la casa

The application for the HDB loan eligibility was submitted on 23 December 2008 and we received the offocial approval today. It was approved quickly enough, considering how government agencies procrasinate over such applications, especially over the holiday season, and from the stories heard from an agent.

The steps to go about the application are as follows:

1. Go to the online application website here.
2. Complete all required details on the website and submit the form after verification.
3. Print out a copy of the application and have both parties sign the agreement.
4. Prepare a copy of both parties’ latest 3 months payslip.
5. Prepare a copy of both parties’ lastest 15 months CPF contribution.
6. Label all documents accordingly with the HLE no. and NRIC of the relevant person.
7. Submit the compiled documents to HDB by post, fax, email or drop-off at the HDB Hub.

The approval letter will indicate the maximum loan amount entitled, eligible flat type, maximum repayment period and monthly instalment.

From then on, you will be able to proceed with the purchase of the flat that catches your fancy.