What is the maximum loan percentage for a second property purchase if there is still an outstanding property loan for the first property?

For a second property purchase in Singapore, if there is still an outstanding housing loan on the first property, the maximum loan-to-value (LTV) ratio allowed is 45%. This means banks can lend up to 45% of the purchase price or property value, whichever is lower, for your second housing loan, provided the loan tenure does not exceed 30 years and the borrower’s age does not exceed 65 at loan maturity. If either the loan tenure exceeds 30 years or the loan extends past age 65, the maximum LTV is further reduced to 25%.

Additionally, you must also prepare to pay a higher minimum cash down payment, which is at least 25% of the property’s value, for your second property purchase under these circumstances.