For illustration onlyThe size of a bank loan on a home at Vela Bay is set by two MAS rules: the loan-to-value (LTV) limit, measured against the price, and the Total Debt Servicing Ratio (TDSR), measured against income. The figures below were in force on 22 October 2026.
Loan-to-Value Limits at Vela Bay
The limit turns on how many housing loans the borrower already has. Each tier carries a standard limit, a lower limit and a minimum share of the price that must be paid in cash.
| Outstanding housing loans | Standard LTV | Lower LTV | Minimum cash |
|---|---|---|---|
| None | 75% | 55% | 5% (10% in the lower band) |
| One | 45% | 25% | 25% |
| Two or more | 35% | 15% | 25% |
Source: MAS, checked 22 October 2026. Limits can change; confirm with MAS or your bank before signing.
When the Lower LTV Band Applies at Vela Bay
The lower band applies when either condition holds:
- the loan tenure is more than 30 years; or
- the loan would run past the borrower’s 65th birthday, using the income-weighted average age for joint borrowers.
A 31-year-old choosing a 35-year loan is over 30 years and would finish at 66, so the lower band applies; a 47-year-old on a 20-year loan is under 30 years but would finish at 67, so it applies too. Loans on private homes can run for up to 35 years.
Over 30 years, or past 65.
The loan limit drops to 55%, 25% or 15%, and the minimum cash on a first loan rises to 10%.
The TDSR Test for Vela Bay Buyers
All monthly debt repayments, including the new home loan, must stay within 55% of gross monthly income. The new loan is tested at a medium-term interest rate rather than the bank’s quoted rate, so that it remains affordable if rates rise.
| Rule | As at October 2026 |
|---|---|
| TDSR limit | 55% of gross monthly income |
| Interest rate used for the test | The higher of a 4% floor or the loan’s thereafter rate |
| Variable and rental income | Counted at 70%, after a 30% haircut |
| Longest tenure, private property | 35 years |
| Joint borrowers | Income-weighted average age |
Source: MAS, checked 22 October 2026. Limits can change; confirm with MAS or your bank before signing. The 4% floor: joint MAS, MND and HDB release of 29 September 2022.
Fixed salary counts in full. Car loans, other property loans and minimum card repayments are deducted first, and whatever remains of the 55% is turned into a loan amount. The TDSR calculator applies these rules for one or two borrowers.
In-Principle Approval Before Viewing Vela Bay
Many buyers obtain an in-principle approval from a bank before a viewing. It states what the bank is prepared to lend on the information given, subject to final approval and a valuation, and turns the stamp duty, the booking fee and the cash share into firm numbers. Each bank sets its own terms and the period for which the approval holds.
Once the buyer’s own share has been paid, the loan is drawn stage by stage under the payment scheme, and the progressive payment calculator shows how each stage is divided.
Request the Vela Bay Price List
Vela Bay is open for sale, and the Sales Concierge sends the current price list with the homes still available. Showflat viewings are arranged by appointment through the Sales Concierge.
Sent on request
- The current price list with the homes still available.
- The e-brochure and the floor plans you shortlist.
- A payment schedule and the stamp duty for your profile.
- A showflat appointment at a time that suits you.
Request the Price List
No obligation. The Sales Concierge responds personally to every enquiry.
Prefer to speak to someone? Call +65 6200 6220, or send a WhatsApp message to the same number.