2025-08-21

Added 2026-07-10

Notice 1115 Computation of Total Debt Servicing Ratio for Property Loans

The Monetary Authority of Singapore issued Notice 1115 to prescribe the formula and parameters for merchant banks to compute the total debt servicing ratio, monthly total debt obligations, and gross monthly income of borrowers. The regulation establishes specific limits on monthly repayment instalments for the purchase of HDB flats and executive condominiums. This framework applies to all merchant banks in Singapore to ensure standardized underwriting practices for property loans.

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