Loan Application Process

Step 1

3 - 4 Working Days

Submission
Obtained Loan Application form & all supporting document from customer

Approval
Update customer approval status and prepare Bank Letter Offer

Step 2

1 - 2 Working Days

Bank
Issuance of Letter Offer

Step 3

1 - 2 Working Days

Acceptance of Bank Letter Offer by customer

Step 4

3 - 4 Working Days

Bank Issue Letter Instruction to Lawyer & Valuer

Step 5

5 - 6 Working Days

Lawyer
Prepare for Loan Agreement for customer execution

Valuer
Contact customer to arrange for Site Inspection

Step 6

14 Working Days

Lawyer
Send for Bank Execution and Bank return Agreement to Lawyer

Valuer
Send in Valuation Report to Bank

Step 7

5 Working Days

Customer to made payment to Lawyer

Step 8

3 weeks - 1 month

Leasehold
To request consent from Land Authority (Selangor)

1 - 2 months

Leasehold
To request consent from Land Authority (Wilayah Persekutuan Kuala Lumpur)

14 Working Days

Encumbered Property
Request Redemption

Step 9

2 - 4 Working Days

Lawyer
Stamping of Loan Agreement

Step 10

14 Working Days

Advise Bank for Release of 1st Payment

Tools

How much housing loan you can get?

How much is your property worth?

Looking to buy or rent property?

Looking to sell your property?

[Image source: Image by Freepik]