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 […]
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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 […]
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