How much can I borrow?
Your maximum bank loan and an indicative price range under MAS debt-servicing and loan-to-value rules. Add your cash and CPF to see what you could actually buy, and what you would need upfront.
Uses MAS TDSR (55%), MSR (30%), the 4% stress-test rate and current LTV limits. Published ; rules last verified 27 September 2026.
Show the working at S$1,843,258
| Recognised income (variable income after a 30% haircut) | S$12,000/mth |
| TDSR cap (55% less all other repayments) | S$6,600/mth |
| Loan-to-value limit | 75% (min 5% in cash) |
| Bank loan | S$1,382,443 |
| Downpayment (cash + CPF) | S$460,815 |
| of which must be cash | S$92,163 |
| Buyer's stamp duty | S$61,762 |
| Needed upfront | S$522,577 |
Excludes ABSD (see the stamp duty calculator), legal fees and valuation. CPF use is also capped by the property's remaining lease and valuation limits. Stamp duty is often paid in cash first and refunded from your CPF OA later, so you may need that cash for a few weeks.
What this calculator does not cover
- HDB concessionary loans, which HDB assesses separately. See bank loan vs HDB loan.
- ABSD on a second property; use the stamp duty calculator.
- CPF limits tied to the remaining lease and valuation; see CPF usage limits.
- Each bank's own policies. Banks can be stricter than the MAS minimums, and an in-principle approval is the only firm number.
New to these ratios? Read TDSR vs MSR explained. Upgrading from HDB? See the HDB upgrader checklist. This tool is an estimate for planning, not financial advice.
Frequently asked questions
How much can I borrow on a S$10,000 monthly income in Singapore?
For a private condo, TDSR caps total debt repayments at 55% of income, or S$5,500 a month with no other debts. Stress-tested at 4% over 30 years, that supports a bank loan of about S$1.15 million, which at 75% LTV matches a price of about S$1.54 million. For a new EC or an HDB flat the 30% MSR applies instead, cutting the loan to about S$628,000 (EC, 30 years) or S$568,000 (HDB flat with a bank loan, 25 years).
What is the difference between TDSR and MSR?
TDSR (total debt servicing ratio) limits all monthly debt repayments to 55% of gross monthly income and applies to property loans from banks and other financial institutions. MSR (mortgage servicing ratio) limits repayments on all your property loans to 30% of income and applies only to HDB flats and to executive condominiums still within their minimum occupation period, which in practice means new ECs bought from the developer. Where both apply, the lower limit binds.
Why does the calculator use 4% when my mortgage rate is lower?
MAS requires banks to compute TDSR using the higher of a 4% medium-term interest rate floor and your loan's 'thereafter' rate (the rate after any lock-in period), so the loan is tested against higher rates than you may pay today.
How does my age affect how much I can borrow?
The full 75% loan-to-value limit applies only if the tenure is at most 30 years (25 for HDB flats) and the loan ends by age 65, using the income-weighted average age for joint borrowers. At 45, keeping the full 75% LTV means a tenure of at most 20 years, which cuts the loan on a S$10,000 income from about S$1.15 million to about S$908,000. A longer tenure is allowed, but the LTV then falls to 55% and the minimum cash rises to 10%.
How is bonus or commission income counted?
Banks average your variable income over the previous 12 months and then apply a minimum 30% haircut. Rental income also takes a 30% haircut. Banks may apply larger haircuts than this regulatory minimum.
Sources
Questions about your budget or next steps?
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