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I AM CURRENTLY FACING A LOT OF BAD DEBTS FOR MY CAR AND C/CARDS. INTENDED TO SELL MY HOUSE AND HOPE WITH THE SALES PROFIT I COULD CLEAR THE OUTSTANDING WITH THE BANKS.CURRENTLY I AM WITH OCBC FOR MY CURRENT HOME LOAN AND WILL I BE ABLE TO BE OFFERED AGAIN BY THE SAME BANK SHOULD I TAKE THE HOME LOAN FOR MY NEW FLAT AS I KNOW IT WILL BE DIFFICULT FOR ME TO GET LOAN FROM ANY BANKS AS MY CREDIT RECORD IS NOT GOOD. SO BEFORE I SELL MY FLAT I NEED ADVISE FROM THE EXPERTS. THANKS
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1 Answer

Mike Lim
Replied
Afternoon,

With bad credit record, it's unikely that any bank will grant you any loan. What you can do is try to apply the IPA from a few banks and request for rejection letter. With this, you can write in to HDB to request for a market rate loan. HDB might request for documentation proof on your current status before working on it.

Do feel free to contact me if you require further assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
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