For PR First-Time Buyers:

• Bank loan: Maximum 75% of property value/price
• Down payment: 25% of property value
  • Minimum 5% must be in cash
  • Remaining 20% can be paid using CPF or cash
• ABSD (Additional Buyer's Stamp Duty): 5% for first-time PR buyers
• Agent fee is typically 1-2% of property price (negotiable)

Note: Must be a PR for at least 3 years before purchasing

TDSR is a framework that limits your total monthly debt obligations to 55% of your gross monthly income.

Includes:

• Housing loan payments
• Car loans
• Personal loans
• Credit card debts
• Student loans
• Any other debt payments

For example, if your monthly income is $5,000, your total monthly debt payments cannot exceed $2,750.

Note: You can include combined household income if applying as a family

MSR is a restriction specific to HDB property loans that limits your monthly mortgage payment to 30% of your gross monthly income.

Key Points:

• Applies only to HDB loans
• Based on gross monthly income
• Considers only the housing loan payment
• Can use combined income for family applications

For example, if your monthly income is $5,000, your monthly housing loan payment cannot exceed $1,500.

Note: Both TDSR and MSR limits must be met to qualify for the loan