By MoneyBees
Work out how much cash you can borrow against your private property in Singapore with an equity term loan: the MAS loan-to-value limit after your current loan and the CPF you used, whether TDSR applies, and the monthly instalment.
Fixed income; banks count only 70% of variable income.
Include this home's mortgage, car loan and card minimums.
Most you can borrow
$700,000
limited by LTV
Monthly instalment
$5,004.18
3.5% over 15 years
TDSR
Applies
loans on the home above 50% of value
75% of $2,000,000 is $1,500,000. Take away the $600,000 loan and $200,000 of CPF used, and $700,000 is left under the MAS limit.
Up to $400,000 keeps all loans on this home within 50% of its value, so TDSR does not apply. Above that, your income must pass TDSR: it supports up to $709,759.
When you sell, you still refund the CPF you used with accrued interest, about $243,681 at 2.5% a year, after the loans are repaid.
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| Rule | Limit |
|---|---|
| Equity loan + loan owed on the home + CPF used | Up to 75% of the valuation |
| The same, if you have a housing loan on another home | Up to 45% of the valuation |
| TDSR exemption | Equity loan + other loans on the home at 50% of valuation or less |
| TDSR when it applies | All debt payments up to 55% of income, home loans tested at 4% or more |
| Longest tenure | 35 years |
| HDB flats and ECs within the MOP | Not allowed |
Your condo is valued at S$2 million. You owe S$600,000 on it and used S$200,000 of CPF. 75% of S$2 million is S$1.5 million; less S$800,000 leaves S$700,000. Up to S$400,000 keeps the loans on the home at S$1 million, 50% of its value, with no TDSR test. To borrow the full S$700,000, your income must pass TDSR.
Banks call it an equity term loan or a cash-out loan; MAS calls it a mortgage equity withdrawal loan. You cannot repay it with CPF, because CPF only pays housing loans. If you refinance it later, MAS treats it as an investment property loan.
Banks set their own rates, fees and age limits, and may lend less than the MAS limit.
Figures checked 3 Oct 2026.
A loan secured on a home you own, where you borrow against the value you have built up. Banks call it an equity or cash-out loan; MAS calls it a mortgage equity withdrawal loan.
The equity loan, the loan still owed on the same home and the CPF you used on it together may not exceed 75% of the current valuation, or 45% if you have a housing loan on another home.
Not if the equity loan plus the other loans on the same home come to 50% of its valuation or less. Above that, your total monthly debt payments must stay within 55% of your income.
35 years under MAS rules. Banks may set shorter tenures or age limits of their own.
MAS does not allow mortgage equity withdrawal loans on HDB flats and executive condominiums still within the minimum occupation period.
MAS counts the CPF used on the home in the loan limit, because it must be refunded to your CPF account with accrued interest when you sell.
No. CPF can only be used for housing loans, and an equity term loan is not one.
MAS treats a refinanced equity loan as an investment property loan, so the investment property loan rules apply.
These calculators provide general estimates for educational purposes only and are not personalised financial advice. Results may rely on rates and rules that change over time, so verify against official sources (IRAS, CPF Board, HDB, MAS) or consult a licensed financial adviser before making decisions.
Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).