+65 6100-8108


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Sunday, 24 September 2023

Developer hotline

+65 6100 8108

North Gaia EC Financing Information

Total Debt Servicing Ratio (TDSR)

Before purchasing a unit at North Gaia EC, do take some time to review the information below on TDSR.

TDSR 55 Per Cent

What is the Total Debt Servicing Ratio?

  • The Total Debt Servicing Ratio is a maximum threshold set by MAS. However, FIs may grant property loans to borrowers whose TDSR exceeds the threshold on an exceptional basis, subject to enhanced credit evaluation.
  • The TDSR threshold for property loans is set at a maximum of 55% of the borrower’s monthly income.
  • It applies to housing loans for the purchase of private properties and executive condominiums

Calculating TDSR 

  • Under the TSDR guidelines, your monthly monthly debt obligations and gross monthly income will be taken into account
  • A borrower’s TDSR is calculated using the following formula:
    • (Borrower’s total monthly debt obligations / Borrower’s gross monthly income) x 100%

Monthly Debt Obligations

Monthly debt includes all outstanding debt obligations:

  • Property-related loans, including the loan being applied for.
  • Car loans.
  • Student loans.
  • Renovation loans.
  • Credit card loans.
  • Any other secured or unsecured loans, including revolving loans.

For more details, please refer to the MAS website here: Total Debt Servicing Ratio for Property Loans

North Gaia EC