EC Payment Schemes
Mortgage Servicing Ratio and Your Income
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Mortgage Service Ratio (MSR) was announced by the Monetary Authority of Singapore (MAS) and HDB in the year 2013, where buyers can only use up to 30% of their gross monthly income to service their monthly payment on the mortgage loan.
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The objective of this measure is moderate the property market and to instill financial prudence to cultivate an affordable and sustainable ECs market.
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First announced on 12 Jan 2013, MAS introduced MSR capped at 30% for HDB loans taking from banks and financial institution. MSR is applicable to purchases of resale and Build-To-Order (BTO) HDB flats. It then extended MSR on 9 Dec 2013 to Executive Condominiums (ECs)
Buyer Stamp Duty - Click here to use the Buyer Stamp Duty Calculator
Normal Payment Scheme ( NPS )
Normal Payment Scheme will be smiliar to Progressive Payment Scheme, which allows payment of your monthly installments, progressively as the stages of construction goes.
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Click here to use the Progressive Payment Calculator
Defer Payment Schemes allow owners to start servicing their loan, only when the Executive Condo is ready for occupation and move in.
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Defer payment scheme is a popular choice to assist home owners who are servicing current HDB housing loan and they do not need to service 2 housing loans concurrently.
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Kindly Contact us or call : 81111088, to find out the actual calculations of your purchase with Defer Payment Scheme.
Defer Payment Scheme ( DPS )
