Singapore Property Loan Guidelines
This calculator helps you estimate your monthly mortgage payments for property purchases in Singapore.
Key Points:
- Minimum Down Payment: At least 25% down payment is typically required (5% in cash, 20% via CPF or cash for HDB loans; varies for private property)
- Loan Tenure: Maximum 25-30 years depending on property type and age
- TDSR Limit: Total Debt Servicing Ratio cannot exceed 55% of gross monthly income
- Interest Rates: Rates vary by bank and loan package (HDB: ~2.6%, Banks: typically 3-4%)
- Additional Costs: Remember to factor in stamp duty, legal fees, and agent commission
Disclaimer: This calculator provides estimates only and should not be considered as financial advice. Actual loan terms may vary based on your financial profile, property type, and lender policies. Please consult with a licensed financial advisor or mortgage specialist for personalized advice.