Housing Loan Information

Residential Home Loan Regulations (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 TDS criteria
Mortgage Servicing Ratio N.A.
Total Debt Servicing Ratio 60%
Stress Test Interest Rate 3.5%

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    Piccadilly Grand, Proudly Developed By

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    Developer: City Developments Limited (CDL) and MCL Land Developer License No: TBA Tenure of Land: 99-years  Lot No: TS18-02853T
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