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How do I apply for a housing loan from the participating FIs using this service?
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Source: https://www.hdb.gov.sgWhen applying for an HFE letter, you can view and compare housing loans offered by the participating FIs and HDB, and concurrently apply for an IPA to your preferred FI(s) to know your eligible housing loan amount. ii. Request for a Letter of Offer (LO)
If you have received an IPA via the HDB Flat Portal, you can compare housing loan packages and request for a LO from your preferred FI to confirm the housing loan offer through: • The digital platform to guide new flat buyers after booking a flat; or
• The "Convert IPA to LO" e-Service for resale flat buyers after they have received an outcome for their Request for Value. Do note that you must have a valid LO before you exercise the Option to Purchase to buy a resale flat. The FIs will liaise with you directly on accepting the housing loan offer. Please accept only 1 LO from an FI to finance your flat purchase. The IPA and LO applications will be sent to the FI(s) of your choice. The FI(s) will inform you of the outcome of your application.
This information provided here is sourced from the HDB website.
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