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15-7-2013 - TDSR
Total Debt Service Ratio. The MAS introduced the TDSR framework last month for property loans to prevent Singaporeans from over stretching their dollar. TDSR will take into account of the existing loan that the borrower has, e.g. car loans, property loans, student loans, which should not exceed 60% of the borrower's income. 
However only about 5% ~10% of the property loan borrowers who might be over leveraging. 
Give me a call at 91680007 on how this framework has an impact on your purchase of your dream property.

 

Posted on: 15-07-2013
Posted in: GENERAL