HDB InfoWEB : Financing Your Home (e-Financing) - HDB Housing Loan - Introduction
For consumers who wish to enjoy HDB's concessionary loan when purchasing a new HDB flat, they will have to produce an additional document, called a HDB Loan Eligibility (HLE) letter.
This new requirement will kick in from 1st January 2007.
According to HDB,
"This HLE letter must be obtained before committing to the purchase or transfer of a flat. This will provide prior information on your loan eligibility quantum and monthly instalment to ensure you are able to pay for your home and service the loan without overstretching your finances."
Consumers can apply for the HLE letter at this website.
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