HLE enquiry

[Ronaldo88]

If wan use bank loan,can hiew lan tis hle right?

 

[Gixxerfied]

If wan use bank loan,can hiew lan tis hle right?

Yes but u need to produce a bank approval in principle letter during signing of lease agreement..

STEP 2: APPLY FOR A MORTGAGE LOAN
- If you plan to take an HDB housing loan, you must have a valid HDB Loan Eligibility (HLE) Letter when booking a flat.
- If you are taking a bank loan, please approach any financial institution to find out the amount you can borrow. You must produce a valid Letter of Offer before signing the Agreement for Lease.

 

[Ronaldo88]

R hdb crazy?? Even request 2012,13 payslip..2015,2016..total 25mths of payslip..

 

[Gixxerfied]

R hdb crazy?? Even request 2012,13 payslip..2015,2016..total 25mths of payslip..

No, are you sure?

Self employed?

Grant will ask for 12 months of consecutive payslip and i think cpf contribution statement prior to application while hle will ask for latest 3 months or so of payslip and cpf statement.

 

[Ronaldo88]

No, are you sure?

Self employed?

Grant will ask for 12 months of consecutive payslip and i think cpf contribution statement prior to application while hle will ask for latest 3 months or so of payslip and cpf statement.

Employed..already submitted Apr,may,jun..

 

[madcampus]

Those odd job, part-time, contract basis, in and out of work, between jobs, etc, will find it a chore to apply for HLE loan. HDB will request for a lot of documents and paper trail. Even ask to see your bank balance.

 

[Gixxerfied]

Employed..already submitted Apr,may,jun..
http://i.imgur.com/ItMUOk6.jpg[IMG][/QUOTE]

Is your employment term not consistent?? As in not in consecutive employment over this past few years?

 

[Ronaldo88]

Is your employment term not consistent?? As in not in consecutive employment over this past few years?

I m with the coy for 8yrs..perm staff..no temp off duty..forget it..thk the staff cock up...I more lean towards bank loan..

 

[Gixxerfied]

I m with the coy for 8yrs..perm staff..no temp off duty..forget it..thk the staff cock up...I more lean towards bank loan..

Your initial post here was lean towards bank loan.

So why did u actually tried applying for a HLE anyway??

 

[Ronaldo88]

Your initial post here was lean towards bank loan.

So why did u actually tried applying for a HLE anyway??

Tat was when my agent ask for hle..then after..I realise doesnt matter..or perhaps comparison between bank n hdb final loan amount..

 

[mafiaonikage]

just curious.

last year i applied HLE and the loan egibility amount was 336,100
this year i applied again and this time it is 289,700

there's no significant difference in our pay within this 1yr and we didn't take up any other loans.

any other factors that could affect the amount?

 

[vinz]

Age.

The older u get, the shorter your loan tenure (loan period), thus maximum amount get smaller as you gets older, if all else remains the same.

-vinz

 

[Franzz]

My HLE just got approved. Combined income close to $10k. Loan given almost $600k. But process took almost 3 weeks to approve.

Interestingly I asked one of my senior colleague. Told me when he applied for his HDB almost 10 years back, he was given a similar loan amount based on his $6k salary.

Nowadays HDB so stingy ah?

 

[noel13]

My HLE just got approved. Combined income close to $10k. Loan given almost $600k. But process took almost 3 weeks to approve.

Interestingly I asked one of my senior colleague. Told me when he applied for his HDB almost 10 years back, he was given a similar loan amount based on his $6k salary.

Nowadays HDB so stingy ah?

Last time dont have MSR and TDSR.
Government intro cooling measure to ensure people dont over commit on the loan side.

 

[Franzz]

Last time dont have MSR and TDSR.
Government intro cooling measure to ensure people dont over commit on the loan side.

Oh yeah that's right. Forgot about that.

 

[pillowhugger01]

Anyone know if i can dont add my partner's salary? My salary alone should be enough for the loan according to the calculator. His job doesnt have cpf contribution and it is just part time job.. really hard to get payslips. We pretty much have given up asking for the payslips..

 

[Ronaldo88]

My HLE just got approved. Combined income close to $10k. Loan given almost $600k. But process took almost 3 weeks to approve.

Interestingly I asked one of my senior colleague. Told me when he applied for his HDB almost 10 years back, he was given a similar loan amount based on his $6k salary.

Nowadays HDB so stingy ah?

Indirectly lead u to loan from bank..See how much bank can loan u..compare..

 

[Pen.Pineapple.Apple.Pen]

Anyone know if i can dont add my partner's salary? My salary alone should be enough for the loan according to the calculator. His job doesnt have cpf contribution and it is just part time job.. really hard to get payslips. We pretty much have given up asking for the payslips..

Under the mom regulations, from 1st April all employers must issue itemised pay slips to employees covered under the Employment Act.

Pt or ft all must have payslip.

http://www.mom.gov.sg:8083/employment-practices/salary/itemised-payslips

 

[xVrooMx]

Hi Guys,

Just a quick qns.
Please correct me if im wrong.
Supporting document needed for HLE
1. 3 mnths payslip or recent letter from employer.
2. If salary includes transport allowance etc, 12 mnths payslip needed.
3. 15 mnths CPF contribution

Is that all? do i need to submit my vehicle loan details?

Please advise.
Many Thanks!

 

[Franzz]

Indirectly lead u to loan from bank..See how much bank can loan u..compare..

Wah I asked ocbc, eligible for $1.2mil loan, double siol