Bank Home Loan Calculator (Singapore)
Monthly repayment on a Singapore bank housing loan — SORA-pegged pricing, 75% LTV, TDSR 55% and the MAS stress-test rate.
Formula
Disclaimer: Indicative math for comparison only. Actual instalments vary with lender rounding, fees, insurance, daily vs monthly reducing methods and rate resets. This is not financial advice — confirm the final schedule with your lender.
Disclaimer: This tool is for general informational and estimation purposes only and is not professional financial, tax, accounting or legal advice. All figures are estimates — verify with a qualified professional before making decisions. Read the full disclaimer.
Need bank home loan calculator results fast? Skip the spreadsheet and get a clear, defensible answer in one step — free, private and instant, recalculating live as you change any input.
About Bank Home Loan Calculator (Singapore)
This calculator prices a Singapore private/bank-financed home loan with the reducing-balance amortization formula — the exact monthly-rest math DBS, OCBC, UOB and other MAS-licensed banks use. With the default inputs (S$800,000 borrowed at 3.2% for 25 years) it shows the instalment, the lifetime interest and a year-by-year split of principal versus interest, then recomputes instantly as you key in the offer actually in front of you. Bank housing loans in Singapore are mostly pegged to compounded SORA (1M/3M) plus a spread, or fixed for 2–3 years then floating. MAS caps the loan at 75% LTV for a first housing loan (with 5% of the price strictly in cash), restricts tenure to 30 years for private property (75 years minus your age for the full LTV), and applies the 55% Total Debt Servicing Ratio — assessed not at your actual rate but at a regulatory stress floor (4% for residential), so qualify yourself at that number. CPF Ordinary Account funds can service the monthly instalment, but remember CPF used for housing accrues interest you owe back to your own CPF on sale. Repricing (same bank) or refinancing (new bank) after the lock-in — typically 2 years — is standard practice; a 0.3% rate cut on the default S$800k loan saves roughly S$2,400 a year, well above typical legal-fee subsidies.
How to use Bank Home Loan Calculator (Singapore)
- 1Enter Loan amount, Interest rate (per year, reducing balance) (%), Tenure (years) into the Bank Home Loan Calculator.
- 2The result is computed automatically using EMI = P · r · (1+r)^n / ((1+r)^n − 1) where r = annual rate ÷ 12, n = months — there is no button to press; it updates live as you type.
- 3Change any input to model a different scenario, then use “Copy result link” to share the exact numbers.
Why use Bank Home Loan Calculator (Singapore)?
- ✓Computes bank home loan calculator instantly with the correct formula — no spreadsheet needed
- ✓100% free and unlimited, with no sign-up, login or paywall
- ✓Runs entirely in your browser, so the figures you enter are never uploaded or stored
- ✓Shows the formula, a live worked example and references so you can defend the number
Frequently asked questions
How is the EMI on a Singapore private/bank-financed home loan calculated?+
Lenders apply EMI = P·r·(1+r)^n ÷ ((1+r)^n − 1). With the defaults here, P = S$800,000, the monthly rate r = 3.2% ÷ 12 and n = 300 months. Early instalments are interest-heavy; the principal share grows each month as the outstanding balance falls — the schedule above shows that crossover year.
How much can I borrow for a condo in Singapore?+
Up to 75% of price/valuation (whichever is lower) on a first housing loan, with at least 5% in cash and the balance of the 25% from cash or CPF OA. Your TDSR — all monthly debts ÷ gross income — must stay within 55% computed at the MAS stress rate, and the tenure cap for full LTV is tied to your age.
Fixed or SORA floating in the current cycle?+
Fixed buys certainty for 2–3 years at a premium; SORA packages track the rate cycle down (and up) with a lag. A common approach: fix when the spread between fixed and floating is thin, float when fixed packages price in a large buffer. Always compare the all-in rate after year 3, not just the teaser.
Does choosing a longer tenure make the loan cheaper?+
No — it only shrinks the monthly outgo. Stretching the same S$800,000 from 25 to 30 years cuts the EMI but raises lifetime interest substantially, because interest keeps accruing on a slowly-falling balance. Compare the "Total interest" figure at both tenures before signing.
Related Finance tools
Human Life Value (HLV) Calculator
The economic value of your future earnings to your family — the income-replacement basis for sizing a life-insurance cover.
● LiveTerm Life Insurance Coverage Calculator
How much term-life cover you actually need — replacing income, clearing debts and funding goals, net of existing assets and cover.
● LiveDIME Method Life Insurance Calculator
The DIME formula — Debt + Income + Mortgage + Education — a fast, complete way to size a life-insurance cover.
● Live