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FAQ

Why should you get your loan via Loanz?

We work with all banks in Singapore and augment with our AI engine to recommend the best match for you based on your requirements. While buying a home is a long-term commitment, we continually monitor the market. If conditions change, our automated systems will advise you on the right time to take action to continue benefitting from the change.

What is the overall process?

Loanz is here to guide you. We help forward your loan application and the required documentation to the bank. Typically, you want to get in-principal approval (IPA) from the chosen bank before you commit on buying a new property. Once you have finalized the new property or are ready to refinance your existing loan, we will notify the bank to initiate the necessary paperwork. We can help to connect you with a lawyer who will handle the necessary legal paperwork required. The loan disbursement is directly from the bank to you and your lawyer; Loanz plays no part in that.

What documents are needed for processing the loan?

Typically, banks need a set of documents to ascertain your identity, your financial wellbeing, and property details. Once we've received your request, we will email you the list of documents required. Check out the list of documents required and how to obtain them.

What happens after the loan processing is completed?

We continue to monitor the market for you. When your lock-in period is about to complete, we will contact you with additional offers available at that time.

What is the free gift?

Within 21 days days of signing the letter of offer from the bank, you will get a Bose Noise Cancelling Headphones 700 for all loans of value 500K and above approved though Loanz.

How are you able to offer a free gift?

We work with all major banks in Singapore to get you the best rate. In exchange for connecting you with a bank that offers you a loan that best suits your requirements, the banks give us a referral fee. This allows us not only to give you unbiased free service but also give you this awesome gift.