What Are The Documents Required For HLE?

How do I know if I got approved for HLE?

If you do not have your HLE number, you can also login to My HDBPage using your SingPass account to find out the status of your HLE application.

Please click the ‘I Accept’ button if you agree and accept the Terms and Conditions of HDB Loan Eligibility (HLE) Enquiry and wish to proceed with the e-Service..

What documents do I need for my first HDB appointment?

Registration and selectionIdentity cards. … Passport for non-citizens.Birth certificates of your children.Your birth certificate and your parents’ marriage certificate if you are buying a flat under the Multi Generation Priority Scheme or Married Child Priority Scheme.More items…•

When should I apply for HLE letter?

The HLE letter should be obtained before your first appointment (for BTO buyers) or before you sign the Option to Purchase and pay the option fee as deposit (for resale flat buyers).

What happens if you reject BTO?

If it’s your second time rejecting: When you reject two chances to select a flat, your first-timer priority will be suspended for a year. Your subsequent flat applications will be placed under the second-timer category for a year. … More information on failing to book flats here and cancelling flat applications here.

How long will HLE take?

about 3 weeksRequired documents for HLE letter In a nutshell, the less stable your income, the more proof HDB wants before they would grant you a loan. An HLE letter takes about 3 weeks to obtain.

Is HDB loan better than bank?

The interest rates are usually lower than the 2.6% p.a. charged for a HDB loan. Banks also sometimes offer other perks such as 24-hour emergency home assistance. Bank loans have fewer restrictions compared to the HDB loan eligibility criteria. For example, there is no income ceiling set for bank loans.

How much is the downpayment for HDB?

Downpayment for HDB flatType of Loan (where applicable)Downpayment (when you sign the Agreement for Lease)Taking an HDB housing loan10% of purchase priceNot taking any housing loanTaking a housing loan from an FI20% of purchase price for loan ceiling of 75%20% of purchase price for loan ceiling of 55%6 days ago

How can I get HLE?

Please select an option to begin:Option 1. Submit an HLE Application.Option 2. Retrieve a draft HLE application to submit your electronic signature and/ or submit supporting documents.Option 3. Apply for an HLE letter (for credit assessment before the key collection of your new flat).

How many times can you apply for HLE?

Validity of HLE letter It will be valid for six months from the date of issue. There is no need for re-assessment during this period, so long as there is no change in financial position and family members. A week before expiry of the HLE letter, you may apply for a new one if you still need a valid HLE letter.

How can I increase my chances of getting into BTO?

8 Hacks To Improve Your HDB BTO Ballot Chances#1 Choose a non-mature (less popular) estate.#2 Stay near your parents (or with your parents)#3 Become neighbours with your parents.#4 You can expect better chances if you’re expecting. … #5 Consider having more children.#6 Apply even after a failed (or unfortunate) marriage.More items…•

How much cash do you need for resale HDB?

Cash savings You must use cash for the following payments: Deposit to seller (a maximum of $5,000, paid in 2 stages: the option fee, and the deposit) Part of the initial payment (if you take a bank loan, or have insufficient CPF savings) Amount not covered by CPF savings and eligible housing loan amount.

How much can I borrow from HDB?

A maximum of 30% of your gross monthly income can go into home loan repayments currently. If you earn $3000, only $900 can be used to pay for your housing loan.