This Belgravia Ace TDSR calculator estimates the maximum housing loan your income can support under the Monetary Authority of Singapore’s Total Debt Servicing Ratio framework, then compares it against the Loan-to-Value ceiling so you can see which of the two actually limits you. Belgravia Ace is private landed residential property, so the rules applied here are the private-property rules.
For joint applications the loan tenure is assessed against the income-weighted average age, which is how banks compute it. Variable income is haircut by 30%. Estimates only — your bank’s assessment governs.
TDSR caps your total monthly debt repayments at 55% of gross monthly income. That ceiling covers everything, not just the mortgage: car loans, personal loans, other property loans and a notional 3% of any outstanding credit card balance all consume the same headroom before the new housing loan is considered.
Two details catch buyers out. Banks must assess the instalment at a medium-term interest rate floor of 4.00% per annum rather than the promotional rate on offer, so your qualifying loan is smaller than your actual repayment would suggest. And variable income — bonus, commission, rental, dividends — is reduced by a minimum 30% haircut before it counts.
The Mortgage Servicing Ratio, the separate 30% cap, applies only to HDB flats and to Executive Condominiums bought from a developer. Belgravia Ace is private landed housing, so MSR is not part of the assessment. Only TDSR and the LTV ceiling bind.
Note also that Belgravia Ace is restricted residential property under the Residential Property Act. Financing capacity is a separate question from purchase eligibility — see the eligibility and stamp duty page.
The bank lends the lower of the two figures. For a buyer with strong income and no existing property loan, the 75% LTV ceiling usually binds first. For a buyer with an outstanding mortgage, TDSR generally binds well before LTV does, because the existing instalment is already consuming the 55%.
Whichever binds, the shortfall between the loan and the price is yours to fund in cash and CPF. See the payment schedule for when each portion falls due, and housing loan information for the underlying rules.
Tell us your buyer profile and we will set out the stamp duty, loan and cash position for the specific house you are considering.