Notices
 Last Revised Date: 05 April 2020

Notice 632 Residential Property Loans

Rules for banks when granting residential property loans to individuals and non-individuals.

Issued pursuant to:

Banking Act (Cap. 19) section 55

Applies to: Full Bank (Locally Incorporated) , Full Bank (Branch) , Wholesale Bank (Branch) , Wholesale Bank (Locally Incorporated)
View Notice Notice 632 Residential Property Loans (544.5 KB)

This notice applies to all banks in Singapore. It sets out the rules for banks to comply with when granting residential property loans, including limits on loan amount, conditions for loans, and tenure of credit and refinancing facilities.

See also:

Amendment Notes

18 Feb 2020
MAS Notice 632 (Amendment) 2020 (547.5 KB) takes effect.
06 Jul 2018
MAS Notice 632 (Amendment) 2018 (568 KB) takes effect.
11 Mar 2017
MAS Notice 632 (Amendment) 2017 (130 KB) takes effect.
10 Feb 2014
MAS Notice 632 (Amendment) 2014 takes effect. MAS Notice 632 last revised on 10 February 2014 (331.7 KB).

28 Aug 2013
MAS Notice 632 dated 27 August 2013 takes effect.
28 Aug 2013
MAS Notice 632 dated 13 January 2011 and last revised on 28 June 2013 is cancelled.