Residential Home Loan Regulations By MAS
|
First Loan |
Second Loan |
Third Loan |
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|---|---|---|---|---|---|---|---|---|---|
| Loan Tenure |
Up to 30 years |
31 to 35 years |
Up to 30 years |
31 to 35 years |
Up to 30 years |
31 to 35 years |
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| Age |
Age used to calculate loan tenure, will be based on income-weighted |
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|
Up to 65 |
Up to 70-75 |
Up to 70-75 |
Up to 65 |
Up to 70-75 |
Up to 70-75 |
Up to 65 |
Up to 70-75 |
Up to 70-75 |
|
| Maximum |
75% |
55% |
55% |
45% |
25% |
25% |
35% |
15% |
15% |
|
20% (non-individual) |
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| Minimum Cash Downpayment |
5% |
10% |
10% |
25% |
25% |
25% |
25% |
25% |
25% |
| Guarantors/Borrowers |
All co-borrowers must be mortgagors. Guarantors must be co-borrowers if the latter did not pass the TDSR criteria |
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| Mortgage Servicing Ratio |
N/A |
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| Total Debt Servicing Ratio |
60% |
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| Stress Test Interest Rate |
3.5% |
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