MAS Notice 825 Residential Property Loans

Notices

Last Revised Date: 21 August 2025

Notice 825 Residential Property Loans

Rules for finance companies when granting residential property loans to individuals and non-individuals.

Property Loans

Issued pursuant to:

Finance Companies Act 1967 section 30

Applies to:

Finance Company

View Notice

Notice 825 Residential Property Loans

(241.2 KB)

This notice applies to all finance companies in Singapore. It sets out the requirements for finance companies to comply with when granting new and refinanced residential property loans, including loan-to-value limits and loan tenure rules.

22 Aug 2025

MAS Notice 825 (Amendment) 2025 (254.9 KB) takes effect.

06 Apr 2020

MAS Notice 825 (Amendment No. 2) 2020 (550.6 KB) takes effect.

18 Feb 2020

MAS Notice 825 (Amendment) 2020 (550.4 KB) takes effect.

06 Jul 2018

MAS Notice 825 (Amendment) 2018 (415.5 KB) takes effect.

12 Dec 2017

MAS Notice 825 (Amendment 2) 2017 (206.6 KB) takes effect.

11 Mar 2017

MAS Notice 825 (Amendment) 2017 (131 KB) takes effect.

10 Feb 2014 MAS Notice 825 (Amendment) 2014 takes effect. MAS Notice 825 last revised on 10 February 2014 (332 KB) .

28 Aug 2013 MAS Notice 825 dated 27 Aug 2013 takes effect.

28 Aug 2013

MAS Notice 825 dated 13 January 2011 and last revised on 28 Jun 2013 is cancelled.

Explains housing loan rules, including maximum limits on loan tenure, loan-to-value ratio, mortgage servicing ratio and total debt servicing ratio.

Explains mortgage equity withdrawal loan rules, including loan-to-value limits, tenure cap and other applicable rules such as total debt servicing ratio.

Singapore, 5 July 2018… The Government announced today adjustments to the Additional Buyer’s Stamp Duty (ABSD) rates and Loan-to-Value (LTV) limits on residential property purchases, to cool the property market and keep price increases in line with economic fundamentals. Status of the Private Housing Market 2. After...

Explains the loan tenure cap, loan-to-value and other requirements for refinanced housing loans.

Explains the application of MAS Notices on Housing Loans to borrowers who are individuals and who own residential property gazetted for acquisition.

Explains the application of MAS Notices on Housing Loans to borrowers who are individuals and who own residential property gazetted for acquisition.

Information paper on underwriting and lending practices of banks’ residential property loans business, including areas where underwriting and lending practices could be improved and sound practices observed during MAS’ thematic inspection in 2012.

Informs financial institutions to use the same valuation as CPF Board in computing the maximum loan amount under MAS’ Notices on Housing Loans.

Informs financial institutions that cash rebates offered for housing loans are not permitted under MAS’ housing loan rules.