Last Revised Date: 06 November 2020

Notice 831A Computation of Total Debt Servicing Ratio for Property Loans

Requirements for finance companies on computing the total debt servicing ratio (TDSR) for property loans.
Issued pursuant to:                 

Finance Companies Act (Cap. 108) section 30

Applies to: Finance Company
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:

Amendment Notes

06 Apr 2020
MAS Notice 831A (Amendment) 2020 (255 KB) takes effect.

18 Feb 2020
MAS Notice 831A dated 17 Feb 2020 takes effect.