get an agent

Buy with an Agent

Dedicated experts at your service

Documentation Services

Leave the paperwork to us

do it yourself

Browse New Launch Condos

Find new units for sale

Browse Resale Listings

Connect with sellers through our app

RESOURCES

Calculate Buyer’s Stamp Duty

Find the amount payable when buying

Affordability Calculator

Find the amount payable when buying

How to Buy an HDB

A step-by-step guide to buying HDB

How to Buy a Private Property

A step-by-step guide to buying condo/landed

get an agent

Sell with an Agent

Dedicated experts at your service

Documentation Services

Leave the paperwork to us

do it yourself

Post a Listing for Free

Connect with buyers through our app

RESOURCES

Calculate Seller’s Stamp Duty

Find the amount payable when selling

How to Sell my HDB

A step-by-step guide to selling HDB

How to Sell my Private Property

A step-by-step guide to selling condo/landed

HOME E-VALUATION

For tenants

Rent with an Agent

Dedicated experts at your service

RESOURCES

How to Rent an HDB

A step-by-step guide to renting HDB

How to Rent a Private Property

A step-by-step guide to selling condo/landed

For landlords

Lease with an Agent

Dedicated experts at your service

Lease Documentation

Leave the paperwork to us

RESOURCES

How to Lease an HDB

A step-by-step guide to renting HDB

How to Lease a Private Property

A step-by-step guide to selling condo/landed

Do it yourself

ARTICLE CATEGORIES

HDB

All things about public housing

Private Property

All things about private property

Home Improvement

Guides for must-know reno tips

Financing

All about mortgage solutions

Towns

Singapore townships in focus

Client Stories

Success stories from customers

Founders’ Message

From the desks of Rhonda & Race Wong

Buyer Documentation Service from $1,688

Found your dream home?
Share on facebook
Share on twitter
Share on email
Share on whatsapp

HDB Loan Eligibility (HLE) Letter When Buying an HDB Flat for the First Time

Ohmyhome

Ohmyhome

Share on facebook
Share on email
Share on whatsapp

Buying your dream home is definitely exciting, especially for first-timers. One of the first steps when taking that leap towards adulting is financial planning. This ensures that you can finance the property that you intend to buy.

Getting the right financing is crucial. The HDB housing loan amount you can take will depend on your credit assessment, Loan-to-Value limit, remaining lease of the flat you are buying or taking over, and other HDB policies applicable at the point of the flat application.

This process involves requesting for an HDB Loan Eligibility (HLE) letter, a financial planning tool to help you budget for your flat purchase. You can request for an HLE using the HDB’s e-service.

When Are You Required to Have a Valid HLE Letter?

1. When Taking an HDB Loan

HDB requires all potential flat buyers and transferees who wish to get an HDB concessionary loan to first obtain an the HLE before they commit to any flat purchase.

Applicants without a valid HLE letter when they book a flat will not be eligible to apply for an HDB housing loan later on.

2. When Exercising the Option-to-Purchase

Planning to buy a resale flat? After your offer was accepted by the owner, the seller will grant you Option-To-Purchase (OTP) and you have up to 21 days to consider before exercising the OTP.

3. When Booking a Flat with the HDB

You need to produce a valid HLE at the point of flat selection. If your HLE is expiring in seven days, you must submit a fresh application, together with the supporting documents for the HDB’s review.

Alternatively, you may log in to My HDBPage using your SingPass to request for a cancellation of the current HLE letter. After the current HLE letter has been cancelled, you may then submit a fresh application along with the supporting documents.

Have you booked a flat, but have not yet signed the Agreement for Lease? If so, you do not need to apply for another HLE even if it has expired.

4. When Applying to Take Over the Ownership of a Flat (by way of transfer)

Before the transfer of flat ownership application, you must ensure that you can meet the eligibility criteria and fulfil one housing scheme to take over the flat.

You would also need to assess whether you have sufficient finances for the monies required for the transfer of ownership.

A mortgage loan is required if your available CPF Monies for Housing and any available cash is not sufficient to pay the amount of monies required. A valid HLE letter will then effect the transfer of ownership.

Take note that if you are not eligible for a loan from the HDB, you would have to get financing from private banks or other financial institutions.

Talk to our mortgage specialists with over 30 years of experience and get the best home loan across all banks suited to your needs.

Are you ready to buy your dream home? Here’s a step-by-step guide when buying a resale flat for Singapore Citizens. If you are a Singapore Permanent Resident (SPR), you need to be an SPR for at least three years to buy an HDB flat.

Find out the priority schemes and housing grants you may be eligible for.

If you need assistance when buying a resale flat, save on agent fees by engaging our in-house property agents from $2,288

Call 6886 9009 now.

Subscribe Now

Get a notification every time we upload a new blog post.

Buyer Documentation Service from $1,688

Found your dream home?

Featured Blogs

Your one-stop guide for must-know HDB tips

get an agent

Buy with an Agent

Dedicated experts at your service

Documentation Services

Leave the paperwork to us

Do it yourself

Browse New Launch Condos

Find new units for sale

Browse Resale Properties

Download the app and speak directly to sellers

RESOURCES

Affordability Calculator

Calculate required tax for selling

Calculate Buyer’s Stamp Duty

Find the amount payable when buying

How to Buy an HDB

A step-by-step guide to buying HDB

How to Buy a Private Property

A step-by-step guide to buying condo/landed

bUY OVERSEAS

get an agent

Sell with an Agent

Dedicated experts at your service

Documentation Services

Leave the paperwork to us

do it yourself

Post a Listing for Free

Download the app and connect with buyers

RESOURCES

Free Home E-Valuation

Know the value of your property in seconds!

Calculate Seller’s Stamp Duty

Find the amount payable when selling

How to Sell an HDB

A step-by-step guide to selling HDB

How to Sell my Private Property

A step-by-step guide to selling condo/landed

get an agent

Rent with an Agent

Dedicated experts at your service

do it yourself

Browse Rental Listings

Download the app and connect with landlords

RESOURCES

How to Rent an HDB

A step-by-step guide to renting HDB

How to Rent a Private Property

A step-by-step guide to renting condo/landed

get an agent

Lease with an Agent

Dedicated experts at your service

Lease Documentation

Leave the paperwork to us

do it yourself

Post a Listing for Free

Download the app and connect with tenants

RESOURCES

How to Lease my HDB

A step-by-step guide to renting out an HDB

How to Lease my Private Property

A step-by-step guide to renting out condo/landed

FEATURED ARTICLES

Condo Renting 101: Where to Look, Sizes and Cost

Looking for a condominium to rent ...

Ohmyhome Raises US$5M in Series A+ Funding

Ohmyhome, the leading Property 
One-Stop Shop Platform

ARTICLE CATEGORIES

HDB

All things about public housing

Private Property

All things about private property

Home Improvement

Guides for must-know reno tips

Financing

All about mortgage solutions

Towns

Singapore townships in focus

Client Stories

Success stories from customers

Founders’ Message

From the desks of Rhonda & Race Wong

Social media

Other