Terms and Conditions

Pre-Approval Terms and Conditions


Being pre-approved indicates you have a high chance of getting a loan. All applications are subject to income, asset/s, credit history and verification of other details as well as lending criteria and the lender's final approval.

Upon submitting your application, you have agreed and understood that:

1. Pre-approval does not guarantee final approval and there is a possibility that your application may be declined.
2. If your application is declined, the lender/broker has no obligation to disclose the reason due to privacy protection.

If you do not agree to the terms above, please do not apply for a loan.

Loan Amount Calculation (General Guide)

Loan amount is determined by a few factors: asset/s value, income, repayment-ability, credit history and others.


Final Verification

After pre-approval, a full application form must be completed by all applicants and verification documents including income, asset/s and photo identification must be provided for final verification to be carried out.

Other Situations

In some cases, a joint application may be required. This is often due to the following reasons:

1. Unacceptable credit record
2. Inappropriate estimation of vehicle / property value
3. Insufficient proof of repayment-ability

No Credit Check for Pre-Approval

There is NO credit check for pre-approval. Credit history is usually checked during final verification when you have decided to proceed after pre-approval.

No Obligation

The applicant has no obligation to proceed with the application before the signing of any agreements.

Privacy Information

We/other parties may retain the information submitted for verification and other purposes. From time to time, our products and services information or updates may be forwarded to you by telephone, mail or electronic mail. If you do not find the information useful, simply inform us by email or “click unsubscribe” when you receive our emails.

Upon submission, you are deemed to have read and agreed to the pre-approval terms and conditions.