Without a doubt about Income tips as well as other papers

To process the application for the HDB Loan Eligibility (HLE) letter, we must have the income that is necessary for several people placed in the application form. In the event that papers are incomplete, the HLE application can’t be prepared. We might additionally request documents that are additional be submitted for credit assessment function.

If you should be working overseas, please submit additional income evidence such as for example your employment pass, work permit, company papers, or overseas earnings tax statements. a formal english interpretation is required in the event that initial papers are not in English, Mandarin, Malay or Tamil.

The next types of income/ allowance will never be considered for credit evaluation:

  • Alimony/ maintenance charge
  • Bonuses
  • Claims/ reimbursement/ expenses
  • Director’s charge
  • Dividend income/ interest from deposit records
  • Earnings from advertisement hoc overtime work
  • Nationwide provider allowance
  • Occupier’s earnings
  • International price of living allowance*
  • Pension*
  • Leasing earnings
  • Scholarship overseas allowance

* This applies for HLE applications received from 28 Aug 2018. The revised guidelines will apply if both your HLE and new flat applications are received from the Aug 2018 sales launch onwards for purchase of a flat from HDB.

The applicant should be employed in the of application and remain gainfully employed before an HDB housing loan is disbursed month.

We will use your last drawn pay for assessment if you are employed but on no-pay leave for less than 6 months at the time of application. In the event that timeframe of no-pay leave is a few months or even more in the right time of application, your earnings won’t be considered.

Discover more about the papers you will need to submit centered on your nature of work.

Employed persons (with month-to-month CPF contribution)

As an applicant:
  • three months’ payslips preceding the thirty days of application or even a letter that is recent (sample)(JPEG, 125KB) through the boss certifying work designation, commencement date, and salaries for three months preceding the thirty days of application; and
  • Latest 15 months’ CPF contribution history (sample)(JPEG, 165KB)
Note:
As an occupier:
Records:

* Employed persons will have to submit payslips to demonstrate the break down of earnings elements received. As earnings taxation statements usually do not reflect the break down of earnings, they will never be accepted.

^ For evidence of earnings, all manager’s letters should have the business letterhead/ stamp, together with name, you could try these out signature, and designation regarding the certifying officer.

Employed individuals (without monthly CPF share)

As a job candidate:
  • 6 + months’ payslips preceding the thirty days of application, or even a letter that is recent (sample)(JPEG, 125KB) through the manager certifying task designation, commencement date, and salaries for 6 + months preceding the thirty days of application; and
  • Credit Bureau report # (sample)(JPEG, 176KB); and
  • Latest 6 + months’ bank statements passbook that is/PDF, 103KB)
Note:

+ For HLE applications received before 28 Aug 2018, or new flat applications received before Aug 2018 product sales launch, we shall require the latest year’ payslips additionally the latest year’ bank statements.

Being an occupier:

a couple of months’ payslips preceding the thirty days of application or even a present letter ^ (sample)(JPEG, 125KB) through the boss certifying task designation, commencement date, and salaries for three months preceding the month of application

Notes:

* Employed people will have to submit payslips to exhibit the break down of income elements received. As earnings tax statements try not to mirror the break down of earnings, they shall never be accepted.

^ For evidence of earnings, all manager’s letters need the organization letterhead/ stamp, plus the title, signature, and designation associated with the certifying officer.

# a duplicate regarding the Credit Bureau report can be requested online, or at any SingPost Branch. Instead, you can travel to the Credit Bureau workplace to get a study straight. A fee will be charged by the Credit Bureau for the report. When you yourself have requested to possess your report delivered straight to HDB, please submit a duplicate regarding the re re payment receipt for the verification.

Self-employed individuals

As a job candidate:
  • Latest Notice of Assessment (sample)(JPEG, 129KB) from IRAS or Certified statement that is annual of from a review company; and
  • Credit Bureau report # (sample)(JPEG, 176KB); and
  • Latest 6 + months’ bank statements passbook that is/PDF, 103KB)
Note:

+ For HLE applications received before 28 Aug 2018 or brand new flat applications received before Aug 2018 product sales launch, we are going to require the latest one year’ bank statements.

As an occupier:
  • Latest Notice of Assessment (sample)(JPEG, 129KB) from IRAS or Certified statement that is annual of from an review company
Note:

# a duplicate of this Credit Bureau report can be required online, or at any SingPost Branch. Alternatively, you can travel to the Credit Bureau workplace to directly obtain a report. The Credit Bureau will charge a charge for the report. When you yourself have requested to own your report sent straight to HDB, please submit a duplicate for the payment receipt for the verification.

Commission-based and part-time employees

As an applicant:
  • 6 + months’ commission statements/ payslips preceding the thirty days of application, or even a letter that is recent (sample)(JPEG, 125KB) through the manager certifying work designation, commencement date, and commissions/ salaries for 6 + months preceding the thirty days 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 thirty days of application, or even a letter that is recent (sample)(JPEG, 125KB) from the boss certifying work designation, commencement date, and commissions/ salaries for 6 + months preceding the thirty days of application

Records:

+ For HLE applications received before 28 Aug 2018 or brand brand new flat applications received before Aug 2018 product sales launch, we shall require the latest one year’ payment statements/ payslips. We shall likewise require the newest 12 months’ bank statements from applicants.

^ For evidence of earnings, all employer’s letters will need to have the organization letterhead/ stamp, together with title, signature, and designation of this certifying officer.

# a duplicate for the Credit Bureau report can be required online, or at any SingPost Branch. Alternatively, you can travel to the Credit Bureau workplace to directly obtain a report. A fee will be charged by the Credit Bureau for the report. When you yourself have requested to own your report sent straight to HDB, please submit a duplicate associated with the payment receipt for the verification.

Odd task workers

As a job candidate:
  • Latest Notice of Assessment (sample)(JPEG, 129KB) from IRAS or a current letter ^ (sample)(JPEG, 125KB) through the company certifying task designation, commencement date, and commission/ salaries for 6 + months preceding the thirty days 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)
Being an occupier:

Latest Notice of Assessment (sample)(JPEG, 129KB) from IRAS or a present letter ^ (sample)(JPEG, 125KB) through the manager certifying task designation, commencement date, and salaries for 6 + months preceding the thirty days of application

Records:

+ For HLE applications received before 28 Aug 2018 or brand new flat applications received before Aug 2018 sales launch, we shall require the latest Notice of Assessment from IRAS, or a recently available letter from manager certifying salaries going back year. We shall likewise require the most recent one year’ bank statements from applicants.

^ For evidence of earnings, all manager’s letters will need to have the business letterhead/ stamp, therefore the title, signature, and designation of this officer that is certifying.

# a duplicate for the Credit Bureau report can be required online, or at any SingPost Branch. Instead, you can travel to the Credit Bureau workplace to get a written report straight. A fee will be charged by the Credit Bureau for the report. For those who have required to possess your report delivered right to HDB, please submit a duplicate regarding the re payment receipt for the verification.

Unemployed persons

You will need to submit a valid Student Pass if you are a full time student aged 18 to 62.

In addition, if you’ve been unemployed at under three months, listed here papers are needed:

  • Earnings proof for the month( that is preceding) through the previous manager saying your gross month-to-month income and last day’s solution; and
  • Latest 15 months’ CPF contribution history (sample)(JPEG, 165KB)