Private Sector Loan Application

A panel of end-financiers have been appointed to provide loans to those who qualify. Still, the final decision lies with you as you are free to choose any end-financier of your choice. However, to avoid delay in loan processing, we suggest you use our panel of end-financiers. If you require our assistance to apply for a loan, you must forward the following:

Original copy of the Sale and Purchase Agreement
Copy of the title deed if available
Photocopy of your IC
A copy of your last 3 month’s pay or your last 6 month’s bank statement (if self-employed)
Letter of confirmation on income and years of service from your employer
A copy of Income tax return/EA form for the past 3 years

Sequence of Loan Processing

Submission of loan application form with the necessary documents.
Interview by end-financier.
Letter of Offer upon approval from end-financier.
The Letter of Offer fully signed by you as acceptance of the offer and returned to the end-financier with a copy to the developer.
End-financier’s letter of instruction to their solicitor to prepare the loan document which may be either:
- Deed of Assignment and Loan Arrangement (for Strata Units); or
- Memorandum of Transfer Form 14A and Charge Form (Landed units with individual titles).
Letter from end-financier advising you to execute loan documents at solicitor’s office.
Loan documents forwarded to end-financier for execution.
Loan documents returned to solicitors who will forward to developer for execution of Memorandum of Transfer.
Executed loan documents returned to solicitor for stamping and registration. Stamped loan documents forwarded to end-financier for safe keeping. A copy each is given to purchaser and developer.
End-financier will release payments to developer progressively in accordance to the Third Schedule of the Sale and Purchase Agreement upon receipt of our invoice.

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