Residential
To process your application for an HDB Loan Eligibility (HLE) letter, we need to have the necessary income documents for all persons listed in the application. If the documents are incomplete, the HLE application cannot be processed. We may also request additional documents to be submitted for credit assessment purpose.
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 original documents are not in English, Mandarin, Malay or Tamil.
The following types of income/ allowance will not be considered for credit assessment:
* This applies for HLE applications received from 28 Aug 2018. For purchase of a flat from HDB, the revised guidelines will apply if both your HLE and new flat applications are received from the Aug 2018 sales launch onwards.
The applicant must be employed at the month of application and remain gainfully employed before an HDB housing loan is disbursed.
If you are employed but on no-pay leave for less than 6 months at the time of application, we will use your last drawn pay for assessment. If the duration of no-pay leave is 6 months or more at the time of application, your income will not be considered.
Find out more about the documents you need to submit based on your nature of employment.
* Employed persons will need to submit payslips to show the breakdown of income components received. As income tax returns do not reflect the breakdown of income, they will not be accepted.
^ For proof of income, all employer's letters must have the company letterhead/ stamp, and the name, signature, and designation of the certifying officer.
+ For HLE applications received before 28 Aug 2018, or new flat applications received before Aug 2018 sales launch, we will need the latest 12 months’ payslips and the latest 12 months’ bank statements.
3 months’ payslips preceding the month of application or a recent letter^ (sample)(JPEG, 125KB) from the employer certifying job designation, commencement date, and salaries for 3 months preceding the month of application
# 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.
+ For HLE applications received before 28 Aug 2018 or new flat applications received before Aug 2018 sales launch, we will need the latest 12 months’ bank statements.
6+ months’ commission statements/ payslips preceding the month of application, or a recent letter^ (sample)(JPEG, 125KB) from the employer certifying job designation, commencement date, and commissions/ salaries for 6+ months preceding the month of application
+ For HLE applications received before 28 Aug 2018 or new flat applications received before Aug 2018 sales launch, we will need the latest 12 months’ commission statements/ payslips. We will also need the latest 12 months' bank statements from applicants.
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 6+ months preceding the month of application
+ For HLE applications received before 28 Aug 2018 or new flat applications received before Aug 2018 sales launch, we will need the latest Notice of Assessment from IRAS, or a recent letter from employer certifying salaries for the last 12 months. We will also need the latest 12 months’ bank statements from applicants.
If you are a full time student aged 18 to 62, you will need to submit a valid Student Pass.
In addition, if you have been unemployed for less than 3 months, the following documents are required:
This applies to both applicants and essential occupiers of the flat application.
