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Singapore Residential Property Bank Loan Calculator & Progressive Payment Schedule

What’s Your Bank Loan Eligibility?

Singapore’s property market cooling measures are updated every 6 to 12 months to keep prices aligned with economic fundamentals. As these measures can change unexpectedly, waiting could affect your buying power or increase your costs.

Additionally, as you age, your loan eligibility diminishes due to shorter loan tenures, potentially reducing the amount you can borrow.

Act now while the current rules still work in your favor. Secure your dream property before any new measures or changes make it more difficult or expensive. Don’t let uncertainty cost you your future home!

Take Action Before New Measures/ Aging Impact Your Property Purchase!
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


Applicant 2


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. 



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