Process of applying for an HDB Loan
There are TWO main steps to this process.
Firstly, you need to obtain an HDB Home Loan Eligibility letter (HLE letter). Apply for it on the HDB website.
Secondly, when you have the HLE letter, upload all the necessary documents unto the HDB portal.
That’s it. You can then track your application on the MyHDB portal. Typically, HDB replies within 14 days.
If your application is accepted, HDB will be in touch to finalise loan matters, such as whether you intend to service the mortgage payments in cash, or via you and/or your co-applicant’s CPF Ordinary Account(s) (CPF-OA). Note that the interest rate for a HDB Concessionary Loan is pegged at 0.1% above the CPF-OA account interest rate.