How to derive monthly commitment?
In TDSR calculation, the monthly commitment is referred to your existing secured & unsecured loan monthly installment (based on your credit bureau record).
Secured loan – car loan, other property loan, premium financing etc.
Unsecured loan – credit card, personal loan, renovation loan, education loan, trade facility, business loan* etc.
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Combined income & combined loan commitment
If the application is co-borrowing case, the TDSR calculation will factor in combined loan commitment as well. The calculation simply add up the monthly loan amount.
Upon application, you will need to submit all your various latest statement to the bank to show proof the monthly installment or minimum payment (for credit card).
Common types of loan commitment.
Unsecured Loan Category
Secured Loan Category
- Car
- Property
