Guide · Singapore
How much home loan can I borrow on my salary?
A useful rule of thumb: for an HDB flat, your monthly repayment is capped at 30% of gross income (MSR). Here's a rough loan ceiling by salary — but your real number depends on tenure, other debts, and the property's value, so treat this as a ballpark and use the calculator for an exact figure.
What sets the limit
Your maximum loan is the lowest of three caps: MSR (30% of income, HDB/EC), TDSR (55% of income across all debts), and LTV (75% of the property's value).
All of them are stress-tested at a 4% interest-rate floor, not your actual rate — so the bank's figure is usually lower than a quick sum suggests.
Rough HDB loan by salary (no other debts)
These assume an HDB flat (MSR-bound), a 25-year tenure, no other debts, and the 4% stress rate. They're ceilings, not promises.
S$4,000/month income → about S$225,000
S$5,000/month → about S$285,000
S$6,000/month → about S$340,000
S$8,000/month → about S$455,000
S$10,000/month → about S$570,000
S$12,000/month → about S$680,000
Private property usually allows more
Private homes aren't subject to MSR — only TDSR (55%) — so at the same income you can often support a larger loan than for an HDB flat.
But the LTV cap (75% of price) still applies, so for an expensive home the deposit, not income, may become the real constraint.
What changes your number
Tenure: a longer tenure lowers the monthly instalment and lifts the loan — up to 30 years for HDB, 35 for private, with LTV stepping down past those or beyond age 65.
Other debts: car, personal, and credit-card commitments eat into your TDSR headroom.
Joint income: a co-applicant's income is combined (variable income is recognised at 70%).
Frequently asked
How much home loan can I get on a $5,000 salary?
Roughly S$285,000 for an HDB flat (MSR 30% over 25 years at the 4% stress rate, no other debts). Existing debts lower it; a longer tenure or joint income raises it.
How much can I borrow on $8,000?
Around S$455,000 for an HDB flat on the same assumptions — and potentially more for private property, where only TDSR applies (subject to the 75% LTV cap on the price).
Does a higher salary always mean a bigger loan?
Not always — the loan is also capped at 75% of the property's value (LTV). Past that point, your downpayment, not your income, is the limit.
See your own numbers
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Calculate your exact limit →Estimates only — not financial advice. Final figures depend on the bank’s assessment. Rules current as of 2026-06-10.