PROPERTY LOAN SINGAPORE

We help to get your property loan Singapore approved, with the best interest rate and highest approval. Most importantly, it is hassle-free.

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    PROPERTY LOAN SINGAPORE

    In Bizsquare, we understand that property is normally one of the highest value assets that each of us has to pay in our lifetime; and getting a property loan approved in Singapore is not easy due to many government rulings.

    Therefore, we are here to help you get your desired property loan Singapore approved. Regardless of whether it is commercial, industrial property or residential; we got it all covered.

    However, there are differences between getting a commercial/industrial property loan and getting a residential property loan.

    Residential property loans tend to be quite similar across the board in terms of how much money you can borrow for any given property, with the value of the property being the bank’s main consideration apart from your financial standing. Approval amount is based on TDSR calculation.

    Commercial property loans, on the other hand, tend to be far more varied, and many factors might be considered by the bank in order to determine the loan amount to extend to you, including the anticipated use of the property, business profile, type of property, perceived risk, market conditions, company performance, director credit history and cashflow position of company.

    INDUSTRIAL AND COMMERCIAL PROPERTY LOAN

    GETTING A COMMERCIAL PROPERTY LOAN FOR NEW PURCHASE AND REFINANCING

    If you are looking to get a property loan to buy your new industrial or commercial unit, there are many things you need to take note.

    Loan-to-Value (LTV) Ratio For Your Commercial Property

    In general, most banks in Singapore will extend 80% to 90% of your property purchase price or valuation.

    Unlike taking a commercial property loan as an individual, your business is not restricted to any Total Debt Servicing Ratio (TDSR) requirements. However, your business financial standing and credit profile can affect how much loan banks may be willing to extend to you.

    Other Loan Facilities For Your Commercial Property Purchase

    When businesses purchase a commercial property, you can usually also add on a term loan or an overdraft facility. In certain instances, you can get more than 100% of the property value from these complementary loan facilities. Of course, interest rates will be different from the main commercial property loan that you are applying for.

    In addition, you can also use trade facilities such as Invoice Financing or Accounts Receivables Purchase to raise cash by turning your receivables into upfront cash. This can help form all or part of your downpayment on the commercial property.

    Loan Duration

    Similar to buying a property as an individual, you also have to consider how long you want to service your commercial property loan. Most banks in Singapore offer a repayment period of between 25 to 30 years for your commercial property loan.

    We provide commercial property loans for customers who are purchasing or refinancing the following:

    HDB shophouse
    (new or resale)

    Commercial shop
    (new or resale)

    Commercial offices
    (new or resale)

    Factories
    (new or resale)

    JTC factories
    (new or resale)

    RESIDENTIAL PROPERTY LOAN

    Similar to buying a property as an individual, you also have to consider how long you want to service your commercial property loan. Most banks in Singapore offer a repayment period of between 25 to 30 years for your commercial property loan.

    We provide residential property loans for customers who are purchasing or refinancing the following:

    Condominium

    Landed Property

    HDB Shophouse

    Bizsquare will help you in the following ways:

    1. Obtain the housing
    loan you need in the
    fastest timing

    2. Get the best rate

    3. Help you achieving
    the highest LTV of 75%

    4. Settle all the
    paperwork for you

    Therefore, you are able to save on your interest rate and save your time to liaise with the banks.

    HOW CAN YOU SAVE WITH BIZSQUARE?

    LOAN AMOUNT
    $1,000,000

    CURRENT INTEREST RATE

    3% P.A.

    INTEREST PER YEAR

    $30,000

    NEW INTEREST RATE

    1.4% P.A.

    NEW INTEREST PER YEAR

    $14,000

    SAVINGS FOR ONE YEAR

    $16,000

    With our refinancing, you save $16k per year for 2 years. (Total savings at $32k)

    APPLICATION PROCESS - STEP BY STEP GUIDE:

    STEP 1

    • Contact us via phone / sms / web contact form.
    • Fact finding / Phone discussion.
    • Email rates / proposal for consideration.

    STEP 2

    • Appointment/Discussion.
    • Application submission.
    • Bank’s credit underwriting & approval.

    STEP 3

    • Approval & issuance of lender’s offer letter.
    • Acceptance of offer letter.
    • Completion/Settlement.