Property Mortgage Loans

We are here to help you when
- You do not qualify for traditional financing due to issues with income, current liabilities, nature of properties etc
- You have an imperfect credit history
- You have ample equity in your property and need cash
- You need a loan quickly and can’t wait for 3 to 6 months for a traditional bank loan
- You are trying to avoid foreclosure and restructure your debt
- You are a foreign national
- You need a complex loan with multiple pieces of collateral
- You need a creative solution when your loan does not fit into the traditional lending guidelines
Differences in Mortgage Loans
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Bank | VM Credit | |
---|---|---|
Basis for loan approval | Income, credit score, credit history etc | Real Estate |
Minimum credit rating | BB | Not important |
Documentation | Significant | Minimal |
Property Types | Typically residential and commercial (depending on trades) | All except HDB and JTC properties |
Loan Terms | Rigid | Flexible |
Approval Process | A few weeks | Within 2 weeks |
Loan Disbursement | 3 months from approval | Within 2 weeks from approval |
We Provide
- Up to 60% equity-based lending against commercial and residential properties
- Loan tenure up to 15 years
- Flexible funding solutions in accordance to your needs and requirements
- Fast and efficient response since our loans are privately funded
- Ease of documentation requirements with minimal paperwork
- Ease of documentation requirements with minimal paperwork
- No upfront and/or hidden fees
- No lock in period for most of our loan programs, thus allowing partial prepayment and full redemption anytime without incurring any penalty.
- You need a complex loan with multiple pieces of collateral
- High degree of transparency with lawyers handling all the necessary legal documentation
How We Work
Step 1
Processing & Approval
- With all necessary documentation submitted, we will process your application, and you will hear from us in 5 to 10 working days
- This depends on the complexity of the case
Step 2
Loan Disbursement
- We will send you a letter of offer
- Upon acceptance, we will proceed with mortgage processing.
- Loans will be disbursed between approximately 10 working days (for fully paid properties) to 4 weeks (for properties with existing bank loans and/or CPF usage)
Step 3
Monthly Repayment
- Our no-frills approach allows you to choose between:
– Cash
– Cheque
– Interbank Tranfer
– GIRO to make your monthly repayments