Last Revised Date: 06 November 2020

Notice 645A Computation of Total Debt Servicing Ratio for Property Loans

Requirements for banks on computing the total debt servicing ratio (TDSR) 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.

See explainers:

Amendment Notes

18 Feb 2020
MAS Notice 645A dated 17 Feb 2020 takes effect.