Need advice regarding loan

Luna05

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Hi everyone really need advice regarding loan now I’m unable to get any loan despite already sold off my hdb flat (completion date end Jan 2019) because I’m currently on a part time job..
Where should I look at for a loan? Less than 5k
I have all the documents on how much cash I will be getting after the completion but it seems like no one is willing to offer..
 

Trazora

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Hi everyone really need advice regarding loan now I’m unable to get any loan despite already sold off my hdb flat (completion date end Jan 2019) because I’m currently on a part time job..
Where should I look at for a loan? Less than 5k
I have all the documents on how much cash I will be getting after the completion but it seems like no one is willing to offer..

Do you have credit card or line of credit? If so, can take balance transfer loan without need to proof your income/ability to pay.
 

yoongf

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Loans are all tied to MAS regulations regarding TDSR. No licensed lender can loan u based on part time income.

Why sell the HDB?
 

ELKYme

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Luna05,
However desperate the situation is, please don’t borrow from unlicensed/licensed moneylenders as it’ll get worse.

Really hope that you’ll voluntarily self-exclude yourself from borrowing from LMLs.
https://www.moneylenders.sg/public-protection.php

Maybe you can try asking the property agent that transacted your HDB for a loan. Offer to issue him/her a post-dated check for the borrowed amount + ang pao + the commission on selling your HDB.
 

henrylbh

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Hi everyone really need advice regarding loan now I’m unable to get any loan despite already sold off my hdb flat (completion date end Jan 2019) because I’m currently on a part time job..
Where should I look at for a loan? Less than 5k
I have all the documents on how much cash I will be getting after the completion but it seems like no one is willing to offer..

If relatives cannot lend even with doc to show money coming in, who else would lend (without surety or pledge)?
 
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