The Loan-to-Value (LTV) ratio determines the maximum home loan you can take for a property in Singapore. LTV ratio is applied to the lower of the purchase price or valuation. For most first residential housing loans, the maximum LTV is up to 75%, subject to loan tenure, borrower age, outstanding home loans and property type.
This guide focuses mainly on residential property LTV rules in Singapore, including HDB flats, private homes and executive condominiums. Non-residential properties, such as commercial or industrial units, may be assessed under different financing limits and bank criteria.
How Loan-to-Value (LTV) Works in Singapore
In simple terms, LTV determines how much of the purchase price or valuation can be covered by a housing loan, and how much you need to prepare as cash and/or CPF downpayment.
For example, if the applicable LTV limit is 75% and the property value is $1,000,000, the maximum loan based on LTV alone is $750,000. The remaining $250,000 must be funded through cash and/or CPF, of which at least 5% of the purchase price or valuation - $50,000 in this example - must be paid in cash.
However, LTV is only one part of your financing limit. Your final approved loan may still be lower if your income, existing debt obligations under TDSR, loan tenure, age profile or bank assessment does not support the repayment.
Loan-to-Value (LTV) Calculator
Use our LTV calculator to estimate the maximum home loan you may be able to take based on Singapore’s Loan-to-Value (LTV) rules. Your result depends on your property type, number of outstanding housing loans, loan tenure and whether the loan extends beyond the standard age or tenure limits.
This calculator focuses on the LTV limit only. Your final approved loan amount may also depend on income-based rules such as TDSR or MSR, credit assessment, property valuation and bank approval.
LTV is not the only factor that limits how much you can borrow. Banks also assess your income, debts and monthly repayment under TDSR or MSR rules to ensure the loan remains financially prudent.
*The figures generated by this calculator are estimates for general reference only. Actual loan eligibility, LTV limit, downpayment requirement and financing terms may vary depending on the bank’s assessment, property type, borrower profile, loan tenure, age, existing housing loans, CPF usage and prevailing regulations.
LTV Limits and Downpayment Requirements in Singapore
The Loan-to-Value (LTV) ratio determines the maximum percentage of a property's value that you can finance with a home loan in Singapore. The remaining amount must be covered through a minimum cash or CPF downpayment. These limits vary based on your loan count, whether you’re buying as an individual or company, and your loan tenure. Understanding these thresholds helps you plan your financing more effectively and avoid surprises when budgeting for your next property purchase.
LTV Limits Based on Loan Profile
The table below provides a summary of the LTV limits and minimum cash downpayment requirements in Singapore according to the borrower's loan profile.
| Loan Count and Profile | Standard Maximum LTV | Reduced LTV if Tenure or Age Limit Is Exceeded | Minimum Cash Downpayment |
|---|---|---|---|
| First housing loan | Up to 75% | Up to 55% | 5% cash for 75% LTV, 10% cash for 55% LTV |
| Second housing loan | Up to 45% | Up to 25% | 25% cash |
| Third or more | Up to 35% | Up to 15% | 25% cash |
| Company (not an individual) | 15% | Assessed case-by-case | No CPF usage |
Note: The reduced LTV limit generally applies if the loan tenure exceeds 30 years for private residential properties, exceeds 25 years for HDB flats, or if the loan period extends beyond the borrower’s age of 65 years. The maximum loan tenure is generally capped at 35 years for private residential properties and 30 years for HDB flats.
Not Sure Which LTV Tier Applies to You?
Your actual loan limit depends on your property type, outstanding housing loans, loan tenure, age profile and bank assessment. Speak to a LoanSaver mortgage consultant if you want help checking your LTV limit, downpayment requirement and estimated loan amount before committing.
How LTV Affects Your Maximum Home Loan
Even if your income qualifies you for a higher loan under the TDSR or MSR framework, your actual loan amount may still be capped by LTV limits - especially in cases such as:
- Buying a second or third property
- Financing a property with a long tenure or where borrower age exceeds 65
- Applying as a company instead of an individual
In short, TDSR and MSR govern how much you can afford based on income and debt obligations, while LTV controls how much you can borrow based on the property’s value.
To better understand how your income and existing loans affect your eligibility, read our full guide to TDSR and MSR in Singapore, or see how everything ties together in our Maximum Home Loan Eligibility guide.
How LTV Affects Refinancing and Home Equity Loans
When you refinance your existing mortgage, your Loan-to-Value (LTV) ratio determines how much of your property’s market value a bank can lend against.
If your property has appreciated in value or your loan balance has decreased, your effective LTV falls. This can unlock opportunities to tap on your built-up equity through a Home Equity Loan - also known as a cash-out refinancing, mortgage withdrawal loan or equity term loan. Such loans let you borrow against the value you already own in your home, offering one of the most cost-efficient ways to raise funds for investments, renovations, or major expenses.
Understanding how LTV changes over time helps you plan not just for refinancing, but also for leveraging your property strategically while keeping your borrowing costs low.
Read more about the pros and cons of home equity loans, and learn how to work out how much you can loan in our Guide to Home Equity Loans in Singapore.
How to Qualify for a Higher LTV Ratio
Factors That Improve LTV Eligibility
No outstanding home loans
First-time home buyers or those who have fully repaid previous home loans usually qualify for the highest LTV tier.
Shorter loan tenure
Keeping your loan tenure within 30 years for private property or 25 years for HDB avoids the LTV reduction that applies to longer tenures.
Loan tenure does not extend past age 65
Avoid automatic LTV reductions by keeping your loan period within age limits. However, in marginal cases, you will want to calculate and compare with your TDSR limit to determine the ideal loan tenure.
Good credit standing
A strong repayment history and stable income improve your chances of approval, especially if the lender has discretion in marginal cases.
Common Mistakes to Avoid
Taking a second (or third) home loan before repaying the first
Even if you qualify under TDSR, your LTV cap will drop significantly for subsequent loans — often to 45% or 35%.
Exceeding Tenure or Age Limits
Loan terms that exceed the maximum tenure or go beyond age 65 lower your LTV.
Buying Under a Company Name
Some investors use companies to purchase properties, but this results in a severely reduced LTV. Corporate borrowers are subject to a flat 15% LTV cap, with no CPF usage — a major disadvantage unless absolutely necessary.
Underestimating Cash or CPF Downpayment
Even with high LTV, you’ll still need to fund the remaining downpayment. Make sure you have sufficient CPF or cash on hand.
Related Guides and Calculators:
Deep dive and explore our comprehensive guides on how your loan eligibility is calculated:
🏡 Maximum Home Loan Eligibility in Singapore →
Get a clear picture on the factors that affect your maximum home loan, as well as tips for increasing loan eligibility.
💰 TDSR and MSR Singapore →
See how your income, debts, and loan commitments shape your borrowing power.
👥 Income Weighted Average Age (IWAA) →
Find out how your and your co-borrower’s age affects loan tenure and approval.
💬 FAQ →
Answers to commonly asked mortgage-related questions can be found here.
