Let me make it clear about Income instructions along with other Documents

To process the application for the HDB Loan Eligibility (HLE) letter, we have to have the necessary earnings papers for many individuals placed in the application form. In the event that papers are incomplete, the HLE application is not prepared. We possibly may additionally request documents that are additional be submitted for credit evaluation function.

If you’re working overseas, please submit extra income proof such as for example your work pass, work license, company papers, or overseas earnings tax statements. A english that is official translation needed in the event that initial papers aren’t in English, Mandarin, Malay or Tamil.

Listed here types of income/ allowance will never be considered for credit assessment:

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

* This applies for HLE applications received from 28 Aug 2018. For sale of a set from HDB, the revised directions will apply if both your HLE and new flat applications are received from the Aug 2018 product sales launch onwards.

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

If you’re used but on no-pay leave at under half a year during the time of application, we are going to make use of your final drawn pay money for evaluation. In the event that timeframe of no-pay leave is a few months or higher during the right period of application, your earnings won’t be considered.

Learn more about the documents you’ll want to submit according to your nature of employment.

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

As a job candidate:
  • a few months’ payslips preceding the thirty days of application or 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 tax statements try not to mirror the break down of earnings, they shall never be accepted.

^ For evidence of earnings, all boss’s letters should have the business letterhead/ stamp, additionally the title, signature, and designation associated with the certifying officer.

Employed people (without month-to-month CPF contribution)

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 boss certifying work 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 (PDF, 103KB)
Note:

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

Being an occupier:

a couple of 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

Records:

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

^ For evidence of earnings, all company’s letters will need to have the business letterhead/ stamp, and also the title, signature, and designation regarding the certifying officer.

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

Self-employed people

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 (PDF, 103KB)
Note:

+ For HLE applications received before 28 Aug 2018 or brand brand new flat applications received before Aug 2018 product product sales launch, we’re 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 audit company
Note:

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

Commission-based and part-time employees

As a job candidate:
  • 6 + months’ commission statements/ payslips preceding the thirty days of application, or even a letter that is recent (sample)(JPEG, 125KB) through the boss certifying task 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)
Being an occupier:

6 + months’ commission statements/ payslips preceding the month of application, or a present letter ^ (sample)(JPEG, 125KB) through the boss certifying work designation, commencement date, and commissions/ salaries for 6 + months preceding the thirty days of application

Notes:

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

^ For evidence of earnings, all boss’s letters will need to have the business letterhead/ stamp, in addition to title, signature, and designation associated with the officer that is certifying.

# a duplicate for the Credit Bureau report can online be requested, or at any SingPost Branch. Instead, you can visit the Credit Bureau workplace to directly obtain a report. A fee will be charged by the Credit Bureau for the report. For those who have required to possess your report delivered straight to HDB, please submit a duplicate associated with re payment receipt for the verification.

Odd job employees

As a job candidate:
  • Latest Notice of Assessment (sample)(JPEG, 129KB) from IRAS or even a letter that is recent (sample)(JPEG, 125KB) through the boss certifying work designation, commencement date, and payment/ 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 even a letter that is recent (sample)(JPEG, 125KB) through the boss certifying task designation, commencement date, and salaries for 6 + months preceding the month 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 notice that is latest of Assessment from IRAS, or a current letter from manager certifying salaries going back year. We shall likewise require the newest one year’ bank statements from candidates.

^ For evidence of earnings, all boss’s letters will need to have the business letterhead/ stamp, in addition to name, signature, and designation associated with the officer that is certifying.

# a duplicate of this Credit Bureau report can online be requested, 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. For those who have required to own your report sent straight to HDB, please submit a duplicate associated with re site here payment receipt for the verification.

Unemployed persons

If you’re a complete time student aged 18 to 62, you need to submit a valid pupil Pass.

In addition, if you’ve been unemployed at under a few months, the next papers are expected:

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