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Dear Gurus, I am an insurance agent my annual income is 100k per annum and my wife fixed monthly income is at 4300 per month. As my income is a mix of recurring income, bonuses, 1 time incentives and also first year commissions what portion actually counts towards the 12k ceiling for EC?

Regards,
Confused Buyer
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1 Answer

Ivan Ng
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Hi,

generally speaking, those of a recurring nature is factored in but those of a 1-off basis are not. However, at the end of the day approval is still subject to HDB approval, which is why applicants do an eApp first.

May we get in touch over email to discuss more? will be glad to share with you the details and the value-buys of ECs today. Thanks.

Warm regards,
Ivan ERA
 97432395 
ivanng10@gmail.com
www.ivanng10.com Read More
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