押贷偿还能力比（MSR) 和总债务偿还能力比（TDSR) 对照表: The Nuts and Bolts of MSR and TDSR

by iCompareLoan Editorial Team May 15, 2015, 9:20 pm 1.4k Views

TDSR 是相当新的新加坡房地产新条列。它是在七轮降温措施后，于 2013 年 6 月 28日实施，但政府并不认为这是另一轮的降温措施。却把它看作是一项确保财务公司发放贷款的长期严谨务实步骤。

相反，押贷偿还能力比 (MSR) 是在 2013 年 1 月开始实施 7 轮降温措施时，金融管理局 (MAS) 管辖下的财务或金融企业第一次强制执行的条款。之前，只有 HDB 的押贷需要遵守。

TDSR 和 MSR 看来会继续施行下去了，就让我们把它们二者之间的不同处作个对比吧：

Table 1: Comparing MSR And TDSR

MSR

TDSR

The monthly repayment of a mortgage do not exceed 30% of the borrower’s gross income每月分期摊还贷款，不得超过借贷人每月总收入的 30％

All monthly debt obligations, inclusive of the mortgage repayment, do not exceed 60% of the borrower’s gross monthly income每月全部摊还债务，包括押贷分期，不得超过借贷人月总收入的 60％

Applies to all mortgages, whether by FIs or HDB, granted for the purchase of a HDB flat or an EC适用于各种押贷自财务金融公司或 HDB 批准用来购买组屋或执行公寓 (EC)

Applies to all property loans, whether residential properties or otherwise, granted by FI适用于财务金融公司发放的全部房贷，不论住用或其他房产

Hence HDB concessionary loans are exempted from it

只有 HDB 特别优惠贷款可免

When computing the MSR, the FI has to use a specified medium-term rate (3.5%), or the existing market rate, whichever is higher.在计算 MSR 时，财务金融公司必须采用指定的中期利率 (3,5%) 或以市场利率，高者为准

For the HDB concessionary loan, the rate to be used is the prevailing rate of the loan which has remained at 2.60%p.a. since July 1999.

HDB 优惠贷款，期利率始终以 1999 年 1 月发布的 2.6%

When computing the TDSR, the FI has to use a specified medium-term rate, or the existing market rate, whichever is higher.计算 TDSR 时，财务金融公司只准采用指定的中期利率，或按市场利率，高者为准

The specified rate:

指定利率如下：

3.5% for housing loans

房贷利率为 3.5%

4.5% for non-residential property loans

非住用地产利率为 4.5%

For refinancing （再融资）the MSR will not apply to loans for HDB flats and ECs that are

组屋或执行公寓不受 MSR 条例管制

owner-occupied, AND

were purchased before their respective MSR implementation dates

自住或再 MSR 执行前购买的房产不受管制

For refinancing (再融资）the TDSR will not apply if