The Total Debt Servicing Ratio (TDSR) was introduced in 2013 and its purpose is to ensure that home buyers borrow responsibly and also reducing the systemic risk of overleveraging. It specifies the maximum percentage of the borrower’s monthly income to be used in servicing all their loan obligations which include credit cards, personal loans, car loans and housing loans. It is also the maximum loan eligibility of the purchaser when it comes to purchasing residential property in Singapore.
For those planning to purchase a property, the TDSR will be one of the vital factors that will affect the amount of the housing loan. Use the below Maximum Loan Eligibility (TDSR) Calculator below to find out how much you can borrow.
