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Income Guidelines and Other Documents

To process your HLE application, we will require valid income documents for all persons listed in the flat application. If the documents are incomplete, the HLE application cannot be processed. We might also request for other documents to be submitted for our credit assessment.

If you are working overseas, please submit additional income proof such as your employment pass, work permit, business documents, or overseas income tax returns. An official English translation is required if the documents are not in English, Mandarin, Malay or Tamil. 

The following types of income/allowance are not considered for credit assessment:

  • Alimony/ maintenance fee
  • Bonuses
  • Claims/ reimbursement/ expenses
  • Director fees
  • Dividend income/ interest from deposit accounts
  • Income from overtime work
  • National Service allowance
  • Occupier’s income
  • Rental income
  • Scholarship overseas allowance
     

Find out more about the documents you need to submit.

 

Employed persons (with monthly CPF contribution)

As an applicant:

  • Latest 3 months’ payslips or a recent letter^ (sample)(JPEG, 125KB) from the employer certifying job designation, commencement date, and salaries for the last 3 months; and
  • Latest 15 months’ CPF contribution history (sample)(JPEG, 165KB)
Note: If your income includes allowance, we will require the latest 12 months’ income statements.

As an occupier:

  • Latest 3 months’ payslips or a recent letter^ (sample)(JPEG, 125KB) from the employer certifying job designation, commencement date, and salaries for the last 3 months
Notes:

* Income tax returns are not acceptable for employed persons.

^ For proof of income, all letters from an employer must have the company letterhead/ stamp, and the name, signature, and designation of the certifying officer.

Employed persons (without monthly CPF contribution)

As an applicant:

  • Latest 12 months’ payslips or a recent letter^ (sample)(JPEG, 125KB) from the employer certifying job designation, commencement date, and salaries for the last 12 months; and
  • Credit Bureau report# (sample)(JPEG, 176KB); and
  • Latest 12 months’ bank statements/ passbook (PDF, 103KB)

As an occupier:

  • Latest 3 months’ payslips or a recent letter^ (sample)(JPEG, 125KB) from the employer certifying job designation, commencement date, and salaries for the last 3 months

Notes:

* Income tax returns are not acceptable for employed persons.

^ For proof of income, all letters from an employer must have the company letterhead/ stamp, and the name, signature, and designation of the certifying officer.

# A copy of the Credit Bureau report can be requested online, or at any SingPost Branch. Alternatively, you can visit the Credit Bureau Office to obtain a report directly. The Credit Bureau will charge a fee for the report. If you have requested to have your report sent directly to HDB, please submit a copy of the payment receipt for our verification.

Self-employed persons

As an applicant:

  • Latest Notice of Assessment (sample)(JPEG, 129KB) from IRAS or Certified Annual Statement of Accounts from an audit firm; and
  • Credit Bureau report# (sample)(JPEG, 176KB); and
  • Latest 12 months’ bank statements/ passbook (PDF, 103KB)

As an occupier:

  • Latest Notice of Assessment (sample)(JPEG, 129KB) from IRAS or Certified Annual Statement of Accounts from an audit firm
Notes:

# A copy of the Credit Bureau report can be requested online, or at any SingPost Branch. Alternatively, you can visit the Credit Bureau Office to obtain a report directly. The Credit Bureau will charge a fee for the report. If you have requested to have your report sent directly to HDB, please submit a copy of the payment receipt for our verification.

Commission-based and part-time workers

As an applicant:

  • Latest 12 months’ commission statements/ payslips or a recent letter^ (sample)(JPEG, 125KB) from the employer certifying job designation, commencement date, and commissions/ salaries for the last 12 months; and
  • Latest 15 months’ CPF contribution history (sample)(JPEG, 165KB); and
  • Credit Bureau report# (sample)(JPEG, 176KB); and
  • Latest 12 months’ bank statements/ passbook (PDF, 103KB)

As an occupier:

  • Latest 12 months’ commission statements/ payslips or a recent letter^ (sample)(JPEG, 125KB) from the employer certifying job designation, commencement date, and commissions/ salaries for the last 12 months;

Notes:

^ For proof of income, all letters from an employer must have the company letterhead/ stamp, and the name, signature, and designation of the certifying officer.

# A copy of the Credit Bureau report can be requested online, or at any SingPost Branch. Alternatively, you can visit the Credit Bureau Office to obtain a report directly. The Credit Bureau will charge a fee for the report. If you have requested to have your report sent directly to HDB, please submit a copy of the payment receipt for our verification.

Odd job workers

As an applicant:

  • Latest Notice of Assessment (sample)(JPEG, 129KB) from IRAS or a recent letter^ (sample)(JPEG, 125KB) from the employer certifying job designation, commencement date, and commission/ salaries for the last 12 months; and
  • Latest 15 months’ CPF contribution history (sample)(JPEG, 165KB) ; and
  • Credit Bureau report# (sample)(JPEG, 176KB) ; and
  • Latest 12 months’ bank statements/ passbook (PDF, 108KB)

As an occupier:

  • Latest Notice of Assessment (sample)(JPEG, 129KB) from IRAS or a recent letter^ (sample)(JPEG, 125KB) from the employer certifying job designation, commencement date, and salaries for the last 12 months

Notes:

^ For proof of income, all letters from an employer must have the company letterhead/ stamp, and the name, signature, and designation of the certifying officer.

# A copy of the Credit Bureau report can be requested online, or at any SingPost Branch. Alternatively, you can visit the Credit Bureau Office to obtain a report directly. The Credit Bureau will charge a fee for the report. If you have requested to have your report sent directly to HDB, please submit a copy of the payment receipt for our verification.

Pensioner

As an applicant:

  • Latest 3 months' payslips, or a recent letter^ from the previous employer stating the monthly pension received for the last 3 months; and
  • Credit Bureau report# (sample)(JPEG, 176KB); and
  • Latest 12 months’ bank statements/ passbook (PDF, 103KB)

As an occupier:

  • Latest 3 months' payslips or a recent letter^ from the previous employer stating the monthly pension received for the last 3 months

Notes:

^ For proof of income, all letters from an employer must have the company letterhead/ stamp, and the name, signature, and designation of the certifying officer.

# A copy of the Credit Bureau report can be requested online, or at any SingPost Branch. Alternatively, you can visit the Credit Bureau Office to obtain a report directly. The Credit Bureau will charge a fee for the report. If you have requested to have your report sent directly to HDB, please submit a copy of the payment receipt for our verification.

Unemployed persons

If you are unemployed, and currently between 18 and 62 years old, you will need to submit a Statutory Declaration, or a valid Student Pass if you are currently a full-time student. 

The Statutory Declaration can be executed at the HDB Hub Loans Counter, or any HDB Branch. Declarants are required to bring along their Identity Cards. 

In addition, if you have been unemployed for fewer than 3 months, the following documents are required:

  • Income proof for the preceding month(s) from the previous employer stating their gross monthly income and last day of service
  • Latest 15 months’ CPF contribution history (sample)(JPEG, 165KB)

Important notes for applicants who have taken an HDB loan before

If you have taken an HDB concessionary loan before, and are buying another HDB flat after disposing of the existing one, you will need to submit:
  • Completion statements (JPEG, 62KB) (showing the breakdown of cash proceeds and CPF refund) for the disposal of the applicant’s and spouse/ fiancée/ fiancé’s last owned HDB flat (if they do not have a current flat)
  • Divorce documents showing the division of the matrimonial HDB flat (if the immediate past HDB flat was disposed of with/ by an ex-spouse)

This applies to both applicants and essential occupiers of the flat application.