LTV Singapore 2026: Bank and HDB Loan Limits Explained

Hand holding house keys with a house-shaped keychain in front of a staircase — The LTV limit decides how much of the price you must find yourself. Photo: Jakub Żerdzicki on Unsplash

At a glance

Bank loan, no other housing loan: 75%, or 55% for long tenures or past age 65
Bank loan, 1 outstanding loan: 45%, or 25%
Bank loan, 2 or more outstanding: 35%, or 15%
Minimum cash: 5% (at 75%), 10% (at 55%), 25% with any other housing loan
HDB loan: Up to 75% since 20 August 2024, pro-rated if the lease is short

The short answer

Loan-to-value (LTV) is the share of a home’s price that a lender may finance. In Singapore, MAS sets the limits for bank loans and HDB sets its own. On a first bank housing loan you can borrow up to 75% of the price or valuation, whichever is lower. With one housing loan already outstanding the limit is 45%, and with two or more it is 35%. A long tenure or a loan that runs past age 65 cuts each limit by 20 percentage points. HDB lends up to 75%. We checked these figures against MoneySense, MAS and HDB on 14 October 2026.

Bank LTV limits by number of loans

The bank counts how many housing loans you still owe on, not how many homes you own.

Outstanding housing loans	Standard LTV	Reduced LTV	Minimum cash downpayment
None	75%	55%	5% at 75%; 10% at 55%
1	45%	25%	25%
2 or more	35%	15%	25%

The standard column is the one most buyers get. The cash minimum is the part of the downpayment that can’t come from CPF. Everything between the loan and the cash minimum can be paid from your CPF Ordinary Account, subject to CPF’s usage limits. The downpayment calculator splits the bill for you.

When the lower LTV applies

You drop to the reduced column if either of these is true:

the loan tenure is longer than 30 years, or longer than 25 years for an HDB flat
the loan period runs past the borrower’s 65th birthday

MAS also caps tenure outright at 30 years for an HDB flat and 35 years for other homes. So a 35-year loan on a condo is allowed, but only at 55%.

The age test catches more people than the tenure test. A 40-year-old who wants a 30-year condo loan would be paying until 70, so the bank can lend only 55%. Shortening the tenure to 25 years keeps the 75%.

HDB loan LTV

HDB lends up to 75% of the price for a new flat, or 75% of the lower of the resale price and valuation for a resale flat. It was 80% until 20 August 2024. The cut applies to resale applications received from that date and to BTO flats from the October 2024 sales exercise.

Three HDB rules differ from the bank rules:

No cash minimum. The 25% downpayment can come from CPF, cash or both.
Tenure is the shortest of 25 years, 65 minus the average age of the buyers, or the remaining lease minus 20 years.
Short leases lower the loan. If the remaining lease doesn’t cover the youngest buyer to age 95, HDB pro-rates the 75% down.

HDB loans also need household income within the ceiling, S$16,000 a month for families and S$8,000 for singles from 24 August 2026. Our HDB loan vs bank loan guide compares the rest.

LTV is only one of three tests

A bank loan has to pass LTV and the debt ratios. For an HDB flat or EC, the instalment can’t exceed 30% of gross monthly income (MSR). For any property, all your debts together can’t exceed 55% (TDSR). Banks test both at a 4% interest rate floor, not today’s rate. You get the lowest of the three answers. Our TDSR guide works through the income side.

Worked example: a S$700,000 resale flat

A couple, both 45, buy a 4-room resale flat for S$700,000, valued at the same amount. They have no other housing loan and want a bank loan.

	20-year tenure	25-year tenure
Ends at age	65	70
LTV	75%	55%
Maximum loan	S$525,000	S$385,000
Downpayment	S$175,000	S$315,000
Of which cash, at least	S$35,000	S$70,000
Instalment at the 4% test rate	S$3,181	S$2,032
Income needed for 30% MSR	About S$10,600	About S$6,800

The longer tenure lowers the instalment but runs past 65, so the loan falls to 55% and the couple must find S$140,000 more upfront, S$35,000 of it in extra cash. If their income supports S$3,181 a month, the shorter loan is the cheaper way in. With an HDB loan the tenure would also be capped at 20 years (65 minus 45), and the whole S$175,000 could come from CPF.

What to check before you sign

Count your outstanding housing loans, including an HDB loan on a flat you haven’t sold yet.
Work out the age you’ll be when the loan ends.
Get the valuation before you agree a price, since any amount above it is cash.
Run the instalment through MSR or TDSR at 4%, not the advertised rate.

This page is general information from MAS, MoneySense and HDB, checked on 14 October 2026. Your bank or HDB decides your actual loan.

Common questions

What is the LTV limit for a first home loan in Singapore?

75% of the price or valuation, whichever is lower, if the tenure is 30 years or less (25 for an HDB flat) and the loan ends by age 65. Otherwise the limit is 55%. At 75% you pay at least 5% of the price in cash; at 55% the cash minimum is 10%.

What is the LTV for a second housing loan?

45%, or 25% for a long tenure or a loan past age 65. At least 25% of the price must be paid in cash. This is the limit an HDB owner faces when buying a condo while the HDB loan is still outstanding.

Did the HDB loan LTV change?

Yes. HDB cut its limit from 80% to 75% from 20 August 2024. It applies to resale applications received from that date and to BTO flats from the October 2024 exercise.

Is LTV based on the price or the valuation?

The lower of the two. If you pay above valuation on a resale flat, the extra amount, called cash over valuation, is paid fully in cash and doesn't raise the loan.

How can I keep the 75% LTV if I am in my 40s?

Shorten the tenure so the loan ends by age 65. A 45-year-old would need a tenure of 20 years. The monthly instalment is higher, so check that it still fits within the 30% MSR for an HDB flat or 55% TDSR.

Does paying off my HDB loan restore the 75% limit for a condo?

Yes, the LTV tier counts outstanding housing loans, so a fully repaid loan doesn't count. You still pay 20% ABSD as a citizen buying a second home, because ABSD counts properties owned, not loans.

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Sources

Facts on this page were checked against these sources on 14 October 2026.