Regulatory Alerts2025-08-21
Added
Notice 831 Computation of Total Debt Servicing Ratio for Property Loans
The Monetary Authority of Singapore issues this notice to establish the formula and parameters for finance companies to compute the total debt servicing ratio for property loans. It mandates the calculation of borrowers' monthly total debt obligations and gross monthly income while specifying limits on monthly repayment instalments for HDB flats and executive condominiums. This regulatory framework applies to all finance companies in Singapore to ensure prudent lending practices for residential property acquisitions.
Topics
Share