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.
Notices
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.
Issued pursuant to:
This notice applies to all direct insurers in Singapore.
It sets out the formula and parameters for insurers to compute the total debt servicing ratio, monthly total debt obligations and gross monthly income of borrowers. The notice also spells out the limit on monthly repayment instalments for the purchase of HDB flats and executive condominiums.
See explainers:
Amendment Notes
- 29 Sep 2022
- Notice 128 (Amendment) 2022 (246.8 KB) takes effect.
- 18 Feb 2020
- Notice 128 (Amendment) 2020 (394.7 KB) takes effect.
- 06 Jul 2018
- Notice 128 (Amendment) 2018 (415.7 KB) takes effect.
- 11 Mar 2017
- Notice 128 (Amendment) 2017 (91.2 KB) takes effect.
- 01 Sep 2016
- Notice 128 (Amendment) 2016 (82.9 KB) takes effect.
- 10 Feb 2014
- Notice 128 (Amendment) 2014 (244.3 KB) takes effect.