Housing Loan Information

Residential Home Loan Regulations By MAS

 

First Loan

Second Loan

Third Loan

Loan Tenure

Up to 30 years

31 to 35 years

Up to 30 years

31 to 35 years

Up to 30 years

31 to 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

75%

55%

55%

45%

25%

25%

35%

15%

15%

20% (non-individual)

Minimum Cash Downpayment

5%

10%

10%

25%

25%

25%

25%

25%

25%

Guarantors/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

3.5%