Regulatory Alerts2020-11-06
Added
Notice 831A Computation of Total Debt Servicing Ratio for Property Loans
The Monetary Authority of Singapore issued Notice 831A to mandate all finance companies in Singapore to compute the total debt servicing ratio for property loans. The notice establishes the specific formula and parameters for calculating borrowers' monthly total debt obligations and gross monthly income. It also defines the regulatory limits on monthly repayment instalments for the purchase of HDB flats and executive condominiums.
Notices
Last Revised Date: 06 November 2020
Requirements for finance companies on computing the total debt servicing ratio (TDSR) for property loans.
Property Loans
Issued pursuant to:
Finance Companies Act (Cap. 108) section 30
Applies to:
Finance Company
View Notice
Notice 831A Computation of Total Debt Servicing Ratio for Property Loans
(93.2 KB)
This notice applies to all finance companies in Singapore. It sets out the formula and parameters for finance companies to compute the total debt servicing ratio, monthly total debt obligations and gross monthly income of borrowers. The notice also spells out the limit on monthly repayment instalments for the purchase of HDB flats and executive condominiums.
See explainers:
Total Debt Servicing Ratio for Property Loans
Rules for New Housing Loans
09 Nov 2020 MAS Notice 831A (Amendment No. 3) 2020 (99.6 KB) takes effect.
06 May 2020 MAS Notice 831A (Amendment No. 2) 2020 (257.5 KB) takes effect.
06 Apr 2020 MAS Notice 831A (Amendment) 2020
(255 KB) takes effect.
18 Feb 2020 MAS Notice 831A dated 17 Feb 2020 takes effect.