Showflat Hotline

61008110

Showflat Hotline
Early Bird Discount
$0.00

Combined Gross Monthly Income

$0.00

55% TDSR Limit

$0.00

Current Debt Obligations

$0.00

Available for Mortgage Servicing

Disclaimer: The information provided by our Maximum Loan Eligibility Calculator (Total Debt Servicing Ratio – TDSR) is for general informational purposes only. All information on the site is provided in good faith, however, we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any information on the site.

Please be aware that the calculated results might not take into account all of your financial obligations and are not intended as a substitute for professional financial advice. By using this calculator, you agree not to hold us liable for any decisions or actions you take based on the results or information provided. For your final TDSR calculation, do reach out to us and we will calculate your final TDSR amount.

Emerald Of Katong TDSR FAQ

Discover how to efficiently manage your finances with the Emerald of Katong TDSR Calculator. Our easy-to-use tool provides a clear pathway to understanding your Total Debt Servicing Ratio (TDSR).

What is TDSR? What is MSR?

TDSR (Total Debt Servicing Ratio) is a financial measure used in Singapore to ensure that individuals do not overextend themselves with debt. It limits the amount of gross monthly income that can be spent on debt repayments to 55%. This includes all debt obligations like property loans, car loans, personal loans, and credit card payments. The purpose of TDSR is to encourage responsible borrowing and ensure that individuals are not overwhelmed by their debts.

MSR (Mortgage Servicing Ratio) is similar to TDSR but specifically applies to property loans for HDB flats and executive condominiums (ECs) purchased directly from developers. The MSR caps the amount of gross monthly income that can be spent on servicing mortgage loans at 30%. This is to ensure that individuals purchasing these types of properties can comfortably afford their home loans without financial strain.

How do you calculate TDSR for private property?

Calculating the Total Debt Servicing Ratio (TDSR) for a property loan involves dividing your total monthly debt obligations by your gross monthly income and then multiplying the result by 100 to get a percentage. For a detailed step-by-step guide on assessing your TDSR, drop us a message on our Emerald of Katong TDSR Calculator page.

What is the current TDSR rate in 2024?

As of 2024, the TDSR threshold set by the Monetary Authority of Singapore (MAS) remains at 55%. This means your monthly debt repayments, including your mortgage, should not exceed 55% of your gross monthly income. Learn more about how this might affect your property purchase at Emerald of Katong by using our TDSR Calculator.

Can rental income be included in my TDSR calculation?

Yes, rental income can be included in your TDSR calculation. However, a 30% haircut is typically applied to account for potential vacancies and other variables, meaning only 70% of your total rental income will be considered. As policies change from time to time, do submit a request via our TDSR calculator page and our showflat banker will assist in determining your final TDSR.

For liquid assets (deposits of SGD), there is a minimum of 0% haircut for assets pledged for at least 4 years. Otherwise, there is a minimum of 70% haircut for unpledged or pledged less than 4 years. For other financial assets (gold, stocks, foreign currency deposits), there is a minimum of 30% haircut for assets pledged for at least 4 years. Otherwise, there is a minimum of 70% haircut for unpledged or pledged less than 4 years.