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Income Guidelines and Other Documents

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:

  • Alimony/ maintenance fee
  • Bonuses
  • Claims/ reimbursement/ expenses
  • Director's fee
  • Dividend income/ interest from deposit accounts
  • Income from overtime work
  • National Service allowance
  • Occupier’s income
  • Overseas cost of living allowance*
  • Pension*
  • Rental income
  • Scholarship overseas allowance

* 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 (with monthly CPF contribution)

As an applicant:

  • 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; and
  • Latest 15 months’ CPF contribution history (sample)(JPEG, 165KB)
If your income includes allowance, we will need 6+ months’ payslips preceding the month of application.
Note:
+ 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 if your income includes allowance.

As an occupier:

  • 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
Notes:

* 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.

Employed persons (without monthly CPF contribution)

As an applicant:

  • 6+ 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 6+ months preceding the month of application; and
  • Credit Bureau report# (sample)(JPEG, 176KB); and
  • Latest 6+ months’ bank statements/ passbook (PDF, 103KB)
Note:

+ 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.

As an occupier:

  • 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

Notes:

* 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.

# 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 6+ months’ bank statements/ passbook (PDF, 103KB)
Note:

+ 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.

As an occupier:

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

# 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:

  • 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; and
  • Latest 15 months’ CPF contribution history (sample)(JPEG, 165KB); and
  • Credit Bureau report# (sample)(JPEG, 176KB); and
  • Latest 6+ months’ bank statements/ passbook (PDF, 103KB)

As an occupier:

  • 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

Notes:

+ 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.

^ For proof of income, all employer's letters 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 6+ months preceding the month of application; and
  • Latest 15 months’ CPF contribution history (sample)(JPEG, 165KB) ; and
  • Credit Bureau report# (sample)(JPEG, 176KB) ; and
  • Latest 6+ 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 6+ months preceding the month of application

Notes:

+ 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.

^ For proof of income, all employer's letters 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 aged 18 to 62, you will need to submit a Statutory Declaration on your unemployment, or a valid Student Pass if you are a full-time student. 

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

If you are not in Singapore, the Statutory Declaration can be done in the presence of a Commissioner for Oaths or a Notary Public in that country.

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

  • Income proof for the preceding month(s) from the previous employer stating your 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 housing loan before

If you have taken an HDB concessionary housing 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.