Regulatory Alerts2025-08-21
Added
Notice 645 Computation of Total Debt Servicing Ratio for Property Loans
The Monetary Authority of Singapore issued Notice 645 to establish the formula and parameters for banks to compute the total debt servicing ratio for property loans. This regulation mandates that financial institutions calculate borrowers' monthly total debt obligations and gross monthly income to ensure responsible lending practices. It also specifies the limits on monthly repayment instalments for the purchase of HDB flats and executive condominiums.
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