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Anonymous

16 Sep 2020

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My first HLE amount for the HDB Loan is not enough to cover the BTO unit i am intending to book. Will it be re-assess upon key collection in 4 years time such that I have a higher loan amount?

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Deedee

16 Sep 2020

I should believe so.. I booked my bto 4 years back, HLE amount for HDB loan was not enough to cover but if I recall correctly, the hdb officer said will reassess before key collection (my bto delayed due to covid). The initial booking of unit, the officer will advise you to save diligently or increase income if intend to hold onto the unit.
If never reassess, my partner and I may not be able to collect key :(

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Chuan lee

16 Sep 2020

Yes. Typically around 6m before key collection from what I read online.

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I think my monthly household income with my spouse will exceed $14,000 by the time of key collection. Does this mean that I will not be eligible for HDB loan at the point of time of the final HLE?

Can I get a 500k hdb bto project when my HLE loan is 300k? Reason im asking is because my fiance is not working now so our loan is only 300k, but i expect him to work when we collect our keys.

Hi, if my income has increased during the 2nd income assessment closer to keys collection, will HDB increase my eligible loan amount?

Will bank reassess our income and allow us to borrow higher loan amount when close to BTO key collections?

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