Budgeting for your home

Whether you are looking to purchase a new home or moving on to your next one, do the sums for your next home easily. From affordability to cashflow management, map out your finances and key milestones with our suite of planning tools.

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What Affects Loan Amount and Tenure?

AgeGenerally, the younger you are, the longer your maximum loan tenure possible. Regulations have also capped maximum loan tenures for HDB flats and private properties at 30 and 35 years respectively.

For loan tenure longer than 25 years for HDB flats (or 30 years for private properties), the maximum loan amount could be reduced to 55% of property purchase price as well.

Income and Financial Commitment

  • In calculating your maximum home loan amount, banks will take into account the ratio of your debt to your income. This is called the Total Debt Servicing Ratio (TDSR) and this ratio is capped at 55% of all borrowers' gross monthly income.
  • If you are purchasing a HDB flat, banks also have to calculate your Mortgage Servicing Ratio (MSR). MSR is capped at 30% of all borrowers' gross monthly income. Calculation of MSR is based on loan amount and combined monthly gross income.
  • Your maximum home loan amount is determined by TDSR, MSR (for HDB only), loan tenure and a medium-term 3.5% interest rate.

    Check out our calculators below to find out how much you can borrow.

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