An equity term loan turns the paid-up value of a private property into cash. The tool sizes the headroom — the bank's loan-to-value on today's value, less the outstanding loan, less the CPF that has first claim — and then caps the draw by TDSR and a tenure that runs to the age limit.
What you enter
- Current value, outstanding loan, CPF used with accrued interest
- Income, debts, age and your package rate
What you get
- Equity headroom and the TDSR ceiling, and which one binds
- Maximum draw and the monthly repayment
- The notes on what CPF's first charge takes away
Worked example
$2,000,000 condo, $600,000 loan left, $300,000 CPF used
About $600,000 available
- Equity headroom
- $600,000
- TDSR ceiling
- $980,000
- Binding constraint
- Equity
- Monthly over 30 years at 3.2%
- $2,594
Illustrative, for a Singapore citizen couple, 35, first property, $12,000 a month between them, $250,000 cash and $200,000 in CPF Ordinary Account unless the case says otherwise. Your own numbers replace every figure the moment you use the tool.
The rule behind it, in prose: How much can I borrow in Singapore?.
Answers: equity term loan singapore, cash out property equity.
Also in Affordability & Finance
This tool is part of Roov Pro. Create a free account first — the affordability check, live rates, grants, timelines and market analysis come with it — and upgrade when you want this one.