

How much will I need to pay per month?

Refinancing Calculator

How much can I save by refinancing my home loan?

Frequently Asked Questions

What is Total Debt Servicing Ratio (TDSR)?

The Total Debt Servicing Ratio (TDSR) framework is introduced in Singapore so that property buyers will not borrow more than they can afford. It basically calculates the percentage of your income that can go into servicing your loan. 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. This applies to property loans granted by all financial institutions (not just banks).

What is the home loan eligibility criteria in Singapore?

There are several criteria when it comes to applying for a home loan in Singapore, such as level of income, number of loans you’re currently servicing, credit history, as well as age.

What amount of home loan can I afford?

How much home loan you can afford is regulated by the loan-to-value ratio, also known as LTV. 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. For your first property, you are allowed to borrow 75% of LTV limit for loan tenure of 30 years or less up to age 65, or 55% LTV for loan tenure of more than 30 years, or if loan extends past the age of 65.

What factors need to be considered in TDSR calculation?

There are 3 extra factors you should consider when calculating TDSR. 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%. 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. Third, for a joint application, an income-weighted average age (IWAA) of both borrowers will be used when calculating maximum loan tenure.

What should I do if I exceed the 60% TDSR?

If your monthly home loan repayment and monthly debt obligations surpass the 60% TDSR, you’ve got several options:
  1. Take the maximum loan tenure to reduce the monthly installment (MI) until you’re below the 60% mark.
  2. Focus on paying off a debt or two so you can free up the disposable monthly income to use towards your home loan repayments.
  3. 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). In most cases, if property is owner-occupied, for refinancing banks are willing to increase the TDSR ratio.
  4. Pledge or show of funds and net-worth to increase the assessable income within the TDSR framework formula.
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