Loan To Value Ratio Calculator Singapore
Loan To Value Ratio Calculator Singapore,
How much can i loan for private property single purchase in Singapore ? The Web App below will help you calculate the percentage amount of Cash , CPF and Loan you will need for Single purchase of Private Property in Singapore.
For Joint Purchase of Private Property in Singapore please Check out IWAA Calculator
The Buyer will also need to fulfill TDSR Guideline by MAS in order to purchase Private Property in Singapore.
What is Loan Tenure ?
Loan Tenure , is how long the borrower takes to pay back mortgage loan borrowed to purchase property . For HDB Loan Tenure is capped at 30 Years, while Private Property Loan Tenure is capped at 35 Years
The Important of Loan Tenure ?
A Longer loan tenure will enable the Borrower to pay lesser and more affordable monthly installment . While For Shorter Loan Tenure , the borrower will have higher Monthly Instalment
Base on Government Guide line the . For MSR , only 30% of the Borrower Assessed income can be use to Service a Mortgage Loan. While for TDSR is 60% of the borrower assessed income.
What is Loan To Value Ratio ( LTV) ?
Loan to Value Ratio dictate how much Percentage of the Property Price the Buyer will be able to loan base on the Borrower Age , Loan Tenor , Number of Loan taken , Remaining Lease, Credit Rating etc.
| Number of Existing Housing Loan | borrower’s age | LTV ratios | Minimum Down payment in cash |
| None | 65 years and below | 75% | 5% |
| >65 years | 55% | 10% | |
| One | 65 years and below | 45% | 25% |
| >65 years | 25% | 25% | |
| Two Or More | 65 years and below | 35% | 25% |
| >65 years | 15% | 25% |
Example:
Assuming , A 30 Years Old Buyer taking a 30 Years Loan to purchase a Private Property
According to the Table above he will be able to loan up to 75% of the Property Price and will need to have at least 5% Down payment in cash.