Home loan affordability Singapore
How Much Can You Borrow for a Home Loan in Singapore?
Your salary is only one part of the answer. Existing debts, property type, loan tenure, age, LTV limits and lender assessment can all change the amount you may be able to borrow.
- Understand TDSR and MSR
- Check applicable LTV limits
- Plan cash and CPF before viewing
The short answer
There is no single salary-to-loan formula.
Two people earning the same income can qualify for very different loan amounts. One may have a car loan and an existing mortgage. The other may have no debt. One may be buying an HDB flat. The other may be buying a private property. The lender looks at the whole picture.
TDSR
Your total monthly debt commitments should generally stay within 55% of gross monthly income under the current framework.
MSR
For applicable HDB flat and EC mortgages, the monthly mortgage instalment must also meet the 30% MSR limit.
First-loan LTV starting point
For many first residential bank loans, the maximum LTV can be 75%, subject to tenure, age and lender assessment.
Current TDSR, MSR and residential bank-loan LTV figures are based on MoneySense guidance updated 1 July 2026. HDB-specific LTV information is checked against HDB's current guidance.
Indicative affordability check
See how existing debt changes your monthly mortgage headroom.
This calculator does not tell you what a bank will approve. It simply applies the published 55% TDSR threshold and, where relevant, the 30% MSR threshold to the figures you enter.
This is an educational estimate only. Actual qualifying income, debt treatment, stress rates, credit assessment and lender criteria can differ.
55% of gross monthly income, less the monthly debt you entered.
Shown only where the 30% MSR framework applies.
The lower applicable figure is shown. This is not a loan approval or loan quantum.
What actually changes your loan amount
Six factors matter more than a simple income multiple.
Before you start viewing properties at the top of your budget, check the factors that can reduce your financing.
Your assessable income
Lenders assess income under their applicable rules. Stable salaried income and variable or commission-based income may not be treated in exactly the same way.
Your current monthly commitments
Car loans, credit facilities, other housing loans and recognised debt obligations can reduce the room available under TDSR.
HDB, EC and private property are not identical
An HDB buyer may face MSR as well as HDB-specific financing rules. A private-property buyer is assessed under the relevant bank-loan framework.
Your LTV can fall sharply
For residential bank loans, the maximum LTV changes when you already have one or more outstanding housing loans.
A longer loan does not always mean more borrowing
Lower bank-loan LTV limits can apply when the tenure exceeds the prescribed period or extends beyond the borrower's age threshold.
Remaining lease affects CPF and, in some cases, financing
CPF usage depends partly on whether the remaining lease covers the youngest buyer using CPF to age 95. HDB financing can also be pro-rated for shorter leases.
Residential bank-loan LTV
Existing housing loans can change the maximum leverage.
For an individual taking a bank loan on residential property, MoneySense currently sets out the following LTV framework. The lower limit applies when the relevant long-tenure or age condition is triggered.
| Outstanding housing loans | Possible LTV limit | Minimum cash downpayment | What it means |
|---|---|---|---|
| None | 75% or 55% | 5% at 75% LTV; 10% at 55% LTV | The lower LTV applies when the applicable tenure / age condition is triggered. |
| 1 | 45% or 25% | 25% | A second outstanding housing loan materially increases the amount you need to fund outside the new mortgage. |
| 2 or more | 35% or 15% | 25% | Do not plan another property purchase using first-property leverage assumptions. |
Source framework: MoneySense, updated 1 July 2026. For bank residential loans, the lower LTV applies when the loan tenure exceeds 30 years (25 years for HDB flats) or extends beyond the borrower's age of 65.
HDB buyers
HDB affordability needs its own check.
If you are buying an HDB flat, do not rely on a generic bank mortgage calculator. Your HFE outcome, MSR, HDB or bank financing choice, remaining lease and CPF position all matter.
Current HDB housing-loan LTV is up to 75%
HDB's current guidance states an LTV of up to 75% for applicable HDB housing loans, subject to its credit assessment and other conditions.
Your mortgage must also fit the 30% framework
For applicable HDB mortgages, monthly mortgage repayments are assessed against the 30% MSR limit.
Your HFE gives you the useful number
The HFE process gives eligible HDB buyers an assessment of HDB housing-loan eligibility and the amount that may be offered.
Older flats can change CPF and HDB financing
If the remaining lease does not cover the youngest relevant buyer to age 95, CPF usage and the HDB LTV may be pro-rated.
Read our HDB Home Loan guide → Compare HDB Loan vs Bank Loan →
CPF is part of affordability too
Being able to borrow does not mean you should empty your CPF.
CPF OA can help with eligible housing payments, but usage depends on factors including the property's remaining lease, property type, loan type and whether it is your first or subsequent property.
Remaining lease affects how much CPF you can use
If the property lease covers the youngest buyer using CPF to age 95, CPF usage is generally less restricted by the lease rule. Otherwise, usage may be pro-rated.
Additional CPF set-aside rules can apply
For a second or subsequent property, CPF requires the applicable retirement sum to be set aside before further OA savings can be used, subject to the current rules.
CPF Board provides its own Housing Usage Calculator for the exact amount of OA savings that may be used based on the buyer, property and loan details.
What should you do next?
Use the affordability number to choose the right financing path.
Once you understand the limits, move into the page that matches what you are actually trying to finance.
Buying an HDB flat?
Understand HFE, HDB vs bank financing, CPF and cash requirements.
HDB Home Loan →Buying a condo?
Review private-property LTV, TDSR, cash requirements and bank packages.
Condo Home Loan →Already have a mortgage?
Compare repricing and refinancing before your current package changes.
Home Loan Refinancing →Ready to compare packages?
Review bank mortgage structures and the terms that matter beyond the headline rate.
Compare Bank Home Loans →What the numbers look like in real life
The same income can lead to a very different property budget.
These are illustrative situations, not SHS client results and not loan quotations.
Good income, but an existing car loan
A buyer may earn comfortably but still have less mortgage headroom because TDSR includes recognised monthly debt obligations. Clearing or reducing debt can change the assessment more than simply waiting for a salary increment.
Second property with an existing mortgage
A buyer who still has one housing loan may face a much lower LTV for another residential bank loan. The real constraint may therefore be upfront cash and equity rather than monthly income.
Older resale flat with a shorter lease
A buyer may be comfortable with the monthly repayment, but the property's remaining lease can affect CPF usage and, for HDB financing, the applicable LTV. Property choice matters as much as borrower income.
Frequently asked questions
Home loan borrowing and eligibility questions.
Know your financing range before you commit to the property.
Once you have a realistic property price and loan requirement, Singapore Home Services can help you compare relevant mortgage options from multiple banks we work with.