* Lower LTV limit is applied if the loan tenure exceeds 30 years for private homes (or 25 years for HDB flats), or the loan period extends beyond the borrower’s age of 65 years
As explained by the Monetary Authority of Singapore, the LTV refers to ‘The maximum amount that an individual can borrow for a housing loan from a financial institution (FI) based on the loan tenure, borrower’s age, borrower’s existing loans and whether the borrower is a shell company.’
This limit (refer to table above) was first realised in a bid to curb over-borrowing from homebuyers alongside the Total Debt Servicing Ratio (TDSR), and the current LTV limit where the Option To Purchase (OTP) is
