Does in-house loan goes into account for TDSR?

[hexies]

As the question implies, does anyone know if by going through an in-house loan (dealer or someone else), would HDB be aware of it when you're declaring income looking to buy a HDB/EC?

 

Thanks :)

[UncleAtas]

Nope. They only factor in your total household income.

[hexies]

Nope. They only factor in your total household income.

 

Wait, doesn't HDB/bank look into your total outstanding payments you need to make per month, and factor that in to the loan approval?

 

Example I make $5k, and I have $4.5k/month going into my car + card payments , and looking to seek HDB loan. Wouldn't how much I pay monthly to my loans affect approval from bank/hdb?

 

Thanks!

[RadX]

Continue here

 

http://www.mycarforum.com/topic/2693075-mas-cease-tdsr-restriction-on-property-for-existing-owners/?fromsearch=1