How long does it take for IPA to be approved?
It takes around 8 weeks to process the application. It may take longer if additional information is required. You can check the application status online. If approved, we will email the in-principle approval (IPA) letter to the contact person indicated in the application.
How do I get an IPA letter from a bank?
Banks will process your application by checking if you fit their criteria, followed by a background check. Some of the criteria include your current Total Debt Servicing Ratio (TDSR) level and possibly, your Mortgage Servicing Ratio (MSR) for HDB properties. You will soon receive a response for your application.
What is in principle approval IPA?
An in-principle approval ( IPA ) is one of the requirements for you to bring migrant workers into Singapore. You will get an IPA letter when your worker’s Work Permit application is approved. The validity of the IPA will be mentioned in the letter. This is the window you have to bring the worker into Singapore.
What is IPA in credit card?
In-Principle approval is a process between a home loan borrower and a Bank (the lender).
How can I travel to Singapore with an IPA letter?
Coming to your question, since your EP has been already approved, you IPA letter serves as your entry visa to Singapore. You can proceed with booking your tickets to Singapore. Once you enter Singapore, you will receive an embarkation card (VERY IMPORTANT) at the immigration.
How to check the validity of an IPA in Singapore?
The validity of the IPA will be mentioned in the letter. This is the window you have to bring the foreign worker to Singapore. To check the validity of an IPA, use Work Permit or IPA Validity Check via WP Online (Non-login).
How do I get an Employment Pass (EP) for Singapore?
Once you’ve received your IPA letter from MOM, you need to enter Singapore and get your Employment Pass (EP) issued. Your HR or your employment agency can issue the EP, but only after you have successfully entered Singapore using your IPA letter to enter, not on a tourist visa.
What is in-principle approval (IPA) for foreign worker?
In-principle approval (IPA) for foreign worker. You will get an in-principle approval if your Work Permit application is approved. An in-principle approval (IPA) is one of the requirements for getting foreign workers to Singapore.