What’s Your Bank Loan Eligibility?
Singapore cooling measures are coming out usually every 6-12 months. This is to ensure the property price align with fundamental of economics. Do take action as soon as you’re ready to avoid uncertainty in the rulings which could affect your affordability or cost you more to own one.
Recent Cooling Measures which affecting the Loan Eligibility:
27th Apr 2023:
Overall, SC & PR 1st property are not affected, but up 3~5% for 2nd / 3rd property. i.e 20% for 2nd prop for SC.
Foreigner/ Entities up another 30%, i.e 60% or 65% if buying under company.

14th Feb 2023:
Marginal increased of Buyer Stamp Duty (BSD) based on price range. All property for price above $1,500,000 will be affected. E.g. For property price range from $1.5mil to $3mil, the additional amount for stamp duty will be increased by $1,000 for every $100K more in purchase price.
30th Sept 2022:
The effective interest rate factor used to calculate Bank Loan Eligibility had changed from 3.5% to 4%. This is to ensure a prudent borrowing and healthy property market. In a nutshell, your loan eligibility is reduced by 4-6% after the new formula.
We provide here a mortgage calculator based on latest guideline by MAS (Monetary of Singapore) to have you have a quick check on loan eligibility. Shall you need more help/ clarification, do feel free to approach us for further assistance.