For illustration onlyThis TDSR calculator for Vela Bay finds the largest home loan an income can support under the MAS Total Debt Servicing Ratio, then sets it against the loan-to-value limit on the price, so you can see which of the two rules decides the loan. Illustrative figure, enter your own price: the price field opens at $1,500,000, a round number that is not the price of any home in the development; the Sales Concierge sends the current price list on request. The housing loan information page explains the rules it applies.
Main Applicant
Counted after a 30% haircut.
Car, personal and other property loans.
Joint Applicant
Counted after a 30% haircut.
Car, personal and other property loans.
Illustrative figure, enter your own price.
Up to 35 years for private property.
Anything below 4% is tested at 4%.
Sets the loan-to-value limit.
Indicative only. A tenure over 30 years, or a loan running past age 65 (income-weighted for joint applicants), moves the loan to the lower LTV limit of 55%, 25% or 15% depending on loans outstanding, and lifts the minimum cash on a first housing loan from 5% to 10%. Where the LTV limit is lower than the TDSR figure, the LTV limit decides the loan. Banks apply their own credit policies; confirm with a bank, or ask the Sales Concierge to arrange an in-principle approval. Leave out any existing home loan that will be repaid before this purchase.
How a Vela Bay Loan Is Sized
The bank begins with assessed income: fixed salary in full, and bonuses and commissions at 70% after the haircut, averaged over twelve months. Up to 55% of that income may go to debt each month, so existing repayments are deducted first, and the remainder is converted into a loan at the MAS medium-term rate, the higher of a 4% floor or the loan’s thereafter rate, over the tenure you pick.
Two borrowers are assessed on their income-weighted average age. A tenure longer than 30 years, or a loan running past age 65 on that average, moves the loan into the lower LTV band with a bigger cash share, and the smaller of the TDSR and LTV figures becomes the loan. The progressive payment calculator and the stamp duty calculator complete the picture.
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.