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Hi Guru

My husband and I are both undischarged bankrupts. We intend to sell of our hdb resale flat and purchase a hdb direct flat.

My question is, will HDB still grant us HLE considering our status? Will the loan be at a much lesser amount? We would like to be sure that we will be given a loan sufficient enough for a second flat before going ahead with our plan.The monthly household income is $3200.

Your input is very much appreciated. Thanks.
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2 Answers

Mike Lim
Replied
Evening Jen,

Being undischarged bankrupt, HDB will still be able to grant you HLE with a much lower quantum. Other factors like have either of you utilized any HDB loan, your credit status, income stability will also affect the approval. You will need to write in to appeal for your case, providing the necessary documents to support the claim.

FYI
Mike Lim
 96929209 
ERA Read More
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Angela Chua 蔡斯淇
Replied
Hi Jen,

I can assist you with the HLE application first. In that way, you will be able to know how much HDB is able to loan you before you proceed to sell off your current flat.

Do contact me for further discussion.

Thank you.

Angela Chua
OrangeTee.com Pte Ltd
CEA Reg No: R007702C
H/P: 9323 3330  Read More
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