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Home Loan on S$5,000 Income in Singapore (TDSR & MSR)
On S$5,000 a month you can borrow up to about S$316k for an HDB flat with an HDB loan. See EC and private limits too.
1. You
2. The home and loan
Most you could borrow
S$316,315
| TDSR room (55% of income − other loans) | S$2,750/month |
| MSR room (30% of income) | S$1,500/month |
| Tested at 3% interest over 25 years | S$316,315 |
| Loan-to-value limit (75% of price) | S$450,000 |
| Downpayment needed | S$283,685 |
| Monthly instalment at 2.6% | S$1,435 |
Your limit is set by the Mortgage Servicing Ratio (30%). Banks and HDB use a higher test rate than your real rate, so you can afford the actual instalment more easily.
The limits
- TDSR: all your monthly loan repayments can be at most 55% of your gross monthly income.
- MSR: for HDB flats and new ECs, the home loan repayment can be at most 30% of gross income.
- Banks test with an interest rate of at least 4%; HDB tests HDB loans at 3%.
- Loan-to-value: up to 75% for a first housing loan, from a bank or HDB. The rest is paid in cash and CPF.
An estimate only; the bank or HDB decides your loan (HLE / AIP letter). Rules last checked October 2026. Not legal, tax or financial advice. 🔒 Everything stays on your device.
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How much you can borrow on S$5,000 a month
With a combined gross income of S$5,000 a month and no other loans, the most you could borrow is about S$316,315 for an HDB flat with an HDB loan, and about S$576,018 for private property from a bank.
For an HDB flat or new EC, the Mortgage Servicing Ratio limits your home loan repayment to S$1,500 a month (30%). For private property only the 55% TDSR applies, so the limit is S$2,750 a month, minus any car loan or other debts.
At today's HDB rate of 2.6%, the HDB loan above would cost about S$1,435 a month to repay, which is less than the limit because the test uses 3%.
| Home and loan | Max monthly repayment | Max loan |
|---|---|---|
| HDB flat, HDB loan (25 yrs, tested at 3%) | S$1,500 | S$316,315 |
| HDB flat, bank loan (25 yrs, tested at 4%) | S$1,500 | S$284,179 |
| New EC (30 yrs, tested at 4%) | S$1,500 | S$314,192 |
| Private property (30 yrs, tested at 4%) | S$2,750 | S$576,018 |
No other debts. Limits: TDSR 55% of income, MSR 30% for HDB flats and new ECs. The lender also caps the loan at 75% of the price and decides the final amount.
Questions people ask
What is TDSR in Singapore?+
The Total Debt Servicing Ratio: all your monthly loan repayments, including the new home loan, can be at most 55% of your gross monthly income.
What is MSR?+
The Mortgage Servicing Ratio applies to HDB flats and new Executive Condominiums: the home loan repayment can be at most 30% of your gross monthly income.
How much can I borrow for an HDB flat?+
Up to 75% of the price (since 20 August 2024), as long as the repayment, tested at 3% interest for an HDB loan, fits within 30% of your income.