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.

Property Loans

Issued pursuant to:

Finance Companies Act 1967 section 30

Applies to: Finance Company

View Notice Notice 831 Computation of Total Debt Servicing Ratio for Property Loans (334.1 KB)

This notice applies to all finance companies in Singapore.

It sets out the formula and parameters for finance companies 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:

22 Aug 2025: MAS Notice 831 (Amendment) (345.9 KB) 2025 takes effect.
29 Sep 2022: MAS Notice 831 (Amendment) 2022 (246.3 KB) takes effect.
18 Feb 2020: MAS Notice 831 (Amendment) 2020 (394.9 KB) takes effect.
06 Jul 2018: MAS Notice 831 (Amendment) 2018 (415.5 KB) takes effect.
11 Mar 2017: MAS Notice 831 (Amendment) 2017 (91.3 KB) takes effect. MAS Notice 831 last revised on 10 March 2017 (284.7 KB).
01 Sep 2016: MAS Notice 831 (Amendment) 2016 (82.6 KB) takes effect. MAS Notice 831 last revised on 01 September 2016 (276.3 KB).
10 Feb 2014: MAS Notice 831 dated 28 June 2013 and last revised on 10 February 2014 (245 KB) takes effect.
10 Dec 2013: MAS Notice 831 (Amendment No.2) 2013 takes effect.
28 Aug 2013: MAS Notice 831 (Amendment) 2013 takes effect.
29 Jun 2013: MAS Notice 831 dated 28 June 2013 takes effect.

Quick Links

Quick Links

Quick Links

Notice 831 Computation of Total Debt Servicing Ratio for Property Loans

Amendment Notes