Jump to content
Find Professionals    Deals    Get Quotations   Portfolios

Recommended Posts

Hi Everyone!!! I want to apply for renovation loan but I don't know if I am eligible. 

1) Basic Salary: $2600

Gross $6k-$9k per month.

2) I just work with the current company for 9 months only. Before I join this company I worked as a freelance(no payslip). Cpf contribution only show 9 months.

3) I had checked my credit bureau report it shows GX. No outstanding loan with any banks. 

4) Will the bank need 12 month payslip?

5) My gross pay for 9 months of work already reach $58k

My ID quote me $40k to renovate the whole 5 room house. Anyone knows how the bank calculate or any chance bank will approved my renovation loan?

Thank-you.

31/07/2020

Edited by Goh Lee
 

Share this post


Link to post
Share on other sites

Join 46,923 satisfied homeowners who used renotalk quotation service to find interior designers. Get an estimated quotation
21 minutes ago, Goh Lee said:

Hi Everyone!!! I want to apply for renovation loan but I don't know if I am eligible. 

1) Basic Salary: $2600

Gross $6k-$9k per month.

2) I just work with the current company for 9 months only. Before I join this company I worked as a freelance(no payslip). Cpf contribution only show 9 months.

3) I had checked my credit bureau report it shows GX. No outstanding loan with any banks. 

4) Will the bank need 12 month payslip?

5) My gross pay for 9 months of work already reach $58k

My ID quote me $40k to renovate the whole 5 room house. Anyone knows how the bank calculate or any chance bank will approved my renovation loan?

Thank-you.

31/07/2020

 

 

Share this post


Link to post
Share on other sites

I think that your salary should be enough for you to be approved for a loan. But you better check this question with specialists whose qualifications allow them to understand this issue. Not long ago, I wanted to take out a bigger loan, but to buy a house, not for repairs. It also seemed to me that the probability of approval was low, although I have a good credit history. Then I used the help of an expert. You may want to consult Mortgage Advice Nottingham as well. There are many banks now with different terms and interest rates. I think you can find the right one if you want to.

 

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • advertisement_alt
  • advertisement_alt
  • advertisement_alt
Aura Sink download renotalk renovation guide


×