Advertisement

Anonymous

10 Jun 2020

∙

Will credit card debt reduce the loan limit one is able to get when applying for HDB loan?

1

Discussion (1)

What are your thoughts?

Learn how to style your text

YT

10 Jun 2020

The maximum loan repayment period for HDB loans is 65 years minus buyer's age or 30 years, whichever is shorter.
Total Debt Servicing Ratio calculates the percentage of your income that can go into servicing your loan. At present, the highest TDSR is 60%.

If you have significant credit card debt and/or nearing 65 years old, then your loan limit will be affected.

Reply

Save

Write your thoughts

Related Posts

If I have credit card debt, is it better to get a loan from the bank to pay off the credit card debt knowing loan interest rate is lower than credit card interest rate? ?

Is it better to get a loan from the bank to pay off the credit card debt knowing loan interest rate is lower than credit card interest rate?

Is it better to get a loan from the bank to pay off credit card debt because the loan interest rate is lower than the credit card interest rate?

Is it better to get a loan from the bank to pay off the credit card debt knowing the loan interest rate is lower than the credit card interest rate?

Hi All, I have debt of 49k, my annual income is 55k, i am a PR, half of my debt is credit card, the rest are personal loans. PLoans debt are fine and is reducing, my cc loan is worrying me.?

Related Products

Standard Chartered Simply Cash Credit Card

4.2

170 Reviews

Standard Chartered Simply Cash Credit Card

Up to 1.5% on eligible spend

CASHBACK

Unlimited

CASHBACK CAP

$30,000

MINIMUM ANNUAL INCOME

UOB One Card

4.1

162 Reviews

DBS Altitude Visa Signature Card

4.3

97 Reviews

Related Posts

If I have credit card debt, is it better to get a loan from the bank to pay off the credit card debt knowing loan interest rate is lower than credit card interest rate? ?

Is it better to get a loan from the bank to pay off the credit card debt knowing loan interest rate is lower than credit card interest rate?

Is it better to get a loan from the bank to pay off credit card debt because the loan interest rate is lower than the credit card interest rate?

Is it better to get a loan from the bank to pay off the credit card debt knowing the loan interest rate is lower than the credit card interest rate?

Hi All, I have debt of 49k, my annual income is 55k, i am a PR, half of my debt is credit card, the rest are personal loans. PLoans debt are fine and is reducing, my cc loan is worrying me.?

Advertisement