Bank Loan
+6
NiVleK
Pegasus
whitechoco
lBlOlSlSl
dunbother
Siao_Liao
10 posters
Page 1 of 1
Bank Loan
Strange...my SC call me up and say bank requried a re-verification cos they say the loan amount which is approved in OCT is expired. Anyone of you encounter this problem?
Siao_Liao- Newbie
Re: Bank Loan
Siao Liao, have they bid for ur COE already? Me first time buying a ride so I maybe wrong on the car side but I work in bank and once loan approved it will be credited to somewhere to start generating interest. Dont make no sense to approve and don give out rite? and moreover, Dont they need approved loan before bidding COE?
Correct me if I am wrong.
Correct me if I am wrong.
lBlOlSlSl- Newbie
Re: Bank Loan
maybe the loan amt approved got so-called expiry date of dunno hw many months? october is quite a few mths away already. maybe they just need to make sure that you still earning the same amt at least or more.. or still employed etc...
whitechoco- Moderator
Re: Bank Loan
Siao_Liao wrote:Strange...my SC call me up and say bank requried a re-verification cos they say the loan amount which is approved in OCT is expired. Anyone of you encounter this problem?
Do not see any issue. Unless there's a change in the loan amount. Or the interest rate is being revised up
If not, if there's this re-verification, it should be transparent to you. SE newbie ah?
Pegasus- Junior Member
Re: Bank Loan
She say all her customer required re-verification. she told me if bank loan is pass 2 months, need to re-loan. a bit stupid leh...now gona drag again..waiting for bank to approve...wtf..drag again..get a new car also so difficult...
Siao_Liao- Newbie
Re: Bank Loan
whitechoco wrote:maybe the loan amt approved got so-called expiry date of dunno hw many months? october is quite a few mths away already. maybe they just need to make sure that you still earning the same amt at least or more.. or still employed etc...
yes..i would think that is the case. jia lat leh...i super sian already...sooner my sian will turn into anger..then i go cancel my order liao.
Siao_Liao- Newbie
Re: Bank Loan
Yeah. I got asked to submit documents again. Called bank myself and this is indeed true.
NiVleK- Senior Member
Re: Bank Loan
NiVleK wrote:Yeah. I got asked to submit documents again. Called bank myself and this is indeed true.
so screw up right? this is the first time i buy car will wait until bank loan expire one..knn..they better deliver to me before COE expired also...
Siao_Liao- Newbie
Re: Bank Loan
anyway bank loan wun take long one lah.. since they processed b4 liao.. mine was processed within one daySiao_Liao wrote:whitechoco wrote:maybe the loan amt approved got so-called expiry date of dunno hw many months? october is quite a few mths away already. maybe they just need to make sure that you still earning the same amt at least or more.. or still employed etc...
yes..i would think that is the case. jia lat leh...i super sian already...sooner my sian will turn into anger..then i go cancel my order liao.
whitechoco- Moderator
Re: Bank Loan
valid for 3 months only, after that need the income documents again, quite a number of Koupers have this problem since the wait is damn long!
godspeedyou- Junior Member
Re: Bank Loan
Quite strange. Normally approve within a few days.
Just ensure that the salary is constant. From cpf statement can tell.
If possible, get a guarator, maybe wife salary statement to backup.
Just ensure that the salary is constant. From cpf statement can tell.
If possible, get a guarator, maybe wife salary statement to backup.
Guardian- Junior Member
Re: Bank Loan
godspeedyou wrote:valid for 3 months only, after that need the income documents again, quite a number of Koupers have this problem since the wait is damn long!
true...just receive msg this afternoon that loan approve and extend for another 1 more month. *shake head* super long wait...buai ta han..
Siao_Liao- Newbie
Re: Bank Loan
Guardian wrote:Quite strange. Normally approve within a few days.
Just ensure that the salary is constant. From cpf statement can tell.
If possible, get a guarator, maybe wife salary statement to backup.
its approve la bro...thats not the discussion here...the discussion now is loan got expiry date or dun haf. and conclusion is, yes..bank loan only valid for 2 months. after that, need to resubmit document and re-loan.
Siao_Liao- Newbie
Re: Bank Loan
Thanks for the info
Siao_Liao wrote:Guardian wrote:Quite strange. Normally approve within a few days.
Just ensure that the salary is constant. From cpf statement can tell.
If possible, get a guarator, maybe wife salary statement to backup.
its approve la bro...thats not the discussion here...the discussion now is loan got expiry date or dun haf. and conclusion is, yes..bank loan only valid for 2 months. after that, need to resubmit document and re-loan.
dunbother- Newbie
Re: Bank Loan
dunbother wrote:Thanks for the infoSiao_Liao wrote:Guardian wrote:Quite strange. Normally approve within a few days.
Just ensure that the salary is constant. From cpf statement can tell.
If possible, get a guarator, maybe wife salary statement to backup.
its approve la bro...thats not the discussion here...the discussion now is loan got expiry date or dun haf. and conclusion is, yes..bank loan only valid for 2 months. after that, need to resubmit document and re-loan.
no problem. just like to share it with the bros here. i think quite a lot of us book at OCT/NOV until now still haben get our ride..
Siao_Liao- Newbie
Re: Bank Loan
actually i also thought is 3. lucky u clarify it.although it isnt much issue but then again, the delay sux...
dunbother- Newbie
Re: Bank Loan
godspeedyou wrote:2 months ah? I thought 3.
SE told me is 2..cant be sure also. Maybe u can call up ur SE personally to check.
Siao_Liao- Newbie
Re: Bank Loan
NiVleK wrote:its 3 months.
then my SE bluff me ba...she told me is 2 months
Siao_Liao- Newbie
Re: Bank Loan
Don't quite understand.
If our car is not get after three months, need to apply bank loan again?
If our car is not get after three months, need to apply bank loan again?
Guardian- Junior Member
Re: Bank Loan
Hi guys,
This is what my SE told me, it is a SOP regardless of the time lenght.
SE will submit 2 bank loan approval, 1st is before COE bidding and 2nd after payment before collection.
because payment might be different after coe bidding, if buyer wishes to take up more loan or putting more downpayment.
however usually during the shorting period which car stock is available or not change in payment, SE wont mention submitting the 2nd bank loan approval.
Hope this help, anyway no harm for 2nd loan approval.
unless you got some secret in your wallet.
This is what my SE told me, it is a SOP regardless of the time lenght.
SE will submit 2 bank loan approval, 1st is before COE bidding and 2nd after payment before collection.
because payment might be different after coe bidding, if buyer wishes to take up more loan or putting more downpayment.
however usually during the shorting period which car stock is available or not change in payment, SE wont mention submitting the 2nd bank loan approval.
Hope this help, anyway no harm for 2nd loan approval.
unless you got some secret in your wallet.
Nightstar96- Junior Member
Re: Bank Loan
Bro nightstar
saw your signature that your car eta is 27 feb.
Is it confirm?
That's early since we book on the same date.
Or because yours is a manual ?
saw your signature that your car eta is 27 feb.
Is it confirm?
That's early since we book on the same date.
Or because yours is a manual ?
Guardian- Junior Member
Re: Bank Loan
Guardian wrote:Bro nightstar
saw your signature that your car eta is 27 feb.
Is it confirm?
That's early since we book on the same date.
Or because yours is a manual ?
OT abit
ya i paid last sat, SE say wed can collect but i not free till weekend.
mosty the reason is colour, I already lots of blue on the road.
depend on colour and the shipment come.
Heard most colour coming these days are Red, Blue, sliver.
colour lacking pior to demand like white white, green did not come enuff to satify orders.
some ppl give in to SE suggestion to other colours due to availablity to take car earlier.
check with your SE if you dun mind other colours.
anyway my SE is very pro in his job, what he can or cannot do, he will tell me straight.
No rubbish story.
Nightstar96- Junior Member
Re: Bank Loan
The reason they have to submit again if the lapse is too big is in case you have changed in your job....
NiVleK- Senior Member
Re: Bank Loan
NiVleK wrote:The reason they have to submit again if the lapse is too big is in case you have changed in your job....
that's right.
Siao_Liao- Newbie
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