Guidelines for all financial institutions on how to apply the total debt servicing ratio (TDSR) to property loans.
Notice 645 Computation of Total Debt Servicing Ratio for Property Loans
This notice applies to all banks. It sets out the formula and parameters for banks 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.
- 10 Dec 2013
- MAS Notice 645 (Amendment No. 2) 2013 takes effect.
- 28 Aug 2013
- MAS Notice 645 (Amendment) 2013 takes effect.
- 28 Jun 2013
- MAS Notice 645 dated 28 Jun 2013 takes effect.