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I currently hold two permanent jobs, first job requires me to work from Mon-Fri ($3500 per month) and second job requires me to work from Sat-Sun ($1000 per month). I am planning to get a 4-room resale flat next year and was wondering if i apply for HDB loan, will HDB consider both income ($4500) to grant me the max loan amount?
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3 Answers

CK Ang
Replied
Hi Amelia, please drop me an email for me to advice you the computation for the loan.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More
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Mike Lim
Replied
Afternoon Amelia,

HDB will grant loan based on your basic income, excluding commission, allowance and reimbursement, where applicable. You will also be accessed based on your credit record, your age and balance of lease.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Ivan Ng
Replied
Hi Amelia,

Yes its correct, as long as theres cpf contribution, the incomes will be factored in. If its on self-employment basis, typically the income will not be fully recognized.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials) Read More
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