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Maximum Loan Quantum for Residential Properties in Singapore

 

In Singapore, banks are allowed to finance property purchase up to 75% of the property price or valuation, whichever is lower. This is also known as the Maximum Loan Quantum or Loan-to-Value (LTV) ratio. Minimum 5% cash down payment is required. The rest of the down payment can be paid by CPF &/or cash.

If your required loan does not exceed 55% LTV, you can opt for longer loan period (up to age 70/75 years) capped at 30 years (for HDB)/35 years for private property, provided you are able to pay at least 10% cash down payment.

However, if you already have an existing property loan, banks can only finance up to 45% LTV. This is further reduced to 35% if you have 2 or more existing property loans. Minimum cash down payment is 25%.

The  Maximum Loan Quantum, Minimum Cash Down Payment and Loan Period for Individual and Corporate Borrowers are summarized in the table below.

 

Individual Borrower

Corporate Borrower

 

With Zero
Outstanding Loan

With 1
Outstanding Loan

With 2 or more
Outstanding Loans

 
PRIVATE PROPERTY - Up to 30 years tenor

Max. Loan Quantum

Min. Cash Down Payment

75%

5%

45%

25%

35%

25%

15%

85%

PRIVATE PROPERTY - Up to 35 years tenor

Max. Loan Quantum

Min. Cash Down Payment

55%

10%

25%

25%

15%

25%

15%

85%

HDB FLAT - Up to 25 years tenor

Max. Loan Quantum

Min. Cash Down Payment

75%

5%

45%

25%

35%

25%

N.A.

HDB FLAT - Up to 30 years tenor

Max. Loan Quantum

Min. Cash Down Payment

55%

10%

25%

25%

15%

25%

N.A.

With effect from 6 Jul 2018

Back to Your Guide to Housing Loan in Singapore

 

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