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LTV Limit Singapore 2026 — Complete Guide to Property Loan Borrowing
The Loan-to-Value (LTV) limit is the maximum amount a bank or HDB can lend you relative to the property’s value. Understanding LTV limits is fundamental to calculating how much cash and CPF you need for any Singapore property purchase — and whether you can even afford a second investment property.
LTV Limits for Bank Loans in Singapore (2026)
| Number of Outstanding Loans | Max LTV | Min Down Payment | Min Cash Required |
|---|---|---|---|
| 0 (First property, no loans) | 75% | 25% | 5% of price |
| 1 (Second property) | 45% | 55% | 25% of price |
| 2+ (Third property+) | 35% | 65% | 25% of price |
These limits apply to bank loans for private residential and commercial property. HDB loans have different rules.
LTV Limits for HDB Loans
- HDB Concessionary Loan: Up to 80% LTV
- Minimum 20% down payment — can be fully in CPF (no cash requirement for the 20% down)
- HDB loan only available for first HDB purchase or upgrading to larger HDB flat
- Income ceiling applies: $7,000 for singles, $14,000 for families (HDB flat buyers)
Practical LTV Calculations — New Launch Condo Examples
First-time buyer, $1.5M new launch condo:
- Max bank loan at 75% LTV: $1,125,000
- Required down payment: $375,000
- Minimum cash down: $75,000 (5%)
- Can use CPF for: $300,000 (remaining 20%)
- Plus BSD: $54,600 (can be in CPF)
Upgrader with existing condo, buying $1.5M second property:
- Max bank loan at 45% LTV: $675,000
- Required down payment: $825,000 (55%)
- Minimum cash down: $375,000 (25%)
- Can use CPF for: $450,000 (remaining 30%)
- Plus ABSD 20%: $300,000 (payable in cash or CPF)
Loan Tenure and LTV Interaction
LTV limits are also affected by loan tenure and borrower age. From 2023, the maximum loan tenure for bank loans on private property is 35 years (reduced from 40 years). Additionally, the maximum loan tenure is limited to 75 minus the borrower’s age at loan application. So a 45-year-old borrower’s maximum tenure is 30 years.
If loan tenure exceeds 30 years, the LTV limit is reduced by 5 percentage points (e.g., 75% LTV becomes 70% for 31-35 year loans). This incentivises shorter loan tenures.
How to Maximise Your LTV Position
- Pay off existing loans before buying: If you have a car loan or personal loan, paying it off before property purchase doesn’t change LTV but improves TDSR headroom
- Sell first property before buying second: Without an outstanding mortgage, you access 75% LTV on the new property instead of 45%
- Keep loan tenure under 30 years: Avoids the 5% LTV reduction for longer loans
- Joint purchase with spouse: Combining income improves TDSR, allowing higher loan amounts within the 75% LTV ceiling
Speak with Alvin Tan — Licensed ERA Property Consultant
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Related Property Finance Guides
- TDSR Singapore 2026 — How It Limits Your Borrowing
- BSD Singapore 2026 — Calculate Your Stamp Duty
- ABSD Singapore 2026 — Second Property Cost Guide
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