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Hi I would like to purchase a commercial office space under my Company . Currently I am on an EP as Director and 100% shareholder. Will I be able to get a mortgage loan from the Banks ? I heard only local PR's and Singaporean directors are able to get the loan. How about if I put my personal Guarantee as well ? Please do advise. Thanks.
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2 Answers

William Choo
Replied
Hi Jay,

Generally speaking, most banks will prefer at least a 30% local shareholding. Nevertheless A 100% foreign shareholding is difficult but still possible subject to the fulfillment of a few conditions.

Please email the following documents to william@mortgagechoice.sg to assess loan eligibility.

Required Documents:

Company ACRA
Latest 2 years financial statement of company
Lastest 6 month company bank account statement
Debtors' ageing list
NRIC copies (all directors)
Latest 2 years' Income Tax Assessment & latest 12-mth CPF Contribution History (all directors)
Latest outstanding loan statement (from existing financier)/or Title Deed (for fully unencumbered property) Read More
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David Ee
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Dear Mr Jay Chulani,
I can recommend you to a banker that can provide loan for our purchase. Please email dfsr2010@gmail.com or call 94386522  .
Thank you.
David Read More
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