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Anonymous
Assuming a 4K monthly income, what would be the max loan I could potentially borrow?
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Kenichi Xi
07 Jun 2019
nᴉʍ oʇ dǝnᴉʇsǝd 不能说的秘密 at Tag Team with Gabriel Tham
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In short your loan amount is limited by
#1 LTV which capped the max possible loan amount
#2 TDSR which dictates the actual loan amount that you can take within LTV limit
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Nicholas Woon
27 Sep 2018
Associate Division Director at ERA Realty Network Pte Ltd
Hi, the recent changes in the Loan-To-Value ratio was from 80% loan to 75% loan and it only applies ...
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The age counts.
Assuming you are single, 35yrs old, based on ur $4k salary.
The BTO is assumed to be priced at $239, 000
Without debt or including cpf, the estimated maximum amount you can borrow for BTO HDB flat is $319600 at TMSR 30% (for HDB or EC purchase only) and TDSR 30% (for all ppty type) for a Tenor of 25yrs.
The above calculations shows if you are single, got debts or bad credit score, you might not be able to borrow a decent amount.
Cpf will play a good part in helping you getting your loan and with Cpf grants.
What we can learn from the above is,
You can use this calculator as a guide when the need arise.
https://uniservices1.uobgroup.com/secure/online...
Hope my reply helps.
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Thank you.