Loan to Purchase / Investment Property/Transfer Sale
We have this loan facility for the customers wishing to purchase a property either land only or land with house from an outside vendor or from our existing customers and needs finance from us. We can finance for residential properties, or even commercial properties of the buyers will also reside on the commercial property.

Customers who want to buy incomplete house or wants to renovate or upgrade the house can also apply under this scheme. If customer buys an incomplete house he/she has to take additional loan to complete the house.

Terms and Conditions.
Interest rate of 4.45% fixed for two years and 7.99% thereafter.
Loan term of 30 years depending on the age. Client has to be 21 years or over.
Deposit of 10% for salary deduction clients and 30% for cash paying clients. Total commitment of 35% of gross salary for income less than $25,000 per annum and 40% above $25,000.

Requirements:
For Land:
Certified true copy of title.
Pay slips / Statutory Declaration (Self employed)/ Income Statements / Cash flows / three years audited financial report.
Marriage or Birth certificates.
FNPF Housing eligibility statement if arranging deposit from FNPF.
FNPF Card / Passport / ID Cards.
Bank Statement for at least 6 months.
Statement of any village loan from FNPF
Application fee $27.50.
Consent letter from the vendor.
Acceptance of vendors offer by the client.
Independent valuation report if value more than $50,000. and seeking FNPF deposit.
Consent fee - HA $88.00
NLTB $110.00
Methodist Church $110.00
Lands Dept $33.00
For House buyers all the above plus:
Approved Plan and completion certificate.
Engineers Certificate.