Make an offer for the unit and propose an option fee to the seller. You can do this online using the Resale Portal. The home valuation results will be out in working days. Exercise the OTP within the prescribed period.
Otherwise, the application will lapse and you will need to restart the process. HDB will notify you to endorse your supporting documents on the Resale Portal.
Confirm the financial plan and withdraw the CPF monies. Pay the administrative fee online. The completion date will also be confirmed by HDB. Schedule a final inspection of the flat. Check the property for vacant possession and possible defects. The seller is also required to do this. Sign the mortgage document if taking on an HDB Loan. Get the letter of confirmation for the transfer of ownership.
The seller is required to hand over the keys of the flat on the completion date. Subscribe Now. Get a notification every time we upload a new blog post. Featured Blogs. Highlighting unique property views for every Singaporean. CEA License No. Singapore Malaysia Philippines Menu. About Us. Buy a Home. Download the app. Follow us on. For Tenants. For Landlords. EN Singapore Malaysia Philippines.
Browse Resale Properties Download the app and speak directly to sellers. Affordability Calculator Calculate required tax for selling. Post a Listing for Free Download the app and connect with buyers.
Free Home E-Valuation Know the value of your property in seconds! Browse Rental Listings Download the app and connect with landlords. Post a Listing for Free Download the app and connect with tenants. Home Renovation. Home Content Insurance. Social media. Share on facebook. Share on twitter. Share on email. Share on whatsapp. Maelyn Lagman. October 1, What is an HDB loan? It will highlight the following important information: Eligible loan amount Monthly instalments Repayment period Amount of cash proceeds from the sale of the existing or previous flat to be used to pay for the next flat if applying for a second HDB loan Terms and conditions How to apply for an HDB HLE letter Step 1: Prepare documents When submitting the HLE letter application, flat buyers will need to produce personal particulars and other supporting documents as proof of income.
The HLE letter is valid for six months from the date of issue. When to produce an HLE letter 1. When applying to take over the ownership of a flat by way of transfer, not resale Before the transfer of flat ownership application, buyers must ensure that they meet the eligibility criteria and fulfil one housing scheme to take over the flat.
What situations require a review of an HLE letter? The loan offer will be reviewed by the HDB if: Any given information is untrue or incorrect There are any changes in your household income, family nucleus, or other circumstances that may affect your eligibility for an HDB housing loan and purchase. Subscribe Now. Get a notification every time we upload a new blog post. Featured Blogs. Highlighting unique property views for every Singaporean.
CEA License No. Singapore Malaysia Philippines Menu. About Us. Buy a Home. Download the app. Follow us on. For Tenants. For Landlords. EN Singapore Malaysia Philippines. Browse Resale Properties Download the app and speak directly to sellers.
Affordability Calculator Calculate required tax for selling. Post a Listing for Free Download the app and connect with buyers. Free Home E-Valuation Know the value of your property in seconds! Browse Rental Listings Download the app and connect with landlords. Post a Listing for Free Download the app and connect with tenants. Home Renovation. By granting only an ideal buyer, they effectively limit purchases, control property construction speeds, and quell supply and demand for consistent property value.
The Singapore government prides itself on easy-to-use, online-accessible portals. Singaporeans can use the HDB Loan Eligibility application portal to conveniently apply for a letter from anywhere with an internet connection. The portal allows you to upload your documents through a secure connection. The portal will ask you to submit a number of documents supporting your application. Have your payslips, employment letter of offer, and other corporate documents ready.
However, the unemployed Singaporean applicant must apply for an HLE letter for an HDB concessionary loan during their employed years and not during unemployment. Alternatively, you can use banks as an alternative HDB financing. Each one has its advantages and disadvantages, but banks will still require you to present a loan eligibility HLE Letter.
The major difference between HDB housing loan services and banks are interest rates. An HDB housing loan can give you a stable interest rate. However, the interest figure is often higher than banks. Yet, it remains the same throughout your loan payment period. On the other hand, banks usually have lower initial interest rates to draw in HLE letter borrowers. Fortunately, if you follow the steps above and take note of the documents and other requirements needed for your current state of employment, you can secure your HDB housing loan in no time.
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