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A "property cash-out" in Singapore, also commonly referred to as cash-out refinancing or a home equity loan, is a financial facility that allows a property owner to unlock the value (equity) tied up in their property and receive it as cash. Instead of selling the property, you leverage its value to get a new loan or a larger loan.
A "property cash-out" in Singapore, also commonly referred to as cash-out refinancing or a home equity loan, is a financial facility that allows a property owner to unlock the value (equity) tied up in their property and receive it as cash. Instead of selling the property, you leverage its value to get a new loan or a larger loan.
- For Residential Property (Condo including EC, Landed, Shophouses)
- For Commercial property (B1, B2, Commercial, etc)
- JTC subject to approval
Key Features
Key Features
By tapping on Singapore Financial Institutions, you will not be subjected to the TDSR (Total Debt Service Ratio) framework. (55% of your monthly Income)
No Age Restrictions
Do not need to proof or show your repayment ability
Flexible structure like; Overdraft, Principal + Interest scheme or Interest servicing
Higher LTV (Loan to Value) compared to banks.
Questions to fill up:
What is the property address? What is the unit number? Is it a corner unit, penthouse or at level 1? What is the postal code?
What is the current outstanding of the mortgage loan for the said property?
What is the current financing bank that supported your mortgage loan for your said property?
Is there any usage of CPF either singly or jointly?
How old are the owners? Will there be able to discharge their CPF? Is there sufficient funds in their Retirement Account in order to discharge?
What is the Land area in sq ft? (For Landed or commercial property)
What is the Build-up area in sq ft? (For Landed or commercial property)
What is the size of your unit in sq ft?
Is it freehold or lease? If lease, how many remaining years left? When did you brought it?
Is it singly own or jointly own? If jointly, who are the owners?
Is the property tagged under Business or Personal?
Documents required for Property Gear-up/Cashout
Owners' Credit Bureau Singapore - Latest within a month.
Owners' Notice of Assessment IRAS (Income Tax) - Latest 2 years.
Owners' CPF statement which reflected the usage on the property within the latest month.
Account of Statement from bank that reflects the total outstanding amount within the latest month.
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