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How much can your property cash out?

The maximum equity term loan the way MAS caps it: 75% of your private property's current valuation, minus the outstanding housing loan, minus every CPF dollar used on the property plus its accrued interest. The tool also shows the 50%-of-value band within which the loan escapes the TDSR assessment — and the cash-only monthly repayment the amount implies. One rule up front: this money cannot be used to buy residential property.

MAS MWL rules, verified 12 Jul 2026 · Gearing 75% (45% with other housing loans) · CPF + accrued interest netted off · TDSR exempt ≤ 50% LTV · Private property only

Property & existing claims

S$
The bank's appointed valuer decides the figure that counts — not your purchase price.
S$
On this property. Enter 0 if fully paid.
S$
Downpayment + instalments + stamp duty paid from CPF OA. Check "My Statement" on the CPF portal.
S$
The 2.5% p.a. your CPF would have earned — shown on the same CPF statement.
With other outstanding housing loans, the gearing cap drops from 75% to 45% of valuation (MAS MWL limits).

Repayment estimate (optional)

% p.a.
Equity loans are usually priced like the housing package — see current rates.
years
Capped like a housing loan; longer tenures past age 65 face tighter limits.

The repayment is cash only — CPF cannot service an equity term loan.

How the limit is found

Maximum equity loan = gearing (75%, or 45% with other housing loans) × valuation − outstanding loan − CPF used − CPF accrued interest. The CPF deduction exists because the CPF Board holds a charge on the property for the refund due on any future sale. Where the equity loan plus the outstanding loan stays within 50% of valuation, the TDSR assessment does not apply; above that band, the instalment must fit TDSR 55% at the 4% stress rate.

Paper equity vs usable equity

The headline gap between what your home is worth and what you owe is almost never the amount a bank will hand you. Two deductions do the damage. First, the gearing cap: total secured borrowing may not exceed 75% of the current valuation (45% if you carry other housing loans), so a quarter of the value is off-limits from the start. Second, the CPF charge: every CPF dollar used on the property — plus the 2.5% interest it would have accrued — ranks ahead of the bank on a future sale and is netted off the ceiling. A $1.5 million condominium with a $200,000 loan and $120,000 of CPF claims has $1.3 million of paper equity, but a maximum cash-out of $805,000. Long-time owners who serviced their mortgage heavily from CPF are routinely surprised by how much the second deduction removes; the worked version of this arithmetic is in our equity term loan guide.

Three restrictions people miss

The money cannot buy residential property — MAS prohibits banks from granting equity loans for that purpose, so it is not a shortcut to a second-home downpayment (the stamp duty on that route is computed in the stamp duty calculator regardless of where the cash comes from). Repayment is cash only — CPF cannot service the instalment, unlike a housing loan. And the facility is private property only: HDB flats cannot be pledged for cash-out under HDB rules, and ECs qualify only after the 5-year MOP. If the loan pushes total borrowing above 50% of valuation, the instalment must also clear TDSR at 55% alongside your existing commitments — check headroom in the affordability calculator first.

Frequently asked questions

What is an equity term loan?

A cash loan secured against the paid-up value of a private property — MAS calls it a Mortgage Equity Withdrawal Loan. The bank lends against the gap between 75% of current valuation and what is already claimed by the outstanding loan and CPF used (with accrued interest).

Can it be used to buy another property?

No. Banks are prohibited by MAS from granting a home equity loan or similar facility for the purchase of residential property. The funds can go to investments, business, education or debt consolidation — not a downpayment on another home.

Why is CPF deducted from the maximum?

CPF used on a property, plus accrued interest, must be refunded to your CPF account on a sale. The CPF Board's charge ranks ahead of the bank, so the amount is netted off the lending ceiling — otherwise a cash-out could indirectly convert protected CPF savings into cash.

Can I take one on an HDB flat?

No. HDB flats cannot be used as collateral for cash-out financing. The facility is for private residential property; ECs qualify only after completing the 5-year Minimum Occupation Period.

Does TDSR apply?

Usually yes — the instalment plus existing debts must fit 55% of gross income at the 4% stress rate. The exception is where the equity loan plus outstanding housing loan stays at or below 50% of the property's value; within that band MAS does not require the TDSR assessment.

Can CPF service the repayments?

No. An equity term loan must be repaid entirely in cash, unlike a housing loan. Budget the instalment against take-home cash flow, not CPF contributions.

Disclaimer This calculator is an educational estimate, not financial advice and not a loan offer. It applies the MAS Mortgage Equity Withdrawal Loan limits in force as at July 2026; the amount a bank actually grants depends on its own valuation, your TDSR position, credit profile, property type and internal credit policy, and may be lower than shown. Legal and valuation fees (typically S$2,500–S$4,000) are not modelled. Banks are prohibited by MAS from granting a home equity loan or similar product for the purchase of residential property. Always verify with your bank and obtain independent financial advice before borrowing against your home. PropertyInsider.sg disclaims liability for decisions made on the basis of this tool.

Talk it through with an advisor

A calculator gives you the number; it can't tell you what to do with it. If you want to work through what these figures mean for your own situation — budget, ABSD position, timing an HDB sale, or comparing launches against resale options — you can request a one-to-one consultation.

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Disclosure: advisory consultations are provided by Jamus Lee (CEA Reg. No. R065771E, ERA Realty Network Pte Ltd, Licence No. L3002382K), the publisher of PropertyInsider.sg, via JamusProperty.com. This is a separate service from our editorial research and has no influence over what we publish — see our editorial policy. Submitting this form shares your details with the advisory practice; see our privacy policy.

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