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What is an In-Principle Approval and Letter of Offer?

Updated by HDB
An In-Principle Approval (IPA) is an assessment of your eligible housing loan amount to be provided by a financial institution (FI). A Letter of Offer (LO) is an offer made by an FI of a contract for mortgage loan stating the terms and the exact loan amount.

This information is sourced from HDB.

Topics:

HDB Flat Eligibility (HFE) LetterIntegrated Loan Application Service

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