TDSR & MSR calculator: how much can you borrow?
Banks and HDB cap your loan by what your income can carry. Enter your age, income and debts to see the largest home loan you can get, the rule that limits it, and what the monthly instalment looks like.
How home loan limits work.
01 What is TDSR?
The Total Debt Servicing Ratio caps all your monthly debt repayments, including the new home loan, at 55% of your gross monthly income. It applies to every bank loan, whether the property is private, an EC or an HDB flat bought with a bank loan.
02 When does MSR apply?
The Mortgage Servicing Ratio caps the home loan instalment alone at 30% of your gross monthly income. It applies to HDB flats and ECs, whether you borrow from HDB or from a bank. For a bank loan on an HDB flat or EC, both MSR and TDSR apply and the tighter one decides your limit. Private property is tested on TDSR only.
03 What debts count towards TDSR?
Every monthly repayment on a loan or credit line counts: car loans, personal loans, credit card minimum payments, study loans and the instalments on any other property you own. Enter the total in the debt box. Utilities, rent and insurance premiums do not count.
04 What is the 4% stress rate?
MAS requires banks to test your loan at a regulated rate, not the rate you will actually pay. The calculator shows the rate it used. If real interest rates rise, you should still be able to service the loan. A higher test rate means a smaller maximum loan. HDB loans are tested at their own lower rate. See the private buyer's calculator and the HDB buyer's calculator for the full cost of buying.
05 How much can I borrow on my income?
It depends on your age, your income, your existing debts and the type of property. Enter them above. For a joint purchase, add both incomes: the calculator uses the combined income and the income-weighted average age to set the longest tenure. The final loan is also capped by the property price, so the number shown is a ceiling and not a guarantee.