Property Mortgage Loans
A mortgage loan is a type of loan that allows the borrower to purchase a house or property.
If you’re looking for a quick and simple way to buy your dream property in Singapore, then this is the right place.
We have various property mortgage loans that best suit your needs.
Differences in Property Mortgage Loans
| VM Credit | Financial Institutions | |
|---|---|---|
| Basis for loan approval | Real Estate | Income, credit score, credit history, etc |
| Minimum credit rating | Not Critical | BB |
| Documentation | Minimal | Significant |
| Property Types | All except HDB and JTC properties | Typically residential and commercial (depending on trades) |
| Loan Terms | Flexible | Rigid |
| Approval Process | Within 1 week | A few days to a few weeks |
| Loan Disbursement | Within 1-2 weeks from approval | 2-3 months from approval |
How We Work
Step 1
Processing & Approval
- With all necessary documentation submitted, we will process your application, and you will hear from us within a few working days, depending on the complexity of the case.
Step 2
Loan Disbursement
- We will send you a letter of offer.
- Upon acceptance, we will proceed with mortgage processing.
- Loans will be disbursed as fast as within a few working days from loan approval (for fully paid properties); and up to 4 weeks (for properties with existing bank loans and/or CPF usage due to the longer time it takes your existing financier to prepare the redemption documents).
Step 3
Monthly Repayment
- Our no-frills approach allows you to choose between:
– Cash
– Cheque
– Interbank Transfer
– GIRO to make your monthly repayments
