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HDB loan_Who Can Apply

HDB loan_Who Can Apply

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Published by Samuel Chew

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Published by: Samuel Chew on Jan 18, 2011
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Who Can Apply

Eligibility Conditions for HDB Concessionary loan
HDB provides housing loans at concessionary interest rate to eligible flat buyers, subject to HDB's credit assessment and prevailing mortgage loan criteria. Since 1 January 2003, flat buyers who are not eligible for an HDB loan will have to take a loan from a bank/financial institution that is licensed by the Monetary Authority of Singapore to provide housing loans. Flat buyers can apply for an HDB loan if you and / or your essential occupiers (if any): (a) have at least one buyer who is a Singapore citizen; (b) (c) (d) (e) (f) (g) (h) have a gross monthly household income not exceeding $8,000; have not previously taken two or more HDB concessionary interest rate loans; do not own any private residential property^ in Singapore or overseas; have not disposed off any private residential property^ within 30 months before the date of application for HDB Loan Eligibility (HLE) and have never taken any HDB concessionary interest rate loan; do not own more than one market / hawker stalls or commercial / industrial property in Singapore or overseas; own one market / hawker stall or commercial / industrial property and operate the business yourself;

are buying a 5 room or smaller resale flat under the Single Singapore Citizen (SSC) Scheme with a gross monthly income not exceeding $3,000. ^ Private residential property include HUDC flat / Executive Condominium. You can also use the enquiry facilities below to check if you are eligible for an HDB concessionary loan.

IMPORTANT NOTE:
By accessing and using this Facility or any part of this Facility, and the information provided under this Facility ("Facility"), you are deemed to agree to the Terms and Conditions and Privacy Statement set out here. To proceed with your enquiry, you can: Complete an online questionnaire for quick results; or Request for HDB Loan Eligibility (HLE) Letter Let us guide you through the process to apply for an HDB Housing Loan:When to Apply How to Apply What to Note

Last Updated on 01 Sep 2010

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