What Does It Mean?
Loan-to-Value (LTV) ratio is the maximum percentage of a property's value that a bank will lend. In Singapore, the maximum LTV is 75% for the first housing loan with no outstanding loans, 45% for the second, and 35% for the third and subsequent loans.
Current Rates
| Loan Situation | Max LTV | Min Cash Down |
|---|---|---|
| 1st housing loan, no outstanding | 75% | 5% (private) / 10% (HDB) |
| 1st housing loan, 1 outstanding | 45% | 25% |
| 2nd+ housing loan | 35% | 25% |
| HDB loan | 80% | N/A (CPF only) |
LTV limits apply to all residential property loans in Singapore. The remaining balance must be paid in cash and/or CPF.
Worked Example
For a $1,500,000 property with your first housing loan:
Why It Matters
LTV limits directly determine how much cash and CPF you need upfront. With a second outstanding loan, the LTV drops to 45%, meaning you need 55% down — over $800,000 on a $1.5M property.
Where to Find This on ShiokNest
- Mortgage Calculator
- TDSR Calculator
Look for the tooltip icon next to this metric on ShiokNest for a quick reminder of its definition.
Official Sources
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Frequently Asked Questions
Does refinancing reset my LTV limit?
Is HDB loan LTV higher than bank loan?
This glossary article is auto-generated from ShiokNest's financial data and updated periodically. Rates and figures are current as of March 2026. Check official sources for the latest.