Home Loan Regulations for Private Residential Home Loan Regulations (MAS-Bank Loan)
A quick guide to MAS bank-loan rules for private homes and Executive Condominiums (EC): LTV tiers up to 75%, TDSR 55%, and MSR 30% (EC only).
Private Homes
Applies to bank loans for private condos, apartments and landed property.
| Item | First Loan | Second Loan | Third Loan | |||
|---|---|---|---|---|---|---|
| ≤ 30 yrs | 31–35 yrs | ≤ 30 yrs | 31–35 yrs | ≤ 30 yrs | 31–35 yrs | |
| Maximum LTV | 75% | 55% | 45% | 25% | 35% | 15% |
| Minimum Cash Downpayment | 5% | 10% | 25% | 25% | 25% | 25% |
| Loan Tenure & Age (income-weighted) | Standard max tenure is up to 30 years (income-weighted average age to end-tenure typically ≤ 65). For 31–35 year tenures, stricter LTV tiers apply; banks may allow up to age ~70–75 subject to policy. | |||||
| TDSR (Total Debt Servicing Ratio) | 55% cap (applies to all bank loans; stress-test interest rate used in computation). | |||||
| MSR (Mortgage Servicing Ratio) | N/A for private properties. | |||||
| Stress-Test Interest Rate | 4.0% (used for TDSR calculations; subject to change). | |||||
| Co-borrowers / Guarantors | All co-borrowers must be mortgagors. Guarantors must be added as co-borrowers if they do not meet TDSR. | |||||
Executive Condominiums (EC)
ECs (from developer) are financed by bank loans only. MSR 30% applies to EC purchases.
| Item | EC (Purchased from Developer) |
|---|---|
| Loan Type | Bank loan (HDB loan not available) |
| Maximum LTV | Up to 75% (bank LTV tiers; subject to outstanding housing loans & tenure) |
| Minimum Downpayment | 5% cash + 20% CPF/cash (if LTV 75%); higher cash if lower LTV tiers apply |
| MSR | 30% cap applies to EC purchases |
| Maximum Loan Tenure | Up to 30 years (stricter LTV if tenure > 30 yrs or income-weighted age past 65) |
