Tharman: Latest home loan rules not a cooling measure – 07 Jul 2013

Latest home loan rules not a cooling measure – Video

The latest set of home loan rules is not a cooling measure. This is as explained by our Minister, Tharman in the video. Under this new set of home loan rules, the total debt servicing ratio (TDSR) is set at 60%, which means that the total debt accumulated by a borrower cannot exceed 60% of his/her monthly income.

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