Loan Processing

Before you apply loan application, you need to prepare some necessary documents such as:

* Original copy of the Sales and Purchase Agreement
* Copy of the title deed if available
* Photocopy of your IC
* A copy of your last 3 months pay or your last 6 month’s bank statement (if self-employed)
* Letter of confirmation on income and years of service from your employer
* A copy of Income Tax Return/EA form for the past 3 years


For Private Sector Loan Application Process:

 Submission of loan application form with the necessary documents

 Interview by end-financier

 Letter of Offer upon approval from end-financier

 Letter of Offer duly signed by you as acceptance of the offer and returned to the end-financier with a copy to the developer

 End-financiers letter of instruction to their solicitor to prepare the loan document which may either be:

  • Deed of Assignment and Loan Arrangement (for Strata Units); or
  • Memorandum of Transfer Form 14A and Charge Form (Landed Units with individual titles)

 Letter from end-financier advising you to execute the loan documents at the solicitor’s office

 Loan documents forwarded to end-financier for execution

 Loan documents returned to solicitors who will then forwards to the developer for the execution of Memorandum of Transfer

 Executed loan documents returned to solicitor for stamping and registration.

 Stamped loan documents forwarded to end-financier for safekeeping. A copy each is given to the purchaser and developer

 End-financier will release payment to developer progressively in accordance to the Third Schedule of the Sale and Purchase Agreement upon receipt of our invoice


For Government Sector Loan Application Process:

You may visit Lembaga Pembiayaan Perumahan Sektor Awam(LPPSA) website for more information.