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%|
|Minimum Cash Downpayment||5%||10%||10%||25%||25%||25%||25%||25%||25%|
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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Developer: City Developments Limited (CDL) and MCL Land Developer License No: TBA Tenure of Land: 99-years Lot No: TS18-02853T