How does TDSR work in Singapore?
The Total Debt Servicing Ratio (TDSR) caps your total monthly debt repayments at 55% of your gross monthly income. It applies to all property loans from financial institutions in Singapore. This means every debt obligation — including the new property loan you are applying for — must together stay within that 55% limit. The framework has applied since 16 December 2021.
The full rules
TDSR at a glance
| Item | Detail |
| Maximum TDSR | 55% of gross monthly income |
| Applies to | All property loans from financial institutions |
| In effect since | 16 December 2021 |
What this means
- Your total monthly debt repayments must not exceed 55% of your gross monthly income.
- The cap covers all property loans taken from financial institutions.
- The current 55% limit has applied since 16 December 2021.
> Note: The specific list of debts counted, income haircuts, and stress-test interest rates are not covered in the data provided here. Check the MAS source below for those details.
Worked example
Worked example
Suppose your gross monthly income is S$10,000.
| Step | Calculation | Result |
| Apply TDSR cap | S$10,000 × 55% | S$5,500 |
| Maximum total monthly debt | — | S$5,500 |
Under TDSR, all your monthly debt repayments combined — including the new property loan — cannot exceed S$5,500. If your existing debts already total S$2,000 a month, the most you could put towards the new property loan repayment would be S$3,500 a month.
What this means for you
First-time buyer with no other loans
With no existing debts, your full 55% headroom is available for the property loan repayment.
Buyer with an existing car loan
Your car loan repayment counts towards the 55% cap, leaving less room for the property loan.
Buyer with multiple property loans
All property loans from financial institutions fall under TDSR, so every existing loan reduces your available headroom under the 55% limit.
Related questions
What is the maximum TDSR in Singapore?
The maximum TDSR is 55% of your gross monthly income. Your total monthly debt repayments must not exceed this limit.
What loans does TDSR apply to?
TDSR applies to all property loans from financial institutions in Singapore.
Since when has the 55% TDSR limit applied?
The 55% TDSR limit has applied since 16 December 2021.
Does TDSR include my new property loan?
Yes. Your total monthly debt repayments — including the new property loan you are applying for — must together stay within the 55% cap.
More answers: What is the difference between MSR and TDSR? · What salary do I need to buy a 1 million dollar condo? · What salary do I need to buy a 1.5 million dollar condo? · What salary do I need to buy a 2 million dollar condo?
Sources: MAS — Total Debt Servicing Ratio · Last verified 2026-09-05