HLE enquiry

[Gainduia]

If the house cost 500K, and my HLE is 450K during key collection,
assuming I have 50K in CPF,
1. Will they wipe my CPF first?
2. I have to pay 50K in cash first, before wiping CPF?

Thanks!

 

[BlackCube]

Just worried that the 2nd HLE amount will still be the same amount as my 1st HLE and i would then have to fork out 200k cash..

When is your estimated key collection? U can actually apply hle again say half a year later to test water and see how much u can loan.

Posted from PCWX using Pixel 3

 

[jerrylsh]

When is your estimated key collection? U can actually apply hle again say half a year later to test water and see how much u can loan.

Posted from PCWX using Pixel 3

Estimated key collection is 2Q 2021, so i apply hle again around 2020 to see how much i can loan?

 

[maodinipie]

Estimated key collection is 2Q 2021, so i apply hle again around 2020 to see how much i can loan?

One key factor is to have a stable income n cpf contribution for at least 3-6 months.

Mine combined salary is similar to what u have and my hle is approved for 470k, i been working in same company for a few yrs and gf for abt 6 months

 

[maodinipie]

If the house cost 500K, and my HLE is 450K during key collection,
assuming I have 50K in CPF,
1. Will they wipe my CPF first?
2. I have to pay 50K in cash first, before wiping CPF?

Thanks!

They will wipe out ur cpf except for 20k which u can opt to keep inside for rainy day purpose or investment

 

[Gainduia]

They will wipe out ur cpf except for 20k which u can opt to keep inside for rainy day purpose or investment

I know that they will wipe my CPF.
However, as there is the 50K that is not covered by the HLE, want to know which scenario will occur.
If I need to pay the 50K in cash first, then would want to prepare that amount first.

 

[maodinipie]

I know that they will wipe my CPF.
However, as there is the 50K that is not covered by the HLE, want to know which scenario will occur.
If I need to pay the 50K in cash first, then would want to prepare that amount first.

Nope, that amt that is not covered by hle can be paid by cpf. Bear in mind, hle is the amount that u r borrowing for the next 15-25 yrs

So if say ur flat is 500k ur cpf is 100k, den u will only loan 400k. U dont have to loan the max amt of hle.

 

[BlackCube]

yeah, you don't need to loan the full amount of whatever is stated in HLE.

and u still earning cpf for 2 more years also. should have quite a bit add up.

i heard that hle loan amount can be affected depending on any loan you may have, and whether u have kids etc. so if u earn higher but have few kids, your loan amount may be low.
not sure how true that is, see if anyone here got such case.

 

[Dusty1988]

I am due to collect my keys next week. I sent a HLE reassessment email to HDB last week and they have not gotten back to me.

I am seeking for a higher HDB loan due to an improvement in household income. The first HLE loan is not enough for us.

Do I still proceed to collect my keys? Will the onsite officer be able to let us know the revised HDB loan on the key collection date?

 

[BlackCube]

I think is different department. There's a appeal or something similar section for hle in the hdb site. Or is it a email? You can try that and their response is quick fast.

Posted from PCWX using Nexus 5

 

[Dusty1988]

I think is different department. There's a appeal or something similar section for hle in the hdb site. Or is it a email? You can try that and their response is quick fast.

Posted from PCWX using Nexus 5

Yups I emailed to the hdbcredit email address. And the officer in charge of my account is on leave this week.

 

[BlackCube]

Yups I emailed to the hdbcredit email address. And the officer in charge of my account is on leave this week.

Can't be one person working only ma. So weird.

Posted from PCWX using Pixel 3

 

[Mango_ice]

If HLE not approved, still can go select flat for bto or not ah?

 

[koonzlah]

If HLE not approved, still can go select flat for bto or not ah?

why will not approved?

Sent from Samsung SM-G965F using GAGT

 

[Mango_ice]

why will not approved?

Sent from Samsung SM-G965F using GAGT

Coz self employed. Abit mafan.

 

[BlackCube]

Select flat confirm can. In the end when u need to make the payment u got money to pay anot. If no money then they take your deposit and u get no flat lo

Posted from PCWX using Pixel 3

 

[Mango_ice]

My hle approve yst Liao hehehehe

 

[koonzlah]

My hle approve yst Liao hehehehe

Can share? Cos I self employed too but bank acc inside no money one

Sent from Samsung SM-G965F using GAGT

 

[Mango_ice]

Can share? Cos I self employed too but bank acc inside no money one

Sent from Samsung SM-G965F using GAGT

I also not much money one. They ask me for many things lo. Ask for all bank account statement. But my spouse is employed with cpf.

 

[Best of the best]

Hi does anyone know how long it takes to kNow the approval of HLE after apply?
And also the amount of loan I get is judge by gross or basic salary?
Thanks.