UOB launches new online property loan Total Debt Servicing Ratio (TDSR) Calculator

For those hoping to buy a property as the property market is softening, UOB just launched an online proeprty loan calculator for you to determine your total debt servicing ratio (TDSR) for mortgage loan applications.

Under the Monetary Authority Authority (MAS) TDSR framework, financial institutions can only offer loans to customer with a TDSR of 60% or lower. UOB's TDSR calculator covers loans to purchase and refinance properties from private residences, HDB flats, international properties and commercial properties. 

The service is free and can be found on UOB's website under the bank's Mortgage Resource Centre. For more details, please refer to the website.