Calculate monthly repayments, total interest and check TDSR/MSR limits for HDB and private property loans in SGD.
On a S$720,000 home loan at 3.5% interest over 25 years, your monthly repayment is approximately S$3,604, with about S$361,200 total interest. To qualify, your gross monthly income must be at least S$6,553 under the 55% TDSR limit (or S$12,013 for an HDB flat under the 30% MSR).
Estimated monthly repayments at 3.5% interest across common loan amounts and tenures (principal and interest).
| Loan Amount | 25 Years | 30 Years | 20 Years | Total Interest (25yr) |
|---|---|---|---|---|
| S$400,000 | S$2,002 | S$1,796 | S$2,320 | S$200,660 |
| S$500,000 | S$2,503 | S$2,245 | S$2,900 | S$250,825 |
| S$600,000 | S$3,003 | S$2,694 | S$3,480 | S$300,990 |
| S$720,000 | S$3,604 | S$3,233 | S$4,176 | S$361,188 |
| S$900,000 | S$4,505 | S$4,041 | S$5,220 | S$451,485 |
| S$1,200,000 | S$6,007 | S$5,388 | S$6,960 | S$601,980 |
Based on 3.5% annual interest. Bank loan rates in 2026 range from 3% to 4.5%; HDB concessionary rate is 2.6%.
| Property Type | Rule | Limit | Min. Gross Monthly Income |
|---|---|---|---|
| Private property / condo | TDSR | 55% | S$6,553 |
| HDB flat / EC | MSR (+ TDSR) | 30% | S$12,013 |
MSR is stricter — HDB/EC buyers need higher income for the same loan. Existing debts reduce your available limit further.
| Rate | Monthly Payment | Total Interest | Loan Type |
|---|---|---|---|
| 2.6% | S$3,268 | S$260,400 | HDB concessionary |
| 3.0% | S$3,414 | S$304,200 | Low bank rate |
| 3.5% | S$3,604 | S$361,200 | Typical bank rate |
| 4.0% | S$3,800 | S$420,000 | Higher bank rate |
| 4.5% | S$4,002 | S$480,600 | Premium bank rate |
In Singapore, home loans are regulated by the Monetary Authority of Singapore (MAS). The Total Debt Servicing Ratio (TDSR) limits your total monthly debt repayments to 55% of your gross monthly income. The Mortgage Servicing Ratio (MSR) applies specifically to HDB flats and Executive Condominiums (ECs), limiting mortgage repayments to 30% of gross income — this is on top of the TDSR, making it the binding limit for HDB buyers.
Singapore home loan rates in 2026 typically range from 3% to 4.5% for bank loans. HDB concessionary loans are available at 2.6% (0.1% above the CPF OA rate of 2.5%). CPF Ordinary Account savings can be used for down payments and monthly repayments, subject to CPF usage rules, the Valuation Limit and the Withdrawal Limit.
The maximum loan-to-value (LTV) for a first bank loan is 75%, meaning you need at least a 25% down payment (5% in cash, 20% via cash or CPF). Longer tenures — beyond 30 years for private property or 25 years for HDB — reduce the maximum LTV and increase the cash portion required. Use our CPF Calculator to see how much CPF OA you can put toward your purchase.
Buying a S$900,000 private condo with a 20% down payment (S$180,000) means a S$720,000 loan. At 3.5% over 25 years, the monthly repayment is approximately S$3,604 with S$361,200 total interest. To pass the 55% TDSR (assuming no other debts), you'd need a gross monthly income of at least S$6,553. Reducing the tenure to 20 years raises the payment to S$4,176 but cuts total interest by roughly S$60,000.
The Total Debt Servicing Ratio (TDSR) is 55% of gross monthly income. All your monthly debt repayments — home loan, car loan, credit cards and other loans — cannot exceed 55% of your gross income. This is set by MAS and applies to all property loans.
On a S$720,000 home loan at 3.5% interest over 25 years, the monthly repayment is approximately S$3,604. Over the life of the loan you would pay about S$361,200 in total interest. A 20-year tenure raises the payment to ~S$4,176 but reduces total interest.
Yes. You can use CPF Ordinary Account (OA) savings for the down payment and monthly repayments. However, CPF usage is subject to the Valuation Limit and Withdrawal Limit, which cap the total CPF you can use on a property.
For private property, the minimum down payment is 25% of the purchase price — at least 5% in cash, and the remaining 20% can be paid using CPF OA savings. The maximum bank loan (LTV) is 75% of the property value.
The Mortgage Servicing Ratio (MSR) limits mortgage repayments to 30% of gross monthly income. It applies to HDB flats and Executive Condominiums only, in addition to the 55% TDSR. Private property is subject to TDSR only.
The HDB concessionary loan rate is 2.6% (0.1% above the CPF Ordinary Account rate of 2.5%). It's available to eligible HDB buyers and is typically lower than bank loan rates, which range from 3% to 4.5% in 2026.
For HDB flats: 25 years (HDB loan) or 30 years (bank loan). For private property: 35 years. However, tenures beyond 30 years (private) or 25 years (HDB) reduce the maximum LTV and increase the cash down payment required.
Total Debt Servicing Ratio cannot exceed 55% of gross income. Existing car loans, credit card debt and personal loans all count — pay these down before applying to maximise your home loan eligibility.
For HDB flats and Executive Condominiums, the 30% MSR is stricter than the 55% TDSR and usually the binding limit. You'll need a higher income for the same loan compared to private property.
You can use CPF Ordinary Account savings for the down payment (up to 20% of the 25% required) and monthly repayments — but keep some CPF for retirement and factor in accrued interest you must refund on sale.
The HDB concessionary rate (2.6%) is stable but higher than the lowest bank rates. Bank loans can be cheaper initially but fluctuate. Compare total cost over your intended holding period, not just the headline rate.
TDSR applies when refinancing too. If your income has dropped or debts increased since purchase, you may fail TDSR on refinancing — plan ahead before your lock-in period ends.
Buyer's Stamp Duty (up to 6%) and Additional Buyer's Stamp Duty (for second+ properties or foreigners) add significantly to upfront costs. Budget for these separately from your down payment.