How does TDSR work in Singapore?
The Total Debt Servicing Ratio (TDSR) limits your total monthly debt repayments to 55% of your gross monthly income. It applies to all property loans from financial institutions in Singapore. This includes your new home loan plus any other debts such as car loans, personal loans and credit card commitments. If your total obligations exceed 55% of income, your loan will be capped accordingly.
The full rules
TDSR at a glance
| Item | Detail |
| Maximum ratio | 55% of gross monthly income |
| Applies to | All property loans from financial institutions |
| In force since | 16 December 2021 |
What this means
TDSR caps your total monthly debt repayments at 55% of your gross monthly income. This cap covers your property loan repayment together with other monthly debt obligations (for example car loans, personal loans and credit card balances).
If your combined repayments would push you above 55%, the amount you can borrow for the property is reduced so you stay within the limit.
For how your specific income and debts are assessed, confirm the detailed calculation method with your bank or MAS.
Worked example
Worked example
Suppose your gross monthly income is $10,000.
| Step | Figure |
| Gross monthly income | $10,000 |
| TDSR ceiling (55%) | $5,500 |
| Existing car loan repayment | $800 |
| Existing personal loan repayment | $400 |
| Remaining for new home loan | $4,300 |
With $1,200 already committed to other debts, your new property loan repayment must not exceed $4,300 per month to keep total obligations within the 55% cap of $5,500.
What this means for you
If you have no other debts
Your full 55% ceiling is available for the property loan. On a $10,000 income, that is up to $5,500 a month towards repayments.
If you carry a car or personal loan
Those repayments count towards the 55% cap first, reducing what remains for your home loan. Clearing them before applying can raise your borrowing room.
If your income varies month to month
Banks may assess variable income differently. Check how your income will be treated with your lender before committing to a property.
Related questions
What is the maximum TDSR?
Your total monthly debt repayments cannot exceed 55% of your gross monthly income.
Which loans does TDSR apply to?
It applies to all property loans taken from financial institutions in Singapore.
Do my other debts affect my home loan?
Yes. Car loans, personal loans and credit card commitments count towards the 55% cap, reducing how much you can borrow for property.
Since when has the 55% limit applied?
The current 55% TDSR limit has been in force since 16 December 2021.
How is my income assessed for TDSR?
Assessment methods for income and debts can vary. Confirm the details with your bank or check with MAS.
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 2026-10-19