Foreigners can get a home loan in Singapore. Per MAS, the first-home loan-to-value (LTV) is up to 75%, subject to a 55% Total Debt Servicing Ratio (TDSR). Whether you actually get 75% depends on the bank’s view of your income, credit and nationality.
💡 Lucy’s tip: The hard part isn’t policy — it’s whether local banks accept your income proof. Choosing the right bank and preparing documents matters more than negotiating price.
How much can you borrow? (per MAS)
| Item | Rule |
|---|---|
| 1st-home LTV | up to 75% (≥25% down, all cash) |
| 2nd-home LTV | up to 45% |
| TDSR | monthly debt ≤ 55% of income |
| Tenure | up to ~30 years |
Foreigners have no CPF, so the down payment is entirely cash.
Documents
- Passport and ID
- Income proof (payslips / tax returns / bank statements)
- Assets and liabilities
- Some banks want an existing deposit relationship
Practical tips
- Get an in-principle approval (IPA) first.
- Have overseas income verifiable (translated/notarised).
- Keep enough cash: 25% down + ABSD (60% for foreigners) are all cash.
Summary
- Can borrow: up to 75% first home, 55% TDSR.
- Down payment: ≥25%, all cash.
- Key: whether income proof is accepted.
⚠️ Actual amounts subject to bank approval; rules as per MAS.