Property Caveat

A Caveat Loan is a type of secured loan where a business or individual uses their existing property (residential, commercial, or industrial) as collateral, even if it already has an outstanding mortgage. The lender secures their interest by lodging a caveat against the property's title. 

Key features

1. Rapid Fund Disbursement:

   • Access essential capital swiftly, often with funds disbursed to you within 5 to 7 working days of approval. This speed is crucial for urgent business needs or seizing timely opportunities.

2. Flexible Eligibility (Beyond Traditional Banks):

   • Our criteria often focus more on the equity in your property rather than solely on extensive financial statements or strict credit scores. This provides a more accessible financing option compared to conventional bank loans.

3. Unlock Property Equity Without Refinancing:

   • Tap into the value you've built in your property without needing to replace your existing mortgage. This allows you to secure additional funds while potentially retaining your current home loan's favorable terms.

4. Leverage Individual Property Share (For Tenancy in Common):

   • If you co-own a property under a Tenancy in Common arrangement, you may be able to secure a loan against your individual share of the property's equity. This facility allows you to access capital from your portion of the asset without requiring direct involvement or consent from other co-owners, provided your ownership structure allows for such an arrangement.

Document required for assessment

• Property address for caveat.

• Keyman's Credit Bureau Singapore - Latest within a month.

• Keyman's Notice of Assessment IRAS (Income Tax) - 2 years Income Tax.

• ROC of the company you wish to tap on for the caveat loan.