Does your loan come with lock in period or prepayment penalty?

Our secured loan facility may or may not have a prepayment penalty depending on the specific loan scenario.  It is always a prudent practice to check with us upfront on the prepayment penalty is if any when making the initial enquires.

The following table summarizes the key differences in terms of mortgage loan features between a conventional bank and us.

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  Banks VM Credit
Basis for loan approval Income, credit score, credit history etc Value of Real Estate
Minimum credit rating BB use credit rating for reference only
Documentation Significant Minimal
Property Types Typically residential and commercial (depending on trades) All except HDB and JTC properties
Loan Tenure & Repayment Structure Rigid Flexible
Approval Process A few weeks Within 2 weeks
Loan Disbursement 3 months from approval Within 2 weeks from approval