MSR (Mortgage Servicing Ratio) was introduced by MAS (Monetary Authority of Singapore) to ensure that borrowers do not over-leverage themselves and take on more loans than they can afford to pay back. That includes all types of loans including, but not limited to housing loans, car loans, credit card outstandings and so on.
As a general guideline a borrower is allowed to spend a maximum of 30% of his/her monthly income (if it is fixed like a salary, for variable income like business income haircuts will be applied) on repayment of loans for HDB and EC flats. Our calculator can help you to give you an estimation (but we cannot give legal advise) on how much you can approximately afford to borrow to buy a property and stay within the MSR limits. If in doubt, please schedule an appointment with us.
Book Your Free Consultation Appointment To Get Your Personalized Property Strategy For Your Individual Situation.
Please Fill Up The Form On The Right (Computer) Or Below (Mobile) And We Will Get In Touch With You As Soon As Possible To Confirm Timing And Venue.
Strictly No Spam Policy. Your Data Is 100% Secure And Will Never Be Given To Anybody Else.