Property Financing
Individuals and businesses that have privatised properties are able to withdraw their paid equity as a loan for short term and high return investments
Products: Property Refinancing, Property Cash-out
- Minimum quantum from S$100,000
- Up to 30 years
- Fixed vs Floating rates available
- Processing time from 2 days
Property Financing : A type of loan granted for the purpose of purchasing of properties. Usually with a tenure of up to 25 years depending on the purchaser of the property. Interest rate is cheapest as compared to all other type of financing as it is fully secured by the property. Loan to Value of up to 80% for residential property and up to 120% for commercial property which the latter consist of a portion of unsecured term loan which can be used for renovation.
Project Financing: A bundled facility granted to a business for the fulfilment of a certain contract (e.g. Construction contract, Blanket order, etc). The bundled facilities may come in a form of standby credit facilities, trade financing, revolving short-term loan and etc depending on the cashflow projection and the requirement of the particular project. The project cashflow will be used as a primary form of repayment to the lender with the project’s assets, rights and interests held as a secondary form of collateral. The facilities will cease upon the completion of the particular project.
Trade Financing: A facility granted usually by large and reputable FIs to settle the conflicting requirement between an importer and exporter. An exporter can mitigate its payment risk as it is an arranged payment from the reputable FIs directly while on the same time accelerating the receivables. On the other hand, an importer reduces the risk as FIs only make payment upon receiving the bill of lading while on the same time receiving an extended credit term on their payment from the FIs.
For domestic trades, the FIs pay the supplier on the behalf of the client while granting an extended credit term to the client.
