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Anonymous
I am a little short on the cash for the down payment of buying a house, I want to apply for a personal loan to cover it. Will it affect my overall housing loan?
Thanks!
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Yes, the personal loan will be count in the total debt servicing ratio (TDSR) threshold of 60%.
Monthly debt obligations count towards calculating a borrower's TDSR. For example, if a borrower has existing monthly debt obligations equal to 10% of their monthly income, then the maximum amount they can get for a property loan is based on 50% of their monthly income.
So depending on the monthly repayment amount on the personal loan, the amount that you can borrow for your housing loan is adjusted.
https://www.mas.gov.sg/regulation/explainers/td...