On 5 July 2018, MAS revised the Loan-to-Value (LTV) ratios for individuals taking a bank loan. The table below summarises the adjustments to the LTV limits. Find out the maximum loan you are eligible with the Maximum Loan Eligibility Calculator (MSR) here.
|First Loan||Second Loan||Third Loan|
|Loan Tenure||Up to 30 years||31-35 years||Up to 30 years||31-35 years||Up to 30 years||31-35 years|
|Age||Age used to calculate loan tenure, will be based on income-weighted|
|Up to 65||Up to 70-75||Up to 70-75||Up to 65||Up to 70-75||Up to 70-75||Up to 65||Up to 70-75||Up to 70-75|
|Maximum LTV Limit||75%||55%||55%||45%||25%||25%||35%||15%||15%|
|Minimum Cash Downpayment||5%||10%||10%||25%||25%||25%||25%||25%||25%|
|Guarantors / Co-borrowers||All Co-borrowers must be mortgagors.|
|Guarantors must be co-borrowers if the latter did not pass the TDSR criteria|
|Mortgage Servicing Ratio||N/A|
|Total Debt Servicing Ratio||60%|
|Stress Test Interest Rate||3.50%|
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