HDB Loan Eligibility letter – HDB resale flat for rent
HDB resale flat for rent – With effect from 1/1/2007, all potential flat buyers and transferees who wish to get a HDB concessionary loan are required to first obtain an HDB Loan Eligibility (HLE) letter. The HLE letter must be dated before the OTP exercise date. If buyer is not taking any HDB or Bank loan, agent should ask for a letter from buyer confirming that he/she is not taking any loan. The HLE letter is valid for 3 months only. The buyer needs to reapply if the HLE has expired. The HLE letter contains the following information:
- Maximum Loan amount
- Maximum Loan repayment Period
- Monthly installment payment
Please click here to search for HDB resale flat for rent.
