MAS Car Loan LTV Calculator
Estimate your borrowing limits and downpayment for a new or used car in 2026 Singapore.
Last updated: April 2026
The MAS Car Loan Rules
The Monetary Authority of Singapore (MAS) regulates how much you can borrow to purchase a motor vehicle.
The **Loan-to-Value (LTV)** limit depends on the car's **Open Market Value (OMV)**:
- OMV ≤ S$20,000: Max Loan is 70% of price.
- OMV > S$20,000: Max Loan is 60% of price.
The maximum loan tenure for any motor vehicle loan is fixed at 7 years.
How to use this calculator
- 1Open Market Value — Enter the car's OMV. This is usually listed on the dealer's spec sheet.
- 2Total Price — Input the full price including COE and GST.
- 3Calculate Downpayment — The calculator tells you exactly how much cash you need to bring to the showroom.
Formula & example
LTV Limit = 60% (OMV > 20k) or 70% (OMV ≤ 20k)
For a car costing S$180,000 with an OMV of S$35,000:
Max Loan (60%) = S$108,000.
Min Downpayment = S$72,000.
Benefits
Avoid Over-Borrowing
Stay within MAS limits to ensure your loan application is approved by the bank.
Budgeting Accuracy
Know exactly how much cash liquidity you need before putting down a deposit.
Monthly P&I Estimate
Get a quick look at your monthly commitment based on standard interest rates.
Use cases
Buying New
Compare different trims where one might have a higher OMV, changing your downpayment requirement.
Buying Used
Calculate the loan based on the current age and remaining tenure of the car.
Frequently asked questions
Does this include the TDSR?+
No. While LTV defines the car limit, your loan must also fit within your Total Debt Servicing Ratio (TDSR) limit of 55% of your income.
What is OMV?+
Open Market Value is the price paid for a vehicle, including freight and insurance, when it is imported into Singapore.