Loan-to-Value (LTV) Calculator (2026)
Check your maximum loan amount and minimum downpayment based on Singapore's LTV limits.
What is Loan-to-Value (LTV)?
The Loan-to-Value (LTV) ratio is the maximum percentage of a property's value that a lender will finance. In Singapore, LTV limits are set by MAS and determine how much you can borrow and how much downpayment you need for your property purchase.
Enter property details to calculate your Loan-to-Value ratio.
Quick Reference
- • HDB concessionary loan (1st property): 80% LTV, 20% downpayment (fully CPF eligible)
- • Bank loan (1st property): 75% LTV, 25% downpayment (min 5% cash)
- • 2nd outstanding housing loan: 45% LTV, 55% downpayment (min 25% cash)
- • 3rd+ outstanding housing loan: 35% LTV, 65% downpayment (min 25% cash)
How LTV Limits Work in Singapore
The Loan-to-Value (LTV) ratio determines the maximum percentage of your property's value that a lender will finance. Singapore's LTV limits are set by MAS and vary based on the loan type and the number of outstanding housing loans you have.
For your first housing loan, HDB concessionary loans allow up to 80% LTV, while bank loans cap at 75%. The remaining amount must be covered by your downpayment, which can be a combination of cash and CPF depending on the loan type.
LTV limits decrease significantly for subsequent properties. If you have one outstanding housing loan, the LTV drops to 45%. With two or more outstanding loans, the limit falls to 35%. These progressive limits are part of Singapore's property cooling measures.
LTV Limits Summary
HDB Loan (1st Property): 80% LTV
20% downpayment, can use CPF OA fully
Bank Loan (1st Property): 75% LTV
25% downpayment, min 5% in cash
2nd Outstanding Loan: 45% LTV
55% downpayment, min 25% in cash
3rd+ Outstanding Loan: 35% LTV
65% downpayment, min 25% in cash
Frequently Asked Questions
What is the LTV limit for HDB loans vs bank loans?expand_more
For HDB concessionary loans, the LTV limit is 80% of the purchase price or valuation (whichever is lower). For bank loans on HDB flats or private property, the LTV limit is 75%. This means you need a minimum downpayment of 20% for HDB loans and 25% for bank loans on your first property.
How does LTV change for a second property?expand_more
For a second outstanding housing loan, the LTV limit drops to 45% for bank loans (with at least 25% in cash). For a third or subsequent outstanding housing loan, the LTV is further reduced to 35% (with at least 25% in cash). These rules are designed to promote financial prudence.
What are the cash downpayment requirements?expand_more
For your first housing loan with a bank, at least 5% of the purchase price must be paid in cash, with the remaining 20% payable via CPF or cash. For the second housing loan, at least 25% must be in cash. HDB loans require a 20% downpayment which can be fully paid from CPF OA.
Does the LTV limit apply to the purchase price or valuation?expand_more
The LTV limit applies to the lower of the purchase price or the valuation of the property. If you buy above valuation, you will need to pay the difference (known as Cash Over Valuation or COV) entirely in cash on top of the required downpayment.
Sources
- • MAS — Loan-to-Value limits for residential property loans (mas.gov.sg)
- • HDB — HDB loan eligibility and financing conditions (hdb.gov.sg)