Residential Housing Loan Regulation (MAS)
| First Loan | Second Loan | Third Loan | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Tenure | Up to 30 years | 31-35 years | Up to 30 years | 31-35 years | Up to 30 years | 31-35 years | |||
| Age | Age used to calculate loan tenure, will be based on income-weighted | ||||||||
| Up to 65 | Up to 70-75 | Up to 70-75 | Up to 65 | Up to 70-75 | Up to 70-75 | Up to 65 | Up to 70-75 | Up to 70-75 | |
| Maximum LTV Limit | 75% | 55% | 55% | 45% | 25% | 25% | 35% | 15% | 15% |
| 20% (non-individuals) | |||||||||
| Minimum Cash Downpayment | 5% | 10% | 10% | 25% | 25% | 25% | 25% | 25% | 25% |
| Gaurantors / Co-borrowers | All Co-borrowers must be mortgagors. Guarantors must be co-borrowers if the latter did not pass the TDSR criteria | ||||||||
| Mortgage Servicing Ratio | N/A | ||||||||
| Total Debt Servicing Ratio | 55% | ||||||||
| Stress Test Interest Rate | 4% | ||||||||
Official Housing Loan Information for Tengah Garden Residences. The calculations follow regulations by Monetary Authority of Singapore (MAS) with regards to the purchase of residential properties in Singapore.
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The housing loan information shared in relation to this condo launch is intended solely for general reference and does not constitute financial advice or a formal credit offer from any bank or financial institution. The developer, along with its agents and affiliates, makes no assurances regarding the accuracy, completeness, or relevance of the housing loan details provided, including but not limited to interest rates, loan terms, or eligibility requirements. All such information is subject to change at the discretion of financial institutions and may vary depending on shifts in market conditions and economic policies without prior notice.
Prospective buyers are strongly advised to conduct their own independent research and seek professional guidance from qualified financial advisors or representatives of lending institutions. Housing loan eligibility and financing terms are highly individualized and depend on numerous factors such as income, debt levels, credit scores, and lender-specific criteria.
The developer does not accept any responsibility for decisions made based on the housing loan information presented. Users of this information acknowledge and accept that it is their own responsibility to verify its accuracy and relevance to their personal financial circumstances. Any reliance on such information is at the user’s own risk. The developer, its representatives, and associated parties shall not be held liable for any inaccuracies, omissions, or outcomes resulting from the use of this content.
This notice serves as a reminder that financial landscapes, regulatory guidelines, and market trends are subject to change. These changes may influence the availability, terms, and suitability of housing loans. Therefore, it is essential that all interested buyers make informed decisions supported by the most current and comprehensive financial advice available.
