Bank Loan

your sg home028 views
TDSR
LTV

Total Debt Servicing Ratio (TDSR)
  • Applicable to all property buyers
  • For all property transactions
  • Only a total of 60% income can be use for:
    Mortgage loan instalment (base on 3.5% interest), car loan repayment, monthly credit card payment (min payment sum), other loan payments (e.g. student loan, personal loan, retailer loan, etc.)
  • Variable income is subjected to 30% haircut
  • Pledged or unpledged fund can be used to increase loan amount

Loan-To-Value (LTV)
  • Applicable to all property buyers
  • For all property transactions
  • Determined base on number of loans, loan tenure (base on IWAA) and buyer’s age at the end of repayment

LTV Chart

Income weighted Average Age (IWAA) =
[ (Income x Age of Borrower A) + (Income x Age of Borrower B) ] / [ Income of Borrower A + Income of Borrower B ]

DISCLAIMER: All information provided here are examples for reference only. For actual purchase, please refer to your legal, bank & respective authorities for detail requirements.