WhatsApp
In-Principle Approval (IPA)

Be sure of your budget, as you search for homes.

Confirm your loan eligibility from a bank.
Continue home search with budget clarity.
Make an offer with peace of mind.
The best mortgage rates from all major banks in Singapore
  • DBS
  • OCBC
  • Citibank
  • UOB
  • Standard Chartered
  • Maybank
  • RHB
  • CIMB
  • Bank of China
  • SBI
  • Hong Leong Finance
  • Singapura Finance
  • HSBC
  • DBS
  • OCBC
  • Citibank
  • UOB
  • Standard Chartered
  • Maybank
  • RHB
  • CIMB
  • Bank of China
  • SBI
  • Hong Leong Finance
  • Singapura Finance
  • HSBC
  • DBS
  • OCBC
  • Citibank
  • UOB
  • Standard Chartered
  • Maybank
  • RHB
  • CIMB
  • Bank of China
  • SBI
  • Hong Leong Finance
  • Singapura Finance
  • HSBC

What to expect

step 1

15 mins consultation with our
Mortgage Expert

Your matched Mortgage Expert will contact you and understand your
home finance needs to provide personalised recommendations
step 2

Finalise your home with a
clear budget

Our Mortgage Experts will either do an IPA or an instant calculation
based on your needs.
step 3

Apply for a home loan

Our Mortgage Experts will help compare and apply for a home loan
when you are ready.

No fees.
No commitment.
No brainer.

  • We've helped thousands of homeowners with their mortgages and they have given us 5-star ratings on our application process and service.
    Read our reviews
  • We've partnered with all major banks in Singapore to bring you the best mortgage rates and deals.
  • As the no.1 property portal in Singapore, we possess the market knowledge, data and technology to revolutionise the mortgage market for good.
  • We've put together a dream team to help you find and finance your dream home. With decades of experience, our team are the mortgage experts you need to reach your financial goals.
  • Our loan rate engine screens available mortgage offers daily and compares them with your current home loan, so that we can track any potential savings and recommend better strategies as opportunities emerge.

Rated starstarstarstarstar by our customers

Powered by Google
faces in bubble shapes with Property Finance logo
  • "I would like to thank my Home Finance Mgr Joanne Pang who was very professional and pr...Read more
    Photo of Kenny Tay
    Kenny Tay
  • "Great service. Glenda and Desmond are prompt to answer messages. They are knowledgeabl...Read more
    Photo of Lok Geraldine
    Lok Geraldine
  • "Ms. Hazel Lam from the PropertyGuru Finance Team has been a great guidance and help fo...Read more
    Photo of Deepanwita Roy
    Deepanwita Roy
  • "The service of Ms Joanne is quite patient and timely. She helps us a lot on the home l...Read more
    Photo of Shanshan Yang
    Shanshan Yang
  • "A big thank you to Joanne for her professional and efficient assistance in helping me ...Read more
    Photo of Wendy
    Wendy
  • "My wife and I were introduced by my property agent to Joanne. As first timers, we were...Read more
    Photo of Sean Soh
    Sean Soh
  • "Refinance analysis is very details & easy to read!"
    Photo of Boon Haou Bong
    Boon Haou Bong
  • "Thank you to Joanne of PropertyGuru Finance for helping with my mortgage. My first hom...Read more
    Photo of Tuyet Linh
    Tuyet Linh
  • "Lily Koh was a star in helping us throughout our enquiries and processions throughout....Read more
    Photo of James Russell Lim
    James Russell Lim

Frequently Asked Questions

  • An IPA is a computation of your maximum loan eligibility from a bank, hence it is more accurate and allows you to plan your finances confidently. Getting an IPA also speeds up the loan application process with your chosen bank, after you've paid the option fee.
  • Processing an IPA application usually takes 3-7 business days, depending on your chosen bank.
  • No, your credit history is accessed and evaluated by your chosen bank while processing your IPA application.
  • An IPA's validity can vary from 2 weeks upto a month, depending on your chosen bank
  • No, it will not. However, applying for multiple IPAs may negatively impact your credit score.
  • Yes, one can apply for IPAs with multiple banks. We do not, however, recommend this, as multiple Credit Bureau checks could negatively impact your credit score.
  • No, this service is provided to you without any charge.

IPA Singapore: What is IPA?

An In-Principle Approval (IPA) application checks whether you have the necessary income to finance your loan. The IPA provides details about how much the bank is ready to lend you if you decide to buy a property within the next few months. This can come in the form of an email or snail mail from the bank.
If you are getting your first home loan, do note that your Loan-to-Value limit (LTV) will be 75%. Private properties, an HDB flat and an Executive Condominium (EC) are properties that require an IPA.
Here's a short summary to make it easier for you:
IPA validity1 month
IPA LTV75%
Properties that require IPAPrivate property, HDB flat, and EC

IPA Singapore: What to expect

15-minute consultation with our Mortgage Experts

Getting an In-Principle Approval is quick and easy. All you need is 15 minutes with PropertyGuru Finance's Mortgage Experts. Your matched Mortgage Expert will contact you to understand your home financing needs.
With the information that you have to provide, our Mortgage Expert will provide personalized recommendations that will aid you in your IPA application."

Get an IPA from multiple banks with ease

"Each bank has its own risk assessment to determine how much you can borrow to finance your home. Each IPA constitutes a formal conversation between you and the bank in question. Therefore, there isn't a one-size-fits-all IPA that applies to every bank.
When you make an IPA application through our Mortgage Expert, let us know which banks you are interested in to finance your home.
If you need recommendations on which bank is offering the best mortgage loan package, our Mortgage Experts will be ready to share more with you."

Sit back and wait for your IPA

If you were doing this on your own, you would probably be talking to multiple banks. With PropertyGuru Finance, getting an IPA is so much more simplified.
Firstly, you don't have to talk to different banks to get an IPA from them. PropertyGuru Finance helps you liaise with all the banks that you are interested in.
Secondly, we help you handle the paperwork and documents required. We do the necessary IPA application checks for you so that you get your IPA approved from the get-go.
All you need to do is just sit back and wait for the IPA approval from the banks. Even that is taken care of by our Mortgage Experts! When your IPA application check is done and the IPA is ready for you, our Mortgage Experts will call and inform you.

IPA Singapore: Start house hunting while waiting

We know that some homebuyers are eager to kickstart your home-buying process. But without an IPA and a budget in mind, it can be difficult to narrow down your home search.
If you are applying for your IPA with PropertyGuru Finance, our Mortgage Experts will help you do an estimated home loan calculation. We use in-house technology and data to give you a ballpark estimate of how much the banks are likely to lend you to finance your home.
With this in hand, you have a budget to work with to start house hunting while you are waiting for the official IPA from the bank(s).

IPA Singapore: Apply for a home loan

When all the house hunting is done and you are ready to commit to your new home, you can apply for a home loan with your IPA. With an IPA, you are 'almost guaranteed' that the bank is going to approve your home loan application.
Needless to say, our Mortgage Experts will be there to help you apply for a home loan as well. We will submit your request for a home loan together with the IPA that we applied for you after the 15-minute consultation with our Mortgage Experts.

IPA Singapore: Why getting an IPA makes sense

Be clear about your home budget

Trying to find a home without a budget is like going shopping without a clear idea of how much money you have in your wallet. Even if you see something you love, you won't be able to commit to it with confidence because you aren't sure if the bank is going to finance your home.
That's why getting an IPA makes sense. You don't want to leave it to chance to see whether your bank loan gets approved or not.

Getting an IPA isn't legally binding

One of the biggest myths about IPA is that it is legally binding on either the bank or the homebuyer. In fact, it isn't.
It is not mandatory for you to take on a home loan even though you have gotten an IPA. This means that even if you decide not to take on the home loan, there's no cost to you.

Getting an IPA can save you money

When you decide to buy a home and commit to buying it from the owner, you will need to make an agreement with the seller. This comes in the form of an Option to Purchase (OTP).
The OTP fee, which is equal to 1% of the purchase price of the property, must also be paid at the same time as reserving your ideal house.
Let's say you didn't get an IPA and went ahead to commit to a property that was way out of your budget. The bank decides that it isn't going to help you finance your home. This means that you have no choice but to lose out on the OTP fee that you paid.