TDSR Loan

The Total Debt Servicing Ratio is an MAS rule that caps all your monthly debt repayments at 55% of gross monthly income on property loans from banks and other regulated financial institutions. Banks must also apply a haircut of at least 30% to variable income such as bonuses, commissions and rent, and must stress-test repayments at a medium-term interest rate that is at least as high as your actual package rate. Business owners, investors and retirees with substantial assets but modest declared income often fail this test even when they can comfortably afford the loan.

No. The TDSR framework applies to property loans granted by MAS-regulated financial institutions. Rikvin Capital is a private direct lender operating as an excluded moneylender under the Moneylenders Act of Singapore, lending to accredited investors and corporates. Our facilities carry no TDSR limit: we underwrite the property value, the loan-to-value and your exit plan rather than your income ratio.

Common profiles include business owners whose income is mostly dividends or retained in the company, commission-based professionals, retirees who are asset-rich but show little salary, and investors whose existing mortgages already use up their ratio. Typical uses are completing a purchase after a bank approval fell through, decoupling, bridging an ABSD remission timeline, or releasing equity from a fully paid property.

Facilities run from $1 million to $100 million at up to 70% of valuation, secured by first charge over Singapore property such as condominiums, landed homes, shophouses and commercial units. An indicative term sheet is usually issued within 24 hours, and clean deals fund in about two weeks. Terms run 3 to 24 months with interest serviced monthly or rolled up, and the usual exit is a sale, a bank refinance once your income position is documented, or a maturing liquidity event.