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

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Anonymous

10 Jun 2020

Property

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

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  • 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.​​​

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