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I understand your concern as a first-time buyer. Receiving your HDB Loan Eligibility (HLE) letter is an important first step, but the loan amount can sometimes be less than expected, as in your case.

The HDB calculates loan amounts based on various factors, including income stability, credit history, and existing financial commitments. It's important to note that even if your income increases significantly, the loan amount may not increase proportionally. This is because the HDB also considers the stability and consistency of income sources. For instance, income from a second job might not be viewed as stable as your primary income, affecting the loan amount.

However, there are ways to appeal for a higher loan:

1. Provide Detailed Documentation: Submit detailed and consistent proof of income from your second job. This includes payslips, tax returns, and any other relevant documentation that can demonstrate the stability and longevity of your second job.

2. Explain Your Financial Situation: Write a detailed appeal letter explaining your financial situation, your need for a larger loan, and how you plan to manage the increased financial responsibility. It's essential to assure HDB of your capability to repay the loan without financial distress.

3. Credit History: Ensure your credit history is in good standing. If there are any issues, address them before making the appeal, as a good credit score can significantly impact loan assessments.

4. Explore Alternative Financing Options: While waiting for the appeal, explore other financing options. This includes bank loans, which might offer higher amounts but come with different interest rates and terms.

5. Consider Different Flat Options: If the appeal does not succeed, you might need to consider other flat options within your budget, such as a smaller unit or a different location.

Remember, each case is unique, and HDB evaluates loan applications on a case-by-case basis. Persistence and providing the right documentation can make a difference in your appeal.

If you need more personalized advice or assistance in navigating the HDB property process, do not hesitate to contact me at 8736 8736  . I'm here to help you through every step of your home-buying journey.

Best regards,
Andik Read More

Hi, appreciate your sharing. Propose to await for 6 months for higher pay for higher loan.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More

Hi

I will be glad to assist.
Appreciate if you can contact me at (65) 96608508 
Thank you.

Warmest regards,

Silvia Yang Read More

Hi,

You might wish to try for bank loan to see if you can secure a higher loan?

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile +65 97 48 63 05. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
+65 97 48 63 05
PropNex Realty Read More

Hi Azir,

If you are only looking to take up HDB loan, the only way is for you try appealing again.

I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Group Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
 +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

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Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More

Pledging / show funds via bank loan, Let's meet over coffee to discuss!

Travis Toh Huttons
Huttons Associate Marketing Manager
 +65 88554382  Read More

(PART 1 OF 2)

My Answer with regards to your Question:

Consider exploring the option of applying for a bank loan to determine if you can secure a higher loan amount.

- I am Happy to Help with No obligations! If you have any more questions or need assistance, FEEL GOOD to let me know. I am here for You! Cheers :)

Able Toh-ERA, Singapore Mobile :( +65) 9856 9255 

—————————

(PART 2 OF 2)

2 CHOICES Highly Recommended for you!

(1) GOOD CHOICE: CONNECT with me at:

Able Toh-ERA, Singapore Mobile :( +65) 9856 9255 

OR

(2) WISE CHOICE : SAVE my name and mobile for your FUTURE Real Estate Needs for Your OWN NEEDS or REFERRAL NEEDS : Your FAMILY /FRIENDS NEEDS ( As I try my best to PRO a network of Professionals such as lawyers , Mortgage bankers or Home insurance specialist or partnering with other co-broke property agents ) to make property Purchase / Sales / Rent a TIME & EFFORTS SAVING Journey For You :)

Please Choose and Hopefully you DO IMPLEMENT :)

Final Note: For BUYERS: SOLUTION for sourcing of RESALE and NEW PRIVATE Home such as Condominium or Landed properties. Represent you as BUYER > Currently there will be No FEES / Commission Charged to you. (If required a fee for some situations, I will discuss further and seek your approval first) Read More