Housing Loan Eligibility (HLE)

After almost 3 years, our BTO; Hougnag Parkview is finally at a stage at which it is almost done and 2 blocks of flats are already in the midst of getting the keys to their home! Our block is the 3rd one so of cause we are excitedly waiting for any news of it being done, and soon before we know it here is the first news!

The letter for us to apply for our HLE; received on 19/02/2014. Deadline for submission is 04/03/2014, but of cause we plan to do it earlier.

The application of the HLE is a submission of a series of letter and also our pay slip and our CPF statement to prove that we are able to service the loan in the future. The last time when we first applied for the HLE was when we got the Q number for our BTO, then only i have started working and that was in July 2011; I started work with MOE on June 2011 where as Stanley started work with Mircon in September 2011, Looking back, it has been almost 3 years! Wow!

There are a couple of requirement which needs to be fulfil in order for us to apply for the HLE, basic are;

1) You need to be a Singapore Citizen or PR
2) You need to be employed.
3) You need to have an income within the stated income gap by HDB.
4) This needs to be the 1st time you are loaning from HDB, we are each allow to loan once max twice with them.

Once you know that you meet the requirements which we did, you can go ahead and submit the HLE form. Unlike back then in 2011, HLE form submission are all done online now with our Singpass assess. So all you need to have the the scan / PDF copy of each of your CPF statement, payslip and HLE form ready when u log on to the Singpass for submission!

In the end, we submitted the HLE letter on 27/02/2014, and now it is just waiting for the results of HLE and the keys!!! =) 

Eggcited!!!