Hi, We are trying to apply for renovation loan for our new house but got rejected by 3 banks (OCBC, Maybank & RHB) We used to have credit problems but all have been settled and our CBS record is cleared and cleaned. When we asked why it was rejected, the bank says that as long you have a lawsuit before it seems impossible to get any loan from any bank despite you have cleared it. This is ridiculous! We're not asking for a ridiculous amount and mind you the renovation is needed because the house we bought was totally in original state since it was built 20 years ago. Is this true what the banks says? Can someone help us please.... Shocked. Amazed and Frustrated (among everything else)
