Guidelines
 Published Date: 15 December 2021

Guidelines on the Application of Total Debt Servicing Ratio for Property Loans under MAS Notices 645, 1115, 831 and 128

Guidelines for all financial institutions on how to apply the total debt servicing ratio (TDSR) to property loans.
Applies to: Full Bank (Locally Incorporated) , Full Bank (Branch) , Finance Company , Merchant Bank (Locally Incorporated) , Merchant Bank (Branch) , Direct Insurer (Life) , Direct Insurer (General) , Direct Insurer (Composite)
View Document Guidelines on the Application of Total Debt Servicing Ratio for Property Loans under MAS Notices 645, 1115, 831 and 128 (224.7 KB)

These guidelines apply to all financial institutions (FIs) in Singapore. They guide FIs on applying the total debt servicing ratio (TDSR) when granting property loans. Where the borrower is an individual, sole proprietor or shell company, FIs are to consider the income level and debt obligations in assessing debt repayment capability.

The guidelines cover:

  • Sound practices in managing their credit risk.
  • TDSR threshold.
  • Debt obligations and repayment ability.

Amendment Notes