Enquiry about HLE Application

[edesenjavier]

I have a question regarding how the average gross income is computed.

I know if there is allowance then HDB will require 12 months of pay slip so it means they will take the average of the 12 months by adding the gross income of each and dividing it by 12.

Suppose i work on a contract basis for 2012 to 2014 and in june 2014 i was offered a full time job in some other company and im applying for HLE in, say March 2015 then do i need to submit pay slip from April 2014 to March 2015 right?

i think when u recv the HDB letter, inside will state the payslip which u need to produce.
dun worry if u forget to bring a certain number of months for the payslips, they will ask u to mail (post) them the required payslips within a certain number of days.

 

[SkullzZ]

Hi, my fiance and I have already applied and secured a BTO unit costing $496,400. We have selected our units in early 2014, where I was the only one working (hence we met the income ceiling for HLE loan and Housing Grant), while my fiance is studying. We have amade a 5% under the staggered down-payment scheme.

However, as the unit will be completed in mid/late 2017, may I ask when do we apply for the second HLE assessment? This is because we might run into a risk where both our combined incomes may exceed slightly over $10000, and hence may not qualify for the HDB concessionary loan. May I ask if there will be any exceptions made for our case as (1) we qualify for the HDB loan during flat selections, and (2) our income barely exceed $10000 (definitely under $11000).

Thanks!

 

[Gixxerfied]

Hi, my fiance and I have already applied and secured a BTO unit costing $496,400. We have selected our units in early 2014, where I was the only one working (hence we met the income ceiling for HLE loan and Housing Grant), while my fiance is studying. We have amade a 5% under the staggered down-payment scheme.

However, as the unit will be completed in mid/late 2017, may I ask when do we apply for the second HLE assessment? This is because we might run into a risk where both our combined incomes may exceed slightly over $10000, and hence may not qualify for the HDB concessionary loan. May I ask if there will be any exceptions made for our case as (1) we qualify for the HDB loan during flat selections, and (2) our income barely exceed $10000 (definitely under $11000).

Thanks!

1) 2nd HLE assessment roughly 1 month before key collection
2) Cant give u a confirm answer on that but for ppl who have under a combined 10k income during the 1st HLE and exceeded the 10k ceiling during the 2nd HLE, HDB will use the 1st HLE as the max loan.

 

[SkullzZ]

1) 2nd HLE assessment roughly 1 month before key collection
2) Cant give u a confirm answer on that but for ppl who have under a combined 10k income during the 1st HLE and exceeded the 10k ceiling during the 2nd HLE, HDB will use the 1st HLE as the max loan.

oh thanks!
but the max loan under 1st HLE is too low to finance the flat as there was only 1 income (fiance back then was still studying). so I think we will need to apply for 2nd HLE right?

 

[Gixxerfied]

oh thanks!
but the max loan under 1st HLE is too low to finance the flat as there was only 1 income (fiance back then was still studying). so I think we will need to apply for 2nd HLE right?

It would be best that you check with HDB when it's time to.