Loan Eligibility Calculator Singapore (2026)

For unsecured personal loans, MAS caps your aggregate interest-bearing unsecured debt (personal loans + carried credit card balances) at 12 times your monthly income. So if you earn S$5,000 a month, your total unsecured borrowing limit is about S$60,000 — minus whatever unsecured debt you already carry. Banks also apply the 55% Total Debt Servicing Ratio (TDSR) test on your monthly repayments. This calculator shows both limits and takes the lower of the two.

Since 1 June 2019, MAS limits how much unsecured credit a borrower can hold to 12 times their monthly income (the Balance-To-Income cap). Only interest-bearing unsecured debt counts — that means credit card balances you roll over and unsecured loans that accrue interest, not balances you pay in full each month. If your total unsecured debt would exceed 12× monthly income, banks are required to decline further unsecured credit.

Individuals with an annual income of at least S$120,000 (or net personal assets exceeding S$2 million) are exempt from the 12× unsecured borrowing limit. For exempt borrowers, the bank sets the limit based on its own credit risk assessment rather than the MAS multiple — so this calculator falls back to the TDSR affordability test.

Most banks require Singapore citizens and PRs to earn at least S$20,000–S$30,000 per year to qualify for an unsecured personal loan; the regulatory floor for extending unsecured credit is around S$20,000. Foreigners working in Singapore typically need S$40,000–S$60,000 per year. Below these thresholds, banks usually decline unsecured credit, though some digital banks and licensed moneylenders have different criteria.

TDSR (Total Debt Servicing Ratio) caps your total monthly debt repayments — across home loan, car loan, personal loan, and credit card minimums — at 55% of your gross monthly income. The headroom left after your existing repayments is what you can put toward a new loan. We convert that affordable monthly amount into a maximum loan using the standard present-value formula at your chosen EIR and tenure.

No. This is an estimate of your regulatory borrowing headroom. Banks layer their own credit scoring on top — your Credit Bureau Singapore (CBS) score, employment type, length of employment, existing banking relationship, and current promotions all affect the final offer. Use this calculator to gauge a realistic ballpark before you apply, so you avoid unnecessary hard credit inquiries.

Three levers: (1) Pay down existing interest-bearing unsecured debt — every dollar repaid restores a dollar of headroom under the 12× cap. (2) Reduce existing monthly loan repayments to free up TDSR room. (3) Increase documented income (a salary increment, declared bonuses, or rental income raises both the 12× cap and the TDSR ceiling). Avoid applying to many lenders at once, as multiple hard inquiries can lower your CBS score.