If you got some properties, we might be able to help secure some funding for you to meet your short term financial needs that could not be satisfied by Banks due to:

Time Constrain, such as:

  • SPA left 1 month to process before expires
  • Could not obtain approval from bank after 2 months applied or still no news from banks.
  • Need fast and short term working capital when bank procedure will take long time to approve.
  • Has purchased property in auction but approval still not obtained and time is near to pay the balance etc.

Minor credit issues (CRISS and CTOS problem)

  • Blacklisted but already resolved.
  • CCRIS has “2” or “3” or more but within which are acceptable to us.

Insufficient income proof i.e. can show repayment capacity and have the ability to pay but official document not sufficient.

  • Eg. Reported income is too low to get another bank loan, Bank insists on latest audited report or else the application will not be processed.

Inflexibility on repayment terms or Bank do not offer short term funding e.g. 6 months

  • You only want short term loan that will settled within 1 to 2 years – Service interest only with bullet payment when account is settled within the 2 years with no early settlement penalty.

Stringent bank policy – banks are restricted by scoring or programmed lending

  • You are a good customer but due to bank scoring system, you could not get a bank loan
  • You are a first time developer which bank will not do due to lack of track record.
  • A Newly registered company with directors have experience in the trade or having other companies with track record, however, banks want it to be at least 3 years old.

Funding Available:

Short Term Loan

  • Loan to Value Ratio: 60% – 70%
  • Tenure: 6 months to 24 months
  • Interest Rate: 12% p.a.

Medium Term Loan

  • Loan to Value Ratio: 60% – 70%
  • Tenure: 5 to 7 years
  • Interest Rate: 9% p.a.

Bridging Loan

  • Loan to Value Ratio: from 60%
  • Tenure: 6 months to 24 months
  • Interest Rate: 12% p.a. (1 month 1% of loan disbursed)
  • Type of Project: Low rise and landed e.g. factories and shophouses
  • Not Acceptable: High Rise such as service apartments, hotels, malls, any type of residential projects

Important Note

  • All loan must be secured by property i.e. land, factory, shops or houses.
  • Shares, fixed deposits, stocks, projects, contracts are not acceptable as security.
  • Only property with title / strata title or individual title freehold or leasehold more than 30 years acceptable. Malay reserved land not acceptable.
  • Interest rate and tenure is non-negotiable