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Old 05-12-2018, 04:04 PM   #1
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Join Date: Oct 2011
Posts: 26
Need advice regarding loan

Hi everyone really need advice regarding loan now I知 unable to get any loan despite already sold off my hdb flat (completion date end Jan 2019) because I知 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..
Luna05 is offline   Reply With Quote
Old 05-12-2018, 06:17 PM   #2
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Join Date: Apr 2015
Posts: 15,196
Hi everyone really need advice regarding loan now I知 unable to get any loan despite already sold off my hdb flat (completion date end Jan 2019) because I知 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.
Trazora is offline   Reply With Quote
Old 05-12-2018, 07:38 PM   #3
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Posts: 1,229
Loans are all tied to MAS regulations regarding TDSR. No licensed lender can loan u based on part time income.

Why sell the HDB?
yoongf is offline   Reply With Quote
Old 05-12-2018, 08:24 PM   #4
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Join Date: Aug 2018
Posts: 360
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.
ELKYme is offline   Reply With Quote
Old 06-12-2018, 01:43 AM   #5
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Join Date: Mar 2004
Posts: 10,696
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)?
henrylbh is online now   Reply With Quote
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