Singapore Expats

How long before one can take out a loan (personal/car/home)

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magpies
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How long before one can take out a loan (personal/car/home)

Post by magpies » Fri, 28 Nov 2008 2:26 pm

Hi All,

Just wondering how long is the qualifying period before you can apply for a personal/car/home loan in Singapore ? And can they or will they check your credit history from back home ?

Thanks.

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blue_thunder
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Re: How long before one can take out a loan (personal/car/ho

Post by blue_thunder » Fri, 28 Nov 2008 3:58 pm

magpies wrote:Hi All,

Just wondering how long is the qualifying period before you can apply for a personal/car/home loan in Singapore ? And can they or will they check your credit history from back home ?

Thanks.
It depends..
if you are a PR(Permanent Resident) its easy to get any loans..atleast personal and car loans...not sure abt the housing loans..
but if you are on EP, then interest rates are very high...

Cheers.
~ I don't want to be a product of my environment, I want my environment to be a product of me

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sillingw
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Post by sillingw » Tue, 02 Dec 2008 11:52 am

Yes, they have the capability to do an international credit check - loans depends on individual circumstances, we got a mortgage, car loan pretty easy after we provided proof of employment, salary details etc.. They did a credit check and no problem.

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