Guidelines
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.
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
- 5 Jul 2018
- Previous version last revised on 5 July 2018 (556.9 KB) [Cancelled]
- 10 Mar 2017
- Previous version last revised on 10 March 2017 (354.3 KB) [Cancelled]
- 01 Sep 2016
- Previous version last revised on 01 September 2016 (354.5 KB) [Cancelled]
- 10 Feb 2014
- Previous version last revised on 10 February 2014 (340.7 KB) [Cancelled]
Related to this Item
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NoticesLast Revised Date: 29 September 2022
Notice 645 Computation of Total Debt Servicing Ratio for Property Loans
Requirements for banks on computing the total debt servicing ratio (TDSR) for property loans.
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NoticesLast Revised Date: 29 September 2022
Notice 831 Computation of Total Debt Servicing Ratio for Property Loans
Requirements for finance companies on computing the total debt servicing ratio (TDSR) for property loans.
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NoticesLast Revised Date: 29 September 2022
Notice 1115 Computation of Total Debt Servicing Ratio for Property Loans
Requirements for merchant banks on computing the total debt servicing ratio (TDSR) for property loans.
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NoticesLast Revised Date: 29 September 2022
Notice 128 Computation of Total Debt Servicing Ratio for Property Loans
Requirements for insurers on computing the total debt servicing ratio (TDSR) for property loans.
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ExplainersLast Revised Date: 16 December 2021
TDSR Thresholds for Property Loans
How to apply the total debt servicing ratio (TDSR) threshold for property loans and what is exempted from TDSR rules.
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ExplainersPublished Date: 05 July 2018
Calculating TDSR for Property Loans
How to calculate a borrower’s total debt servicing ratio (TDSR), taking into account their monthly debt obligations and gross monthly income.
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ExplainersPublished Date: 05 July 2018
Who TDSR Applies To
Explains the borrowers and property loans which TDSR rules apply to, as well as the exemptions from TDSR rules.
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ExplainersPublished Date: 05 July 2018
Total Debt Servicing Ratio for Property Loans
Explains requirements for financial institutions to compute the total debt servicing ratio (TDSR) of borrowers who apply for property loans.
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Monographs/Information PapersPublished Date: 28 June 2013
Thematic Inspection of Residential Property Loans Business
Information paper on underwriting and lending practices of banks’ residential property loans business, including areas where underwriting and lending practices could be improved and sound practices observed during MAS’ thematic inspection in 2012.