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Hi I used to earn more than $12k per month. But I have been retrenched recently and I have not secure a job yet. I would like to know since I have no income now, can I purchase an EC instead and what other challenges I need to take note beside the loan application.
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1 Answer

Mike Lim
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Afternoon, Loan assessment is based on your current income status. Within a secure job, no financial institute will consider your case at all. With this being your biggest obstacle, the rest of the issues can wait. Regards Mike Lim 96929209  m52i@yahoo.com ERA Read More
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  • ET
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    Hi Thank you for the reply. Just to be clear, I am not planing to take any loan. My concern is I was not qualified for an EC in the past, now how many months must I wait to qualify ? Is it 3, 6 under the income cap or since I am not working now, I am immediately go and purchase a unit.

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