PROPERTY-BACKED LOAN

Get up to 85% of your home equity in cash for your business

Property loans help business unlock the value of their residential of commercial properties, which could provide additional cash flow for operations or new investments.

Applicable to:
Private Residential, Commercial,
& Industrial Properties
Interest Rate:
As low as 4.25%, 2 year fixed
Repayment:
Up to 25 years (Principal and Interest
Payment) Up to 3 years (Interest
Servicing only)

Explore property-backed loan options from our leading lenders

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How much can I cash out?

How much you can cash out depends on a mixture of 3 key factors, namely, loan-to-valuation (LTV), Outstanding home loan amount and total CPF funds used. Of course you might be subjected to general regulatory limits like total debt servicing ratio (TDSR). Businesses should also show an ability to make good on future monthly debt repayments.

Loan-to-valuation

The LTV is calculated by the maximum loan a lender is able to provide over the valuation of your property. Example, a 70% LTV on a $1million property means the maximum loan you can take is $700,000.  Therefore the higher the LTV, the more you can cash out. See table's LTVs for different property types.

LTV
Banks / NBFI
Alternative Lenders
Residential
70%
85%
Commercial
70%
80%
Shophouses
70%
80%
Industrial
60%
70%

Loan outstanding and total CPF used

Loan outstanding and total CPF used

With the LTV, your total cash out amount is now %LTV of your property minus your outstanding loan and the CPF used to purchase the property (with accrued interest).

Example:
George has a condo currently valued at $1 million with an outstanding loan of $300,000. He also utilised a total of $100,000 including accrued interest to finance his condo. This means the maximum amount he can cash out is [LTV 70% x S$1,000,000 (market value)] - $300,000 (outstanding loan) - $100,000 (CPF Utilised) = $300,000.

Bank vs. non-bank

Here’s a full breakdown on the pros and cons between a bank and a non-bank.
Property Backed
LTV
Interest Rate
Tenor
Repayment Schedule
Processing Fee
Banks
60-70%
2.5% p.a. onwards
Up to 25 years
Principal + interest monthly
0%
Non-bank
60-85%
5.5% p.a. onwards
Typically up to 5 years (able to stretch to 15 years)
Principal + interest monthly OR
Interest servicing only
0.5-1.0%
As you can see, while banks are much cheaper in terms of pricing, a non-bank option offers a wider range of flexibility. This includes a higher LTV, and interest servicing option. This may be a deciding factor as an interest servicing option greatly reduces your monthly repayment and increases your cash flow.

Receive up to $500 worth of vouchers when you apply for your property backed loan with us.

How to apply

Apply for your loan through Lendingpot to be directly connected to 45 different possible lenders.
Apply on our website
Complete Verification with Loan Specialist
Case gets listed on marketplace
Lenders reach out on offers
Get funding

Why get your property loan through Lendingpot?

Why get your property loan through Lendingpot?

A team that will support you

We have a dedicated team that will walk you through your entire loan process and help you do the market research you need.

We let lenders compete for your loan

Be ready to be spoilt for choice when we help you compare the best deals across all banks and non-banks so you only get the lowest interest rate and the highest cash out amount. Our rates are same as what the banks can offer or even better.

It’s Free! Plus get Rewards!

We do this entirely without cost to you. However our lenders pay us a referral fee to let them compete and win your business. Hence, you can be assured that our advice is unbiased and true to you.  Additionally, we give rewards to our members when they get a loan as a way to share our joy.

Why get your property loan through Lendingpot?

A team that will support you
We have a dedicated team that will walk you through your entire loan process and help you do the market research you need.
We let lenders compete for your loan
Be ready to be spoilt for choice when we help you compare the best deals across all banks and non-banks so you only get the lowest interest rate and the highest cash out amount. Our rates are same as what the banks can offer or even better.
It’s Free! Plus get Rewards!
We do this entirely without cost to you. However our lenders pay us a referral fee to let them compete and win your business. Hence, you can be assured that our advice is unbiased and true to you.  Additionally, we give rewards to our members when they get a loan as a way to share our joy.

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FAQs

How do I know how much my property is valued?
Are there any additional fees I need to look out for?
What are the type of loan rates and structure available?
Why should I engage a broker for my property loan?
How long does an application typically take?

Quickly compare against 45 lenders. Get your Property backed loan through Lendingpot.

Still have doubts?
Let us help!

We’re happy to address any doubts you may still have. Let us know in the message box or simply book an appointment with us below.

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