MAS Broadens TDSR Exemption – Loan Curbs Relaxed

MAS is relaxing load curbs under the existing Total Debt Servicing Ratio (TDSR) framework. This move comes after feedback from borrowers who face challenges refinancing loans for owner-occupied properties which were bought before the introduction of the TDSR rules. Borrowers with more than one property loan are now exempt from meeting the TDSR threshold of […]

MAS New Ruling on Housing Loan Briefing

Latest MAS Ruling on Housing Loan Total Debt Servicing Ratio (TDSR), 2013

The government has implemented a new MAS ruling on housing loans in Singapore last Saturday. Yesterday, I attended a company briefing held in conjunction with OCBC Bank to explain it in detail. Under the new regulations, a borrower’s Total Debt Servicing Ratio (TDSR) cannot exceed 60%. This means that a borrower’s total debt obligations (including […]