Asked 4w ago
Of course grants will be higher but won't that mean that HDB loan will be much lesser as well? Let's say for a couple with 3k income, they are eligible to receive a 65K grant but HDB loan only eligible for 140K, still can't afford a 4 rm BTO in a non matured, am i wrong?
The HDB grant will be determined at the point of application, whereas the HLE loan can be reassessed (closer to the key collection) to qualify for a higher loan amount. Do note that the first HLE is still required for the selection appointment if you want to take a HDB loan.
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