Singapore Residential Property Bank Loan Calculator & Progressive Payment Schedule

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Quick Bank Loan EligibilityBank Loan Eligibility: Do You need to Pay ABSD?Initial Cash OutlayProgressive PaymentConstruction StagesMonthly Instalment ($)Do You Need Help?

What’s Your Bank Loan Eligibility?

Checkout your bank loan eligibility using our user friendly mortgage calculator based on latest guideline by MAS (Monetary of Singapore).

Calculator: SIngapore Quick Bank Loan Eligibility Check/ Progressive Payment Calculator – Final

Singapore Quick Bank Loan Eligibility Check
+
Progressive Payment Calculator

Created by MySgProp

Quick Bank Loan Eligibility

Applicant 1

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Bank Loan Eligibility: 

Singapore Progressive Payment Calculator

 

Financing:

 

75
4
30

!Important: Loan Tenure should NOT exceed “Max Loan Tenure” as shown in following:

Hooray! Your income is enough to cover the minimum requirements.
You don’t need to do Pledge / Unpledge. 

Your estimated monthly instalment is $


Based on total loan amount of $ at interest rate of % for years
 

Singapore Bank Loan LTV

Do You need to Pay ABSD?

There are several ways of avoiding/ minimising the ABSD rate through legacy approaches. But this is pretty much depending on your current status.

Do share with us your scenario and let us recommend you the best solution. 

Tips: 

Nationality, Property Count & Rate:
SC: 1st 0% | 2nd 20% | 3rd or more 30%
PR: 1st 5% | 2nd 30% | 3rd or more 35%
Foreigner: 60% Flat Rate
Entity/ Trustees: 65% Flat Rate

If joint-purchase, ABSD based on the person whoever is on the higher rate. 

Your Payable ABSD Amount is $

Based on total purchase price of $ 

Initial Cash Outlay

Inclusive of Taxes, but exclusive of Legal Fee which typically at $2500-3500. 


We do have long-term partnership with various law firms, which you could enjoy the preferential rate via our recommendations. 

Total Amount Payable Within 8 Weeks is $

During the construction, you will need to pay $

Total Amount Required (initial + construction): $

Breakdown of payment: 

Total Cash + CPF required on top of bank loan: 

Singapore Bank Loan LTV

Progressive Payment

Based on the Loan of %, or total loan amount of $ at interest rate of % for years, the following is the example of progressive payment for illustration purpose.

Take note if you have a fractional Loan %, it will auto round down to 80% / 75% / 65% / 60% / 55% / 50% / 45% / 40% / 15% / 0%,  to align with construction stages and ease the calculation for illustration purpose. 

Construction Stages

Amount ($)

Monthly Instalment ($)

5% Foundation/ 地基

5% Foundation/ 地基 (9 ~ 12 months)

10%: Framework/ 框架 (3 ~ 6 months)

5%: Walls/ 墙壁 (3 ~ 6 months)

5%: Ceiling/ 天花板 (3 ~ 6 months)

5%: Door & window/ 门窗 (3 ~ 6 months)

5%: Roads /道路 (3 ~ 6 months)

25%: Vacant Possession/ 拿锁匙 (9 ~ 12 months)

15%: Legal Completion/ 法定完工 (Till end of Loan Tenure)

Singapore EC Progressive Payment vs Deferred Payment

Disclaimer:
* The calculator/ results here are provided as general guideline for information only.
* All information provided have been treated with care based on Latest Policy set out by authorities/ financial institutions, and MySgProp.com should not be liable for any inaccuracy. 
* Should you need any clarifications, please contact us for more information. 

Do You Need Help?

Getting a property has many things to consider including the buying eligibility, loan restriction, income ceiling…etc. You might get confused, especially if you’re 1st time buying. 

Our teams are well-trained in financing. Shall you need help, do get in touch with us.
We are direct developer representative. Let us help you and get the best price/ discount for you.
No Agent Fee Required. 

Singapore’s property market is constantly evolving, with cooling measures updated every 6 to 12 months to keep prices aligned with economic fundamentals. These changes can happen unexpectedly and may significantly affect your buying power, loan eligibility, and overall costs. Delaying your purchase could mean paying more or losing access to financing options available today.

One key factor to consider is age. As you grow older, banks shorten your loan tenure, reducing the maximum loan amount you can secure. This means that waiting too long may result in higher monthly repayments or lower affordability, limiting your options when choosing your ideal home or investment property.

Taking action early allows you to maximize financing options, lock in favorable interest rates, and benefit from current market conditions before new policies take effect. Whether you’re a first-time buyer, investor, or upgrading your home, staying informed and proactive ensures you make the best decision at the right time.

At MySgProp.com, we provide up-to-date insights and expert guidance to help you navigate Singapore’s dynamic property market. From the latest new launches to financing strategies, we’re here to support you every step of the way.

Disclaimer:
The calculator and results provided are general guidelines for informational purposes only. While we take great care to ensure accuracy based on the latest policies from authorities and financial institutions, MySgProp.com shall not be liable for any inaccuracies. For clarifications, please contact us directly.

Take Action Before New Measures/ Aging Impact Your Property Purchase! Explore the latest New Launches in the Market

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Disclaimer: The information is for public education purpose and not for advertisement/ sales purpose. The information subject to change as may be required. All information provided have been treated with care and developer and/or marketing agent should not be liable for any inaccuracy

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