Vela Bay TDSR Calculator

Before you visit a showflat or shortlist unit types, the first question to answer is how much you can actually borrow. In Singapore, every home loan is subject to the Total Debt Servicing Ratio (TDSR) framework, a regulatory cap set by the Monetary Authority of Singapore (MAS) that limits your total monthly debt repayments to 55% of your gross monthly income.

This applies to all borrowers regardless of which bank you approach. It includes not just your new mortgage, but also existing car loans, personal loans, renovation loans, student loans, and the minimum monthly repayment on any credit card balances. If your total commitments (existing plus proposed mortgage) exceed 55% of your gross income, the loan will not be approved, no exceptions.

For TDSR computation, MAS also imposes a minimum stress-test interest rate of 4.0% per annum, even if the bank's actual rate is lower. This ensures borrowers can still service their loan if interest rates rise. Additionally, the Loan-to-Value (LTV) ratio determines the maximum percentage of the property price you can finance, 75% for your first property with no outstanding housing loans, dropping to 45% for a second property and 35% for a third or subsequent.

The calculator below lets you input your income, existing loan obligations, preferred tenure, and property number to see your maximum eligible loan amount and the corresponding property price you can afford.