How Much Loan Can I Get?

 

The Monetary Authority of Singapore (MAS) will cap the Mortgage Servicing Ratio (MSR) for housing loans granted by financial institutions for EC units bought directly from property developers at 30% of a borrower’s gross monthly income. It is meant to encourage the financial prudence amongst public housing buyers. MAS requires banks to use 3.5% interest rate to compute mortgage servicing. Although market interest rate is approx. 1.5%*.

 

*Depends on the variable plan/ interest rate for home loan.