current financial situation at the time of application, including your income, financial commitments, and other factors. If your salary increases after you've been approved for the loan, you may have the option to reassess your loan amount.
Here's what you can do:
Check with HDB: Contact HDB directly to inquire about the process for reassessing your loan amount. They will provide you with the necessary information and guide you through the steps required.
Submit Updated Information: You may need to provide updated financial information, including proof of your increased salary, to support your request for a reassessment of your loan amount.
Reassessment Criteria: HDB will reassess your loan amount based on your updated financial information and their eligibility criteria at the time of reassessment. The extent to which your loan amount can be increased will depend on various factors, including the magnitude of your salary increase and any changes in your financial commitments.
Financial Assessment: HDB will conduct a financial assessment to determine your new loan eligibility based on your updated financial situation. They will consider factors such as your income, existing debts, and other financial obligations.
Loan Adjustment: If your reassessment results in an increase in your loan amount, HDB will provide you with an updated HFE letter reflecting the revised loan eligibility.
It's essential to follow the procedures outlined by HDB and provide all necessary documentation to support your request for a loan reassessment. Keep in mind that any changes to your loan amount will be subject to HDB's approval based on their eligibility criteria and assessment guidelines.
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IF you Need Further Help For Property such as Renting / Selling / Buying or Investing ,...
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*** You can reach me at my Singapore mobile:
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From: ABLE Toh- Your Property ASSISTANT ：）
“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”
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