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TDSR waived for deferred mortgage payments

MAS clarifies various scenarios where total debt servicing ratio, mortgage servicing ratio and loan-to-value limits will not apply

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Kelly Ng

Kelly Ng

Published Tue, Apr 7, 2020 · 09:50 PM

    Singapore

    BUSINESSES that apply to defer payments for their secured property loans, as well as property owners doing so for residential mortgages, will not be subject to the total debt servicing ratio (TDSR), the Monetary Authority of Singapore (MAS) said on Tuesday.

    Businesses that have taken up mortgage equity withdrawal loans secured on residential or non-residential properties are also not subject to property curbs such as TDSR and loan-to-value (LTV) limits.

    Singapore propertyMonetary Authority of SingaporeCovid-19

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