Glossary

HFE Letter

DEFINITION

The HFE Letter, or HDB Flat Eligibility letter, confirms whether you are eligible to buy an HDB flat, what type of flat you can buy, the indicative housing grants you may receive, and whether you qualify for an HDB loan.

ELI5

It is a letter from HDB that tells you if you can buy a flat, what kind you may buy, what grants you may get, and if you can take an HDB loan.

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SORA

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Secured Loan

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Compounding Interest

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Total Debt Servicing Ratio (TDSR)

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