What is Reimbursement Loan?

A loan that allows you to reimburse the money you spent on purchasing a property by using that same property as collateral.

Things to Remember:

  • TCT/CCT should be under Borrower's Name and no annotations from other financial institution.

  • Seller needs to sign/execute a Notarized Quit Claim that as borrowers, you have no outstanding balance with the seller.

  • Proceeds of the loan will directly be credited to the Borrower's account, not the seller's.

  • Bank will process the loan booking once they receive the original TCT/CCT under the Borrower's name.

  • Applicable interest will be based on the bank's prevailing rates at the time of loan booking.

‼️ Please Note: Title transferred to Primary Owner should be less than a year.

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