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Bank Loan

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Bank Loan

Post by Siao_Liao on 22nd February 2010, 5:24 pm

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
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Re: Bank Loan

Post by dunbother on 22nd February 2010, 5:59 pm

haven heard of. remb to update here later if you got further findings
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dunbother
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Re: Bank Loan

Post by lBlOlSlSl on 22nd February 2010, 7:31 pm

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.
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lBlOlSlSl
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Re: Bank Loan

Post by whitechoco on 22nd February 2010, 8:02 pm

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...
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whitechoco
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Re: Bank Loan

Post by Pegasus on 22nd February 2010, 8:31 pm

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
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Re: Bank Loan

Post by Siao_Liao on 22nd February 2010, 10:19 pm

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
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Re: Bank Loan

Post by Siao_Liao on 22nd February 2010, 10:20 pm

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
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Re: Bank Loan

Post by NiVleK on 22nd February 2010, 10:26 pm

Yeah. I got asked to submit documents again. Called bank myself and this is indeed true.
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NiVleK
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Re: Bank Loan

Post by Siao_Liao on 22nd February 2010, 10:34 pm

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
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Re: Bank Loan

Post by whitechoco on 23rd February 2010, 12:08 am

Siao_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.
anyway bank loan wun take long one lah.. since they processed b4 liao.. mine was processed within one day
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whitechoco
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Re: Bank Loan

Post by NiVleK on 23rd February 2010, 12:10 am

yeah. Mine processed within the hour.
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NiVleK
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Re: Bank Loan

Post by Sanyu on 23rd February 2010, 12:38 am

mine's just over a phone call to verify stuff...
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Sanyu
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Re: Bank Loan

Post by godspeedyou on 23rd February 2010, 7:58 pm

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!
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godspeedyou
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Re: Bank Loan

Post by Guardian on 23rd February 2010, 8:27 pm

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.
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Guardian
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Re: Bank Loan

Post by Siao_Liao on 23rd February 2010, 9:34 pm

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


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Re: Bank Loan

Post by Siao_Liao on 23rd February 2010, 9:36 pm

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


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Re: Bank Loan

Post by dunbother on 23rd February 2010, 9:42 pm

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.
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dunbother
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Re: Bank Loan

Post by Siao_Liao on 23rd February 2010, 9:45 pm

dunbother wrote: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.

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


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Re: Bank Loan

Post by godspeedyou on 23rd February 2010, 9:47 pm

2 months ah? I thought 3.
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godspeedyou
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Re: Bank Loan

Post by dunbother on 23rd February 2010, 9:50 pm

actually i also thought is 3. lucky u clarify it.although it isnt much issue but then again, the delay sux...
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dunbother
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Re: Bank Loan

Post by Siao_Liao on 23rd February 2010, 10:09 pm

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


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Re: Bank Loan

Post by NiVleK on 23rd February 2010, 10:23 pm

its 3 months.
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NiVleK
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Re: Bank Loan

Post by Siao_Liao on 23rd February 2010, 10:42 pm

NiVleK wrote:its 3 months.

then my SE bluff me ba...she told me is 2 months

Siao_Liao
Newbie


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Re: Bank Loan

Post by Guardian on 24th February 2010, 9:54 am

Don't quite understand.
If our car is not get after three months, need to apply bank loan again?
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Guardian
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Re: Bank Loan

Post by Nightstar96 on 24th February 2010, 10:18 am

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.
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Nightstar96
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Re: Bank Loan

Post by Guardian on 24th February 2010, 3:01 pm

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 ?
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Guardian
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Re: Bank Loan

Post by Nightstar96 on 24th February 2010, 3:49 pm

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.
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Nightstar96
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Re: Bank Loan

Post by NiVleK on 24th February 2010, 10:13 pm

The reason they have to submit again if the lapse is too big is in case you have changed in your job....
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Re: Bank Loan

Post by Siao_Liao on 25th February 2010, 10:59 pm

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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Re: Bank Loan

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