Documents to Prepare for Application of HDB Loan Eligibility (HLE) Letter

Documents to Prepare for Application of HDB Loan Eligibility (HLE) Letter

Important note:
To enable us to process your HLE application, please submit the relevant documents listed below for all persons listed in the flat application. The HDB may also request for other documents to be submitted other than those listed below for purpose of credit assessment. The HLE application cannot be processed if the documents are incomplete.

1.	For Employed (with monthly CPF contribution)*
	As an applicant:
	a)	Latest 3 months’ payslips or Recent letter^ from employer certifying job designation, commencement date and salaries for the last 3 months; and
	b)	Latest 15 months' CPF contribution history.
	If income includes allowance, 12 months’ income proof will be required.
	As an occupier:
		Latest 3 months’ payslips or Recent letter^ from employer certifying job designation, commencement date and salaries for the last 3 months.

2.	For Employed (without monthly CPF contribution)*
	As an applicant:
	a)	Latest 12 months' payslips or Recent letter^ from employer certifying job designation, commencement date and salaries for the last 12 months; and
	b)	Credit bureau report#; and
	c)	Latest 12 months’ bank statements/passbook.
	As an occupier:
		Latest 3 months’ payslips or Recent letter^ from employer certifying job designation, commencement date and salaries for the last 3 months.

3.	For Self-Employed
	As an applicant:
	a)	Valid Accounting & Corporate Regulatory Authority (ACRA) Computer Information (Business Profile)or Valid license of business / trade; and
	b)	Latest Notice of Assessment from IRAS or Certified Annual Statement of Accounts from an audit firm; and
	c)	Credit bureau report#; and
	d)	Latest 12 months’ bank statements/passbook
	As an occupier:
	a)	Valid Accounting & Corporate Regulatory Authority (ACRA) Computer Information (Business Profile)or Valid license of business / trade; and
	b)	Latest Notice of Assessment from IRAS or Certified Annual Statement of Accounts from an audit firm.

4.	For Commission-Based and Regular Part Time Worker
	As an applicant:
	a)	Latest 12 months' commission statements/payslips or Recent letter^ from employer certifying job designation, commencement date and commissions/salaries for the last 12 months; and
	b)	Latest 15 months' CPF contribution history; and
	c)	Credit bureau report#; and
	d)	Latest 12 months’ bank statements/passbook
	As an occupier:
		Latest 12 months' commission statements/payslips or Recent letter^ from employer certifying job designation, commencement date and commissions/salaries for the last 12 months.

5.	For Odd Job Worker
	As an applicant:
	a)	Latest Notice of Assessment from IRAS or Recent letter^ from employer certifying job designation, commencement date and commissions / salaries for the last 12 months; and
	b)	Latest 15 months' CPF contribution history; and
	c)	Credit bureau report#; and
	d)	Latest 12 months’ bank statements/passbook
	As an occupier:
		Latest Notice of Assessment from IRAS or Recent letter^ from employer certifying job designation, commencement date and salaries for the last 12 months

6.	For Pensioner
	As an applicant:
	a)	Payslip/letter^ from previous employer stating the monthly pension received; and
	b)	Credit bureau report#; and
	c)	Latest 12 months’ bank statements/passbook
	As an occupier:
		Payslip/letter^ from previous employer stating the monthly pension received

7.	For Unemployed between 18 to 62 years old
	Unemployed applicant/occupier will need to submit a Statutory Declaration on unemployment status or a valid Student Pass, if they are currently a full-time student. The Statutory Declaration can be executed at Loans Counter or any HDB Branches. Declarants are required to bring along their Identity Cards to execute the Statutory Declaration. In addition, the following documents are required if applicant / occupier were unemployed for fewer than 3 months:
	a)	Income proof for the preceding month(s) from previous employer stating their gross monthly income and last day of service; and
	b)	Latest 15 months' CPF contributions history

8.	For Applicant and Essential Occupier who have taken one HDB concessionary housing loan and are buying the next HDB flat after disposing the existing one
	a)	Completion statements (showing the breakdown of cash proceeds and CPF refund) for the disposal of the applicant's and his/her spouse/fiance/fiancee's last owned HDB flat (if they do not have a current flat); and
	b)	Divorce documents showing the division of matrimonial HDB flat (if the immediate past HDB flat was disposed of with / by ex-spouse)

9.	Income / Allowance NOT considered for credit assessment
	a)	Rental Income;
	b)	Interest from fixed deposit / savings account;
	c)	Alimony allowance (divorce cases);
	d)	Bonuses;
	e)	Dividend income;
	f)	Director fees;
	g)	Overtime;
	h)	National Service allowance;
	i)	Claims / reimbursement / expenses;
	j)	Scholarship overseas allowance
	k)	Occupier’s Income

Note:
*	Income tax returns are not acceptable for employed persons.

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

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A copy of the Credit Bureau report can be requested either on-line or at any of the SingPost branches, or directly at the Credit Bureau Office located at 72 Anson Road #11-03 Anson House. If you have requested to send your report directly to HDB, please submit a copy of the payment receipt for our verification.

If you are working overseas, please submit additional income proof such as employment pass, work permit, evidence of trade business, overseas income tax returns, where applicable. If the documents to be submitted are in languages other than English, Mandarin, Malay or Tamil, an official translation in English of these documents are required.

Last Updated on 16 Apr 2014

- wong chee tat :)