4 Answers

Hi Ann,

TDSR stands for total debt servicing ratio. Meaning the total monthly obligations loan installments (home loan, car loan, credit cards etc) cannot exceed 55% of your total monthly income. This will determine how much you can loan for your home purchase as well.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
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I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you.

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0
Hi Ann,

1) TDSR stands for Total Debt Servicing Ration. This is meant for private residential purchases only. For buying HDB, it is using MSR instead.
2) This is a loan guideline distributed by the MAS for all licensed financial institutes to follow.
3) There was a revision on this from the latest cooling measure announced by the National Development Ministry from 60% to 55%.
4) It means that you are only allowed to utilize 55% of your monthly income for all loans; housing, car & credit cards, renovation, installments, etc. A loan that you need to service monthly.
5) The formula is a bit complicated to share here. You may consult a banker to do an assessment for you to understand how much you can loan from the bank when you are preparing to make a property purchase.

Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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1
YT Tan (陈永达)
Good evening Ann,

it means total debt servicing ratio. Total debt obligations including housing loan cannot exceed 55% of your gross income. With this in mind, along with loan tenure, you will be able to find out how much can you loan.

Hope my sharing helps in aiding in your enquiry.

May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
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Singapore Accredited Mortgage Planner

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Robbie Chen Chee Howe
Hi Ann,

TDSR stands for Total Debt Servicing Ratio. This is a framework introduced by MAS to ascertain the Buyer's maximum loan amount, based on the Buyer(s) age, monthly income and liabilities.

Currently, TDSR is set at 55% of income, less off all liabilities.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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