How much bank loan can a 54-year-old with a $4000 salary get for purchasing an HDB flat?

To determine how much a bank loan you can obtain for purchasing an HDB flat, several factors need to be considered, including your age, income, and the remaining lease of the HDB flat.

Given your salary of $4,000 per month and your age of 54, here are some key points:

- Total Debt Servicing Ratio (TDSR): Banks in Singapore are required to ensure that your total debt repayments do not exceed 60% of your gross income. This includes all your debts, not just the housing loan.
- Loan Tenure: For HDB loans, the maximum loan tenure is typically capped at 25 years or up to the age of 65, whichever is shorter. Since you are 54, the maximum loan tenure would be around 11 years.
- Loan Amount: Using EdgeProp's affordability calculator, you can estimate the loan amount based on your income and other financial commitments. Generally, with a $4,000 monthly salary, you would need to consider your other debts and expenses to determine the maximum loan amount you can afford.

As a rough estimate, assuming you have no other significant debts and considering the TDSR, you might be able to secure a loan that allows for monthly mortgage payments of around $2,000 to $2,400. However, this is highly dependent on your individual financial situation and the specific bank's lending criteria.

For a more accurate assessment, it is advisable to use EdgeProp's affordability calculator or consult directly with a financial advisor or a bank to get a precise calculation based on your specific circumstances.