tulipz 0 Report post Posted August 6, 2012 (edited) Hi guys,I am looking to buy a new flat, first timer! so need to consult the experts here.Last week I submitted a HLE loan application to HDB and was only a granted loan up to $228,900 but based on the HLE calculator by HDB it says the combined income of my fiancée and me can loan up to 490K.We both are 27 this year. I am a civil servant earning about 2.5k+ (pay rise for the month of July, previous 2.1k) with additional of $450 allowance, my allowance is fixed and consistent every month. So I'm earning a total of 3k starting from July. My fiancée previously earning 2.3K for the past one year, she changed her job and took a short break of about 6 weeks. She started her new job on the 3rd week of June thus there is no income on the month of May and pro-rated salary for the month of June. She's earning 2.6K per month. Our total combined income is about 5.6K but why we can only loan up to $228,900? Our total combined CPF savings is only about 45K+ and we do not have any kind of outstanding loan. May I know what factors they're looking at when they processed our applications?Also what kind of grants is available? I'm looking to buy a DBSS unit at Tampines where by parents are staying.Thanks for the help people! Edited August 6, 2012 by tulipz Share this post Link to post Share on other sites
therat 18 Report post Posted August 6, 2012 I don't think HDB consider allowance.They are using basic salary.When you submit your salary, you use 2.5k payslip or 3k payslip?HLE is depend on the doc you had submitted. Share this post Link to post Share on other sites
