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LAUNCHING Q1 2021
TOP Q1 2024
Updated as at 
11 May 2021

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Project Name Financing Information: Total Debt Servicing Ratio (TDSR)

What is the Total Debt Servicing Ratio?

  • The Total Debt Servicing Ratio is a maximum threshold set by MAS. However, FIs may grant property loans to borrowers whose TDSR exceeds the threshold on an exceptional basis, subject to enhanced credit evaluation.
  • The TDSR threshold for property loans is set at a maximum of 60% of the borrower’s monthly income.
  • It applies to housing loans for the purchase of private properties and executive condominiums
 

Calculating TDSR 

  • Under the TSDR guidelines, your monthly monthly debt obligations and gross monthly income will be taken into account
  • A borrower’s TDSR is calculated using the following formula:
    • (Borrower’s total monthly debt obligations / Borrower’s gross monthly income) x 100%
 

Monthly Debt Obligations

Monthly debt includes all outstanding debt obligations:

  • Property-related loans, including the loan being applied for.
  • Car loans.
  • Student loans.
  • Renovation loans.
  • Credit card loans.
  • Any other secured or unsecured loans, including revolving loans.

 

For more details, please refer to the MAS website here: Total Debt Servicing Ratio for Property Loans

 

Project Name
Developer: X
Tenure: X
Location: X
Mukim Lot: X
District: X
Expected TOP: X
Expected CSC: X
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