Juz curious if a combine salary of 120k on last year Notice Of Assessment can one qualify for HLE? Thanks in advance for any comments....

The criteria goes by monthly combined income, ie. monthly household income not exceeding $8,000.

Juz curious if a combine salary of 120k on last year Notice Of Assessment can one qualify for HLE? Thanks in advance for any comments....

120k divide by 12 months = $10k monthly.

What do you think since the limit is $8k?

120k divide by 12 months = $10k monthly.

What do you think since the limit is $8k?

$120k should have included bonus & 13th AWS, so $10k per month is not accurate.

If > $8k, can only go for bank loan.

i thought it's average income over the past two years?

i thought it's average income over the past two years?

hle is 8k per mth combined income. 120k, maybe out of it, 60k is bonus? so 60k/12mth < 8k per mth. so still qualify for hle

yah but they look at your income over the past two years wor

i thought it's average income over the past two years?

you THINK too much. What you THOUGHT is not what is being used as a guage in real life.

Juz curious if a combine salary of 120k on last year Notice Of Assessment can one qualify for HLE? Thanks in advance for any comments....

i thought it's average income over the past two years?

For employed staff, HDB primary concern on HLE is the basic pay over a year. Aint too sure if u r refering to self-employed personnel over the 2 year criteria. But i do know some loan applications r subjected on case by case basic. E.g i hv this unique pay structure due to nature of my work, where they forget to add-on my fixed allowance n insisted on intial loan sum will b based on my basic pay only. But after proving fact with my last 15 mths CPF contribution, my loan was reviewed to a higher quantum.

you THINK too much. What you THOUGHT is not what is being used as a guage in real life.

So wat u THINK may not b what u THOUGHT also.. renotalk is one of the most friendly forum i hv come across for noobies n it will still b.. lets dun b everyones daddy but a friend.. Cheers~!

strange, coz when i applied for my flat

they used my average income over the past two years

if based on my basic only, there's no way i can get a loan

fyi, my basic was only $1,790 at the time i applied for the HLE

loan quantum given was around $280,000 :unsure:

Edited October 10, 200818 yr by applefreak

btw, the $120k annual income question fall under eligibility of applying HDB loan

eligibility says that the $8k ceiling is measure by gross income

inclusive of every whistle and bell in the pay package

For the best interest of everyone, kindly refer to the link below. Anyway ms apple, think u r quite lucky then cos they r quite strict these days.. keep emphasizing they will only consider BASIC pay...

http://www.hdb.gov.sg/fi10/fi10201p.nsf/WP...nt?OpenDocument

yah but they look at your income over the past two years wor

no wor. dey din look at it like this, at least in my case.

they considered only my basic pay wor. My last 2 yr dont have pay. kekeke...

Edited October 12, 200818 yr by SkimMilk

For the best interest of everyone, kindly refer to the link below. Anyway ms apple, think u r quite lucky then cos they r quite strict these days.. keep emphasizing they will only consider BASIC pay...

http://www.hdb.gov.sg/fi10/fi10201p.nsf/WP...nt?OpenDocument

then i think i was really lucky then

or maybe they were desperate to sell all the unsold units then :dunno:

use this link for the income ceiling though

https://services2.hdb.gov.sg/webapp/BP27Max...n/BP27PMax0.jsp

Edited October 12, 200818 yr by applefreak