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? - Seedly
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Anonymous

Asked on 15 Sep 2020

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

    Level 6. Master

    Answered on 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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    Thank You!
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    Chuan lee

    Level 6. Master

    Answered on 16 Sep 2020

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

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    Thank You!
    Can you clarify
    I wonder if
    This is so helpful 👍
    What about
    Post