To apply for the Housing and Development HDB concessionary home Loan, there are a couple of things a Singaporean must understand. All prospective flat buyers or transferees that wish to get such a loan will first have to acquire an HLE HDB Loan Qualification letter. Beside the eligibility requirements and the HLE terms HDB Loan Qualification, there are lots of files that an applicant or occupant must supply to the HDB before filling in the online form, as HDB only accepts online applications. To be able to apply, a prospective buyer can use any Internet PCs in the HDB Branch or a self-service kiosk in the HDB Hub.

The files needed for the application to be considered are as follows:

• IDs Identity cards or passports or visit passes possessed by applicants or occupants
• Required proof of earnings
• Information name, address of companies for applicants or occupants who are employed
• Information name, address of past employer for applicants or occupants who were unemployed for less than three weeks
• Ownership of private residential property details
• Amount of HDB concessionary loans previously taken by applicants or occupants
• History and details of financial commitments renovation loan, automobile loan.

History of money proceeds obtained through the disposal of past HDB flats owned by the applicants and occupants or from the applicants’ and occupant’s spouses or fiancés if present. Upon entry of a first-time program or of an application using a Different household or purpose in the previous program, the application form has seven steps that are available after clicking Submit New Application.

The aforementioned measures are: Directions, Pasir Ris 8 Condo Getting Launched after Sing Pass login, and Questionnaire aid in ascertaining user’s eligibility for an HDB concessionary loan, Application Details private and financial information of applicant or occupant, in addition to details of last owned HDB flats, if any, Review and Submit, Submission of supporting documents, Acknowledgement.

The application is considered complete only after complete entry of Electronic signatures using Sing Pass and following the attachment of complete and detailed supporting documents. It is essential that these documents are accurate and verified. In case of the absence of entry of additional documents requested by the HDB following the entry of the HLE program, the latter might be cancelled. In case of required additional information so as to estimate the loan eligibility, the HDB may appoint the candidates for an interview to talk about additional details. The HLE letter’s validity is six months from the issue date. Re-assessment inside the six-month period is not needed if the buyers and Occupants do not change.